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Macroeconomic Risk Management Against Natural Disasters

Macroeconomic Risk Management Against Natural Disasters PDF Author: Stefan Hochrainer
Publisher: Springer Science & Business Media
ISBN: 3835094416
Category : Business & Economics
Languages : en
Pages : 213

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Book Description
Stefan Hochrainer develops a catastrophe risk management model. It illustrates which trade-offs and choices a country must make in managing economic risks due to natural disasters. Budgetary resources are allocated to pre-disaster risk management strategies to reduce the probability of financing gaps. The framework and model approach allows cross country comparisons as well as the assessment of financial vulnerability, macroeconomic risk, and risk management strategies. Three case studies demonstrate its flexibility and coherent approach.