Financial Protection of the State Against Natural Disasters: A Primer
By F. Ghesquiere, O. Mahul. 2010
111 citations recorded by the source corpus.
This paper has been prepared for policy makers interested in establishing or strengthening financial strategies to increase the financial response capacity of governments of developing countries in the aftermath of natural disasters, while protecting their long-term fiscal balances. It analyzes various aspects of emergency financing, including the types of instruments available, their relative costs and disbursement speeds, and how these can be combined to provide cost-effective financing for the different phases that follow a disaster. The paper explains why governments are usually better served by retaining most of their natural disaster risk while using risk transfer mechanisms to manage the excess volatility of their budgets or access immediate liquidity after a disaster. Finally, it discusses innovative approaches to disaster risk financing and provides examples of strategies that developing countries have implemented in recent years.
Subfields: Economics and Econometrics, Sociology and Political Science, Soil Science
View Paper: https://www.semanticscholar.org/paper/bf5cdd03e990808b55c6bcf988c6e38b03d7a706
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In Economics and Econometrics
In Soil Science
Citations in the corpus
- COVID-19 and finance: Agendas for future research (2020, unknown): “How states can manage the potentiality of natural disasters (Ghesquiere and Mahul, 2010) ?”
- Rethinking financial contagion: Information transmission mechanism during the COVID-19 pandemic (2020, unknown): “Studies by Haacker (2004); Hoffman and Silverberg (2018), Bloom et al.”
- Financial instruments for disaster risk management and climate change adaptation (2015, background): “This is the layer for which traditional or innovative financing instruments can help to lessen the burden on the victims (World Bank 2007; Ghesquiere and Mahul 2010; Global Facility for Disaster Reduction and Recovery GFDRR 2013).”