Governance, Risk and Financial Impact of Mega Disasters

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Author :
Publisher : Springer Nature
ISBN 13 : 9811390053
Total Pages : 124 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Governance, Risk and Financial Impact of Mega Disasters by : Akiko Kamesaka

Download or read book Governance, Risk and Financial Impact of Mega Disasters written by Akiko Kamesaka and published by Springer Nature. This book was released on 2019-11-23 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

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Author :
Publisher : Elsevier
ISBN 13 : 0128187506
Total Pages : 162 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Strengthening Disaster Risk Governance to Manage Disaster Risk by : Jose Manuel Mendes

Download or read book Strengthening Disaster Risk Governance to Manage Disaster Risk written by Jose Manuel Mendes and published by Elsevier. This book was released on 2021-01-29 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

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Author :
Publisher : Oxford University Press
ISBN 13 : 0199339805
Total Pages : 417 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis The Economic Impacts of Natural Disasters by : Debarati Guha-Sapir

Download or read book The Economic Impacts of Natural Disasters written by Debarati Guha-Sapir and published by Oxford University Press. This book was released on 2013-05-02 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the turn of the millennium, more than one million people have been killed and 2.3 billion others have been directly affected by natural disasters around the world. In cases like the 2010 Haiti earthquake or the 2004 Indian Ocean tsunami, these disasters have time and time again wrecked large populations and national infrastructures. While recognizing that improved rescue, evacuation, and disease control are crucial to reducing the effects of natural disasters, in the final analysis, poverty remains the main risk factor determining the long-term impact of natural hazards. Furthermore, natural disasters have themselves a tremendous impact on the poorest of the poor, who are often ill-prepared to deal with natural hazards and for whom a hurricane, an earthquake, or a drought can mean a permanent submersion in poverty. The Economic Impacts of Natural Disasters focuses on these concerns for poverty and vulnerability. Written by a collection of esteemed scholars in disaster management and sustainable development, the report provides an overview of the general trends in natural disasters and their effects by focusing on a critical analysis of different methodologies used to assess the economic impact of natural disasters. Economic Impacts presents six national case studies (Bangladesh, Vietnam, India, Nicaragua, Japan and the Netherlands) and shows how household surveys and country-level macroeconomic data can analyze and quantify the economic impact of disasters. The researchers within Economic Impacts have created path-breaking work and have opened new avenues for thinking and debate to push forward the frontiers of knowledge on economics of natural disasters.

Understanding the economic and financial impacts of natural disasters

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Author :
Publisher : World Bank Publications
ISBN 13 : 9780821356852
Total Pages : 136 pages
Book Rating : 4.3/5 (568 download)

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Book Synopsis Understanding the economic and financial impacts of natural disasters by : Charlotte Benson

Download or read book Understanding the economic and financial impacts of natural disasters written by Charlotte Benson and published by World Bank Publications. This book was released on 2004 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Policy Issues in Insurance Financial Management of Large-Scale Catastrophes

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264041516
Total Pages : 315 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Policy Issues in Insurance Financial Management of Large-Scale Catastrophes by : OECD

Download or read book Policy Issues in Insurance Financial Management of Large-Scale Catastrophes written by OECD and published by OECD Publishing. This book was released on 2008-09-05 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains three reports focusing on different institutional approaches to the financial management of large-scale catastrophes, the role of risk mitigation and insurance in reducing the impact of natural disasters, and the importance of strategic leadership in the management of crises.

Natural Disasters and Climate Change

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Author :
Publisher : Springer Nature
ISBN 13 : 3030437086
Total Pages : 69 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis Natural Disasters and Climate Change by : Juan José Durante

Download or read book Natural Disasters and Climate Change written by Juan José Durante and published by Springer Nature. This book was released on 2020-08-11 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a technical approach to promoting the development of disaster and climate change risk financing and transfer strategies, and discusses several practical issues, chiefly focusing on Latin America and the Caribbean. Innovative risk financing and insurance mechanisms are vital for governments around the world, in order to provide financial protection and reduce the economic costs and social and developmental impacts of natural disasters and climate change. The book’s main content is complemented by a wealth of graphics, diagrams and tables that illustrate the concepts discussed and make the text accessible for practitioners and non-practitioners alike. The book offers proven, creative and innovative ideas on how to tackle risk financing and management for natural disasters and climate change. Strategic topics such as sovereign disaster risk financing, property catastrophe risk insurance, and agricultural insurance are also discussed.

Natural Disasters and Climate Change

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Author :
Publisher : Springer
ISBN 13 : 3319089331
Total Pages : 214 pages
Book Rating : 4.3/5 (19 download)

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Book Synopsis Natural Disasters and Climate Change by : Stéphane Hallegatte

Download or read book Natural Disasters and Climate Change written by Stéphane Hallegatte and published by Springer. This book was released on 2014-09-17 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores economic concepts related to disaster losses, describes mechanisms that determine the economic consequences of a disaster, and reviews methodologies for making decisions regarding risk management and adaptation. The author addresses the need for better understanding of the consequences of disasters and reviews and analyzes three scientific debates on linkage between disaster risk management and adaptation to climate change. The first involves the existence and magnitude of long-term economic impact of natural disasters on development. The second is the disagreement over whether any development is the proper solution to high vulnerability to disaster risk. The third debate involves the difficulty of drawing connections between natural disasters and climate change and the challenge in managing them through an integrated strategy. The introduction describes economic views of disaster, including direct and indirect costs, output and welfare losses, and use of econometric tools to measure losses. The next section defines disaster risk, delineates between “good” and “bad” risk-taking, and discusses a pathway to balanced growth. A section entitled “Trends in Hazards and the Role of Climate Change” sets scenarios for climate change analysis, discusses statistical and physical models for downscaling global climate scenarios to extreme event scenarios, and considers how to consider extremes of hot and cold, storms, wind, drought and flood. Another section analyzes case studies on hurricanes and the US coastline; sea-level rises and storm surge in Copenhagen; and heavy precipitation in Mumbai. A section on Methodologies for disaster risk management includes a study on cost-benefit analysis of coastal protections in New Orleans, and one on early-warning systems in developing countries. The next section outlines decision-making in disaster risk management, including robust decision-making, No-regret and No-risk strategies; and strategies that reduce time horizons for decision-making. Among the conclusions is the assertion that risk management policies must recognize the benefits of risk-taking and avoid suppressing it entirely. The main message is that a combination of disaster-risk-reduction, resilience-building and adaptation policies can yield large potential gains and synergies.

Integrated Risk Governance

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3642316417
Total Pages : 250 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Integrated Risk Governance by : Peijun Shi

Download or read book Integrated Risk Governance written by Peijun Shi and published by Springer Science & Business Media. This book was released on 2012-07-13 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Integrated Risk Governance: Science Plan and Case Studies of Large-scale Disasters" is the first book in the IHDP-Integrated Risk Governance Project Series. It consists of two parts: Part I: Integrated Risk Governance Project Science Plan, which outlines the challenge, research programme, outcomes, and implementation strategy of the IRG Project; and Part II: Case Studies of Large-scale Disasters, which includes case analyses of experience, lessons learned and recommendations on various large-scale disasters around the world, such as the Tangshan and Wenchuan earthquakes and the great ice storm in China, European heat waves, and Hurricane Katrina in the USA. The community model of integrated natural disaster risk governance and paradigm of catastrophe risk governance in China are also presented. Prof. Peijun Shi works at Beijing Normal University, China; Prof. Carlo Jaeger works at Potsdam Institute for Climate Impact Research, Germany; Prof.Qian Ye works at Beijing Normal University, China.

Dealing with Increased Risk of Natural Disasters

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145186003X
Total Pages : 39 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Dealing with Increased Risk of Natural Disasters by : Mr.Muthukumara Mani

Download or read book Dealing with Increased Risk of Natural Disasters written by Mr.Muthukumara Mani and published by International Monetary Fund. This book was released on 2003-10-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Natural disaster risk is emerging as an increasingly important constraint on economic development and poverty reduction. This paper first sets out the key stylized facts in the area-that the costs of disaster have been increasing, seem set to continue to increase, and bear especially heavily on the poorest. It then reviews the key economic issues at stake, focusing in particular on the actual and prospective roles of, and interaction between, market instruments and public interventions in dealing with disaster risk. Key sources of market failure include the difficulty of risk spreading and, perhaps even more fundamental, the Samaritan's dilemma: the underinvestment in protective measures associated with the rational expectation that others will provide support if disaster occurs. Innovations addressing each of these are discussed.

How to Manage the Fiscal Costs of Natural Disasters

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484359453
Total Pages : 18 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis How to Manage the Fiscal Costs of Natural Disasters by : Mr.Serhan Cevik

Download or read book How to Manage the Fiscal Costs of Natural Disasters written by Mr.Serhan Cevik and published by International Monetary Fund. This book was released on 2018-06-11 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Macroeconomic Risk Management Against Natural Disasters

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Publisher : Springer Science & Business Media
ISBN 13 : 3835094416
Total Pages : 213 pages
Book Rating : 4.8/5 (35 download)

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Book Synopsis Macroeconomic Risk Management Against Natural Disasters by : Stefan Hochrainer

Download or read book Macroeconomic Risk Management Against Natural Disasters written by Stefan Hochrainer and published by Springer Science & Business Media. This book was released on 2007-12-14 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Natural Disasters

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Publisher : International Monetary Fund
ISBN 13 : 1475512716
Total Pages : 32 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Natural Disasters by : Ms.Nicole Laframboise

Download or read book Natural Disasters written by Ms.Nicole Laframboise and published by International Monetary Fund. This book was released on 2012-10-09 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the literature on the macroeconomic impact of natural disasters and presents the IMF’s role in assisting countries coping with natural catastrophes. Focusing on seven country cases, the paper describes the emergency financing, policy support, and technical assistance provided by the Fund to help governments put together a policy response or build a macro framework to lay the foundation for recovery and/or unlock other external financing. The literature and experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, including identifying the risks and probability of natural disasters and integrating them more explicitly into macro frame-works, increasing flexibility within fiscal frameworks, and improving coordination amongst international partners ex post and ex ante.

Large-scale Disasters Lessons Learned

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264020209
Total Pages : 95 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Large-scale Disasters Lessons Learned by : OECD

Download or read book Large-scale Disasters Lessons Learned written by OECD and published by OECD Publishing. This book was released on 2004-04-16 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: The September 11th terrorist attacks, the Chernobyl nuclear accident, Hurricane Andrew and the Kobe earthquake are all recent examples of large-scale disasters that have taken a massive toll in human lives, wealth and property. They have disrupted ...

Growth at Risk from Natural Disasters

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Publisher : International Monetary Fund
ISBN 13 : 1513597655
Total Pages : 25 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Growth at Risk from Natural Disasters by : Mr. Tamim Bayoumi

Download or read book Growth at Risk from Natural Disasters written by Mr. Tamim Bayoumi and published by International Monetary Fund. This book was released on 2021-09-17 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper analyzes the impact of natural disasters on per-capita GDP growth. Using a quantile regressions and growth-at-risk approach, the paper examines the impact of disasters and policy choices on the distribution of growth rather than simply its average. We find that countries that have in place disaster preparedness mechanisms and lower public debt have lower probability of witnessing a significant drop in growth as a consequence of a natural disaster, but our innovative methodology in this paper finds that the two policies are complements since their effectiveness vary across different disaster scenarios. While both are helpful for small to mid-size disasters, lower debt—and hence more fiscal space—is more beneficial in the face of very large disasters. A balanced strategy would thus involve both policies.

Policy Issues in Insurance Financial Management of Large-Scale Catastrophes

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Author :
Publisher : OECD Publishing
ISBN 13 : 9789264040786
Total Pages : 312 pages
Book Rating : 4.0/5 (47 download)

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Book Synopsis Policy Issues in Insurance Financial Management of Large-Scale Catastrophes by : OECD

Download or read book Policy Issues in Insurance Financial Management of Large-Scale Catastrophes written by OECD and published by OECD Publishing. This book was released on 2008-09-30 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains three reports focusing on different institutional approaches to the financial management of large-scale catastrophes, the role of risk mitigation and insurance in reducing the impact of natural disasters, and the importance of strategic leadership in the management of crises.

Realising the 'Triple Dividend of Resilience'

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Author :
Publisher : Springer
ISBN 13 : 3319406949
Total Pages : 186 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Realising the 'Triple Dividend of Resilience' by : Swenja Surminski

Download or read book Realising the 'Triple Dividend of Resilience' written by Swenja Surminski and published by Springer. This book was released on 2016-11-25 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why aren’t we investing more in disaster resilience, despite the rising costs of disaster events? This book argues that decision-makers in governments, businesses, households, and development agencies tend to focus on avoiding losses from disasters, and perceive the return on investment as uncertain – only realised if a somewhat unlikely disaster event actually happens. This book develops a new business case for investment based on the multiple dividends of resilience. This looks beyond only avoided losses (the first dividend) to the wider benefits gained independently of whether or not the disaster event occurs. These include unleashing entrepreneurial activities and productive investments by lowering the looming threat of losses from disasters and enabling businesses, farmers and homeowners to take positive risks (the second dividend); and co-benefits of resilience measures beyond just disaster risk (the third dividend), such as flood embankments in Bangladesh that double as roads, or wetlands in Colombo that reduce urban heat extremes.

Managing Disaster Risk in Emerging Economies

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Publisher : World Bank Publications
ISBN 13 : 9780821347263
Total Pages : 212 pages
Book Rating : 4.3/5 (472 download)

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Book Synopsis Managing Disaster Risk in Emerging Economies by : Alcira Kreimer

Download or read book Managing Disaster Risk in Emerging Economies written by Alcira Kreimer and published by World Bank Publications. This book was released on 2000-01-01 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1999 natural catastrophes and man-made disasters claimed more than 105,000 lives, 95 percent of them in the developing world, and caused economic losses of around US$100 billion. In 1998 the twin disasters of the Yangtze and Hurrican Mitch accounted for two-thirds of the US$65 billion loss. The geographical areas affected may vary, but one constant is that the per capita burden of catastrophic losses is dramatically higher in developing countries. To respond to an increased demand to assist disaster rcovery programmes, the World Bank set up the Disaster Management Facility in 1998, to help provide the Bank with a more rapid and strategic response to disaster emergencies. The DMF focuses on risk identification, risk reduction, and risk sharing/transfer, the three major topics in this volume. The DMF also promotes strategic alliances with key private, government, multilateral and nongovernmental organisations to ensure the inclusion of disaster risk reduction as a central value of development. The most important of these partnerships is the ProVention Consortium, launched in February 2000, based on the premise that we must all take responsibility for making the new millennium a safer one.