Governance, Risk and Financial Impact of Mega Disasters

Governance, Risk and Financial Impact of Mega Disasters PDF Author: Akiko Kamesaka
Publisher: Springer Nature
ISBN: 9811390053
Category : Business & Economics
Languages : en
Pages : 124

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Book Description
This book addresses researchers, practitioners, and policy makers interested in understanding the financial implications of mega-disaster risks as well as in seeking possible solutions with regard to governance, the allocation of financial risk, and resilience. The first part of this book takes the example of Japan and studies the impact of mega earthquakes on government finance, debt positions of private household and businesses, capital markets, and investor behavior by way of economic modeling as well as case studies from recent major disasters. In Japan, the probability of a mega earthquake hitting dense agglomerations is very high. Like other large-scale natural disasters, such events carry systemic risks, i.e., they can trigger disruptions endangering the stability of the social, economic, and political order. The second part looks at the experience of the Japanese government as a provider of disaster-risk finance and an active partner in international collaboration. It concludes with an analysis of the general characteristics of systemic risk and approaches to improve resilience.

Governance, Risk and Financial Impact of Mega Disasters

Governance, Risk and Financial Impact of Mega Disasters PDF Author: Akiko Kamesaka
Publisher: Springer Nature
ISBN: 9811390053
Category : Business & Economics
Languages : en
Pages : 124

Get Book Here

Book Description
This book addresses researchers, practitioners, and policy makers interested in understanding the financial implications of mega-disaster risks as well as in seeking possible solutions with regard to governance, the allocation of financial risk, and resilience. The first part of this book takes the example of Japan and studies the impact of mega earthquakes on government finance, debt positions of private household and businesses, capital markets, and investor behavior by way of economic modeling as well as case studies from recent major disasters. In Japan, the probability of a mega earthquake hitting dense agglomerations is very high. Like other large-scale natural disasters, such events carry systemic risks, i.e., they can trigger disruptions endangering the stability of the social, economic, and political order. The second part looks at the experience of the Japanese government as a provider of disaster-risk finance and an active partner in international collaboration. It concludes with an analysis of the general characteristics of systemic risk and approaches to improve resilience.

Strengthening Disaster Risk Governance to Manage Disaster Risk

Strengthening Disaster Risk Governance to Manage Disaster Risk PDF Author: Jose Manuel Mendes
Publisher: Elsevier
ISBN: 0128187514
Category : Science
Languages : en
Pages : 164

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Book Description
Strengthening Disaster Risk Governance to Manage Disaster Risk presents the second principle from the UNISDR Sendai Framework for Disaster Risk Reduction, 2015-2030. The framework includes discussion of risk and resilience from both a theoretical and governance perspective in light of the ideas that are shaping our common future and presents innovative tools and best practices in reducing risk and building resilience. Combining the applications of social, financial, technological, design, engineering and nature-based approaches, the volume addresses rising global priorities and focuses on strengthening the global understanding of risk governance practices, initiatives and trends. Focusing on disaster risk governance at the national, regional, and global levels, it presents both historic and contemporary issues, asking researchers and governments how they can use technological advances, risk and resilience metrics and modeling, business continuity practices, and past experiences to understand the disaster recovery process and manage risk. - Follows the global frameworks for disaster risk reduction and sustainability, specifically the UNISDR Sendai Framework for DRR, 2015-2030 - Addresses lessons learned and future paths in disaster risk governance models - Integrates public and private interests in risk governance - Presents methodologies dealing with risk uncertainty, ambiguity and complexity

The Economic Impacts of Natural Disasters

The Economic Impacts of Natural Disasters PDF Author: Debarati Guha-Sapir
Publisher: Oxford University Press
ISBN: 0199841934
Category : Business & Economics
Languages : en
Pages : 341

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Book Description
This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.

Understanding the economic and financial impacts of natural disasters

Understanding the economic and financial impacts of natural disasters PDF Author: Charlotte Benson
Publisher: World Bank Publications
ISBN: 9780821356852
Category : Disaster relief
Languages : en
Pages : 136

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Book Description


Natech Risk Assessment and Management

Natech Risk Assessment and Management PDF Author: Elisabeth Krausmann
Publisher: Elsevier
ISBN: 0128038799
Category : Technology & Engineering
Languages : en
Pages : 270

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Book Description
Natech Risk Assessment and Management: Reducing the Risk of Natural-Hazard Impact on Hazardous Installations covers the entire spectrum of issues pertinent to Natech risk assessment and management. After a thorough introduction of the topic that includes definitions of terms, authors Krausmann, Cruz, and Salzano discuss various examples of international frameworks and provide a detailed view of the implementation of Natech Risk Management in the EU and OECD. There is a dedicated chapter on natural-hazard prediction and measurement from an engineering perspective, as well as a consideration of the impact of climate change on Natech risk. The authors also discuss selected Natech accidents, including recent examples, and provide specific 'lessons learned' from each, as well as an analysis of all essential elements of Natech risk assessment, such as plant layout, substance hazards, and equipment vulnerability. The final section of the book is dedicated to the reduction of Natech risk, including structural and organizational prevention and mitigation measures, as well as early warning issues and emergency foreword planning. - Teaches chemical engineers and safety managers how to safeguard chemical processing plants and pipelines against natural disasters - Includes international regulations and explains how to conduct a natural hazards risk assessment, both of which are supported by examples and case studies - Discusses a broad range of hazards and the multidisciplinary aspects of risk assessment in a detailed and accessible style

How to Manage the Fiscal Costs of Natural Disasters

How to Manage the Fiscal Costs of Natural Disasters PDF Author: Mr.Serhan Cevik
Publisher: International Monetary Fund
ISBN: 1484380983
Category : Nature
Languages : en
Pages : 18

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Book Description
This how-to note focuses on the management of the fiscal costs associated with natural disaster risks. Unlike other types of fiscal risks (for example, unexpected macroeconomic changes or materialization of contingent liabilities), a natural disaster presents a unique challenge to fiscal risk-management and budget processes because of its exogenous nature and potentially overwhelming scale. This note discusses how governments can build fiscal resilience against natural hazards and strengthen fiscal management after a disaster, including through budgeting frameworks and other fiscal policies. The note aims to answer three central questions: How large should fiscal buffers be? How should fiscal buffers be built up? How should fiscal buffers be used efficiently and transparently once a natural disaster has struck? These three questions directly relate to fiscal policy, fiscal risk management, and the budget process—all core areas of IMF expertise. To address them, the note focuses on fiscal strategies for financing recovery efforts and considers approaches to mitigate disaster impact. The note also provides guidance on how to conduct regular risk analyses of natural disasters’ potential fiscal consequences and outlines best practices for defining and accounting for the contingent liabilities associated with natural disasters in budgeting frameworks. Finally, the note touches on approaches for risk reduction, disaster risk financing strategies, and risk transfer mechanisms, such as various insurance instruments.

Economic Effects of Natural Disasters

Economic Effects of Natural Disasters PDF Author: Taha Chaiechi
Publisher: Academic Press
ISBN: 0128174668
Category : Business & Economics
Languages : en
Pages : 665

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Book Description
Economic Effects of Natural Disasters explores how natural disasters affect sources of economic growth and development. Using theoretical econometrics and real-world data, and drawing on advances in climate change economics, the book shows scholars and researchers how to use various research methods and techniques to investigate and respond to natural disasters. No other book presents empirical frameworks for the evaluation of the quality of macroeconomic research practice with a focus on climate change and natural disasters. Because many of these subjects are so large, different regions of the world use different approaches, hence this resource presents tailored economic applications and evidence. - Connects economic theories and empirical work in climate change to natural disaster research - Shows how advances in climate change and natural disaster research can be implemented in micro- and macroeconomic simulation models - Addresses structural changes in countries afflicted by climate change and natural disasters

Financial Firms' crisis and productivity analysis

Financial Firms' crisis and productivity analysis PDF Author: Francesco Campobasso
Publisher: FrancoAngeli
ISBN: 8835151147
Category : Business & Economics
Languages : en
Pages : 104

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Book Description
365.1281

Dull Disasters?

Dull Disasters? PDF Author: Daniel Jonathan Clarke
Publisher: Oxford University Press
ISBN: 0198785577
Category : Business & Economics
Languages : en
Pages : 154

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Book Description
This is an open access title available under the terms of a CC BY 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Dull Disasters? shows how countries and their partners can better prepare for natural disasters such as typhoons, earthquakes, floods, and drought. By harnessing lessons from finance, political science, economics, psychology, and the naturalsciences, it is possible for governments, civil society, private firms, and international organizations to work together to achieve better preparedness, thereby reducing the risks to people and economies and enablingquicker recoveries. In this way, responses to disasters become less emotional, less political, less headline-grabbing, and more business as usual and effective.

Handbook of Risk and Insurance Strategies for Certified Public Risk Officers and other Water Professionals

Handbook of Risk and Insurance Strategies for Certified Public Risk Officers and other Water Professionals PDF Author: Frank Spellman
Publisher: CRC Press
ISBN: 1000449203
Category : Technology & Engineering
Languages : en
Pages : 1037

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Book Description
This book serves as a technical yet practical risk management manual for professionals working with water and wastewater organizations. It provides readers with a functional comprehension of water and wastewater operations as well as a broad understanding of industry derivations and various stakeholder interconnectivity. This knowledge is imperative, as most administrative professionals are proficient in their respective areas of expertise but sometimes lack fluency on the broader technical aspects of their organization’s purpose, operations, and externalities. It also examines risk management best practices and provides an actionable review of doing the right thing, the right way, every time through a combination of core risk management principles. These include enterprise, strategic, operational, and reputational risk management, as well as risk assessments, risk/frequency matrixes, checklists, rules, and decision-making processes. Finally, the book addresses the importance of risk transfer through insurance policies and provides best practices for the prudent selection of these policies across different scenarios. Features: Provides an understanding of water and wastewater technical operations to properly implement sound risk management and insurance programs. Emphasizes the importance of building well-designed, resilient systems, such as policies, processes, procedures, protocol, rules, and checklists that are up to date and fully implemented across a business. Offers a detailed look into insurance policy terms and conditions and includes practical checklists to assist readers in structuring and negotiating their own policies. Handbook of Risk and Insurance Strategies for Certified Public Risk Officers and Other Water Professionals combines practical knowledge of technical water/wastewater operations along with the core subjects of risk management and insurance for practicing and aspiring professionals charged with handling these vital tasks for their organizations. Readers will also gain invaluable perspective and knowledge on best-in-class risk management and insurance practices in the water and wastewater industries.