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The Demand For Commodity Insurance By Developing Country Agricultural Producers Theory And An Application To Cocoa In Ghana
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Book Synopsis The demand for commodity insurance by developing country agricultural producers : theory and an application to cocoa in Ghana by : Alexander Sarris
Download or read book The demand for commodity insurance by developing country agricultural producers : theory and an application to cocoa in Ghana written by Alexander Sarris and published by World Bank Publications. This book was released on 2002 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The author considers the benefit to agricultural producers of commodity price insurance that provides in every year-but in advance of the resolution of production and price uncertainty--a minimum price for a fixed or variable portion of production. Under the assumption that producers do not change their long term production and income diversification pattern, the author suggests a theoretical framework that leads to explicit formulas of the benefit in providing this type of insurance. He shows that this benefit depends not only on the actuarially fair insurance premium, but also on household-specific factors that depend on the attitudes to risk, the consumption smoothing parameters, and the household-specific exposures to income risks. The author applies the theoretical framework for Ghana, using the Ghana Living Standards Survey data to specify various classes of cocoa-producing households and monthly price data for both domestic and international prices, to formulate appropriate models for ascertaining price risks faced by producers. The author gives empirical estimates of the actuarially fair premium, and shows that they are smaller than market-based put option prices from organized exchanges. The overall benefit in providing minimum price insurance to households, however, turns out to be substantially higher than the actuarially fair premiums and the market-based put option prices. This is due to both the magnitude of the uncertainties facing the households, as well as their risk and consumption smoothing behavior.
Book Synopsis The Demand for Commodity Insurance by Developing Country Agricultural Producers by : Alexander H. Sarris
Download or read book The Demand for Commodity Insurance by Developing Country Agricultural Producers written by Alexander H. Sarris and published by . This book was released on 2016 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sarris considers the benefit to agricultural producers of commodity price insurance that provides in every year - but in advance of the resolution of production and price uncertainty - a minimum price for a fixed or variable portion of production. Under the assumption that producers do not change their long term production and income diversification pattern, the author suggests a theoretical framework that leads to explicit formulas of the benefit in providing this type of insurance. He shows that this benefit depends not only on the actuarially fair insurance premium, but also on household-specific factors that depend on the attitudes to risk, the consumption smoothing parameters, and the household-specific exposures to income risks. The author applies the theoretical framework for Ghana, using the Ghana Living Standards Survey data to specify various classes of cocoa-producing households and monthly price data for both domestic and international prices, to formulate appropriate models for ascertaining price risks faced by producers. The author gives empirical estimates of the actuarially fair premium, and shows that they are smaller than market-based put option prices from organized exchanges. The overall benefit in providing minimum price insurance to households, however, turns out to be substantially higher than the actuarially fair premiums and the market-based put option prices. This is due to both the magnitude of the uncertainties facing the households, as well as their risk and consumption smoothing behavior.This paper - a product of Rural Development, Development Research Group - is part of a larger effort in the group to analyze mechanisms for risk mitigation in agriculture.
Book Synopsis Aid, Policy, and Growth in Post-conflict Societies by : Paul Collier
Download or read book Aid, Policy, and Growth in Post-conflict Societies written by Paul Collier and published by World Bank Publications. This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries emerging from civil war attract both aid and policy advice. This paper provides the first systematic empirical analysis of aid and policy reform in the post-conflict growth process. It is based on a comprehensive data set of large civil wars and covers 27 countries that were in their first decade of post-conflict economic recovery during the 1990s. The authors first investigate whether the absorptive capacity for aid is systematically different in post-conflict countries. They find that during the first three post-conflict years, absorptive capacity is no greater than normal, but that in the rest of the first decade it is approximately double its normal level. So ideally, aid should phase in during the decade. Historically, aid has not, on average, been higher in post-conflict societies, and it has tended to taper out over the course of the decade. The authors then investigate whether the contribution of policy to growth is systematically different in post-conflict countries, and in particular, whether particular components of policy are differentially important. For this they use the World Bank policy rating database. The authors find that growth is more sensitive to policy in post-conflict societies. Comparing the efficacy of different policies, they find that social policies are differentially important relative to macroeconomic policies. However, historically, this does not appear to have been how policy reform has been prioritized in post-conflict societies.
Book Synopsis The Case for International Coordination of Electricity Regulation by : Antonio Estache
Download or read book The Case for International Coordination of Electricity Regulation written by Antonio Estache and published by World Bank Publications. This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: A decade long experience shows that monitoring the performance of public and private monopolies in South America is proving to be the hard part of the reform process. The operators who control most of the information needed for regulatory purposes have little interest in volunteering their dissemination unless they have an incentive to do so. Estache, Rossi, and Ruzzier argue that, in spite of, and maybe because of, a much weaker information base and governance structure, South America's electricity sector could pursue an approach that relies on performance rankings based on comparative efficiency measures. The authors show that with the rather modest data currently available publicly, such an approach could yield useful results. They provide estimates of efficiency levels in South America's main distribution companies between 1994 and 2000. Moreover, the authors show how relatively simple tests can be used by regulators to check the robustness of their results and strengthen their position at regulatory hearings. This paper"a joint product of the Governance, Regulation, and Finance Division, World Bank Institute, and the Finance, Private Sector, and Infrastructure Unit, Latin America and the Caribbean Region"is part of a larger effort in the institute to increase understanding of infrastructure regulation.
Book Synopsis Decentralized Creditor-led Corporate Restructuring by : Marinela E. Dado
Download or read book Decentralized Creditor-led Corporate Restructuring written by Marinela E. Dado and published by World Bank Publications. This book was released on 2002 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries that have experienced banking crises have adopted one of two distinct approaches toward the resolution of nonperforming assets--a centralized or a decentralized solution. A centralized approach entails setting up a government agency--an asset management company--with the full responsibility for acquiring, restructuring, and selling of the assets. A decentralized approach relies on banks and other creditors to manage and resolve nonperforming assets. Dado and Klingebiel study banking crises where governments adopted a decentralized, creditor-led workout strategy following systemic crises. They use a case study approach and analyze seven banking crises in which governments mainly relied on banks to resolve nonperforming assets. The study suggests that out of the seven cases, only Chile, Norway, and Poland successfully restructured their corporate sectors with companies attaining viable financial structures. The analysis underscores that as in the case of a centralized strategy the prerequisites for a successful decentralized restructuring strategy are manifold. The successful countries significantly improved the banking system's capital position, enabling banks to write down loan losses; banks as well as corporations had adequate incentives to engage in corporate restructuring; and ownership links between banks and corporations were limited or severed during crises. This paper--a product of the Financial Sector Operations and Policy Department--is part of a larger effort in the department to examine the resolution of financial crises.
Book Synopsis Relative Returns to Policy Reform by : Alexandre Samy de Castro
Download or read book Relative Returns to Policy Reform written by Alexandre Samy de Castro and published by World Bank Publications. This book was released on 2002 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors aim at contri ...
Book Synopsis Financial globalization : unequal blessings by : Augusto de la Torre
Download or read book Financial globalization : unequal blessings written by Augusto de la Torre and published by World Bank Publications. This book was released on 2002 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: De la Torre, Levy Yeyati, and Schmukler present a framework to analyze financial globalization. They argue that financial globalization needs to take into account the relation between money (particularly in its role as store of value), asset and factor price flexibility, and contractual and regulatory institutions. Countries that have the "blessed trinity" (international currency, flexible exchange rate regime, and sound contractual and regulatory environment) can integrate successfully into the world financial markets. But developing countries normally display the "unblessed trinity" (weak currency, fear of floating, and weak institutional framework). The authors define and discuss two alternative avenues (a "dollar trinity" and a "peso trinity") for developing countries to safely embrace international financial integration while the blessed trinity remains beyond reach. This paper--a product of the Office of the Chief Economist, Latin America and the Caribbean Region, and the Investment Climate Team, Development Research Group--is part of a larger effort in the Bank to assess the implications of financial globalization for emerging economies.
Book Synopsis Telecommunications Sector Reforms in Senegal by : Jean-Paul Azam
Download or read book Telecommunications Sector Reforms in Senegal written by Jean-Paul Azam and published by World Bank Publications. This book was released on 2002 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes Senegal's experience with telecommunications liberalization and privatization. Senegal privatized its incumbent operator in 1997, and granted the newly privatized firm seven years of fixed-line exclusivity while introducing "managed competition" in the cellular market and free competition in value-added services (VAS). By May 2001, two cellular operators, a number of VAS providers, and thousands of retailers operating telecenters had entered the market. Reform has thus significantly changed the landscape of Senegal's telecommunications sector and has brought with it tremendous improvement in sector performance. Between 1997 and 2001, fixed-line telephone penetration grew from 1.32 to 2.45 per hundred people, while mobile penetration skyrocketed from 0.08 to 4.04. But it is still too early to assess the validity of granting fixed-line exclusivity to the incumbent operator. While penetration increased, the operator did not meet objectives regarding rural telephony. Moreover, fixed-line penetration increased in areas where the operator faced competition from a mobile provider. This paper--a product of Regulation and Competition Policy, Development Research Group--is part of a larger effort in the group to promote telecommunications competition, liberalization, and privatization in Africa.
Author :Food and Agriculture Organization of the United Nations. Trade and Markets Division Publisher :FAO ISBN 13 : Total Pages :308 pages Book Rating :4.3/5 (91 download)
Book Synopsis Governance, Coordination and Distribution Along Commodity Value Chains by : Food and Agriculture Organization of the United Nations. Trade and Markets Division
Download or read book Governance, Coordination and Distribution Along Commodity Value Chains written by Food and Agriculture Organization of the United Nations. Trade and Markets Division and published by FAO. This book was released on 2007 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: Significant changes are taking place in the value chain for many agricultural commodities, particularly those fresh products destined for supermarket shelves. The changing patterns of these value chains in agriculture affect equity between producers and buyers and equity among producers themselves, alter the allocation of resources in agriculture and have implications for domestic as well as international policy. This set of workshop proceedings is published to assist in the understanding and analysis of the implications of these developments, particularly the development of market power among the participants in these markets.
Book Synopsis An Assessment of Telecommunications Reform in Developing Countries by : Carsten Fink
Download or read book An Assessment of Telecommunications Reform in Developing Countries written by Carsten Fink and published by . This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Rural Household Vulnerability and Insurance Against Commodity Risks by : Luc J. Christiaensen
Download or read book Rural Household Vulnerability and Insurance Against Commodity Risks written by Luc J. Christiaensen and published by Food & Agriculture Org.. This book was released on 2007 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report has two objectives. It assesses the nature and the extent of vulnerability among rural households in Tanzania with a particular focus on smallholder cash crop growers though exploring all risks, including the decline in commodity prices. It further explores the potential role for market based insurance schemes such as commodity price and weather based insurance to mitigate household vulnerability. The empirical analysis is based on two rounds of specifically designed representative surveys of farm households in Kilimanjaro and Ruvuma, two cash crop growing regions in the United Republic of Tanzania in 2003 and 2004. The contrasting experiences of a richer (Kilimanjaro) and a poorer (Ruvuma) region substantially enriches the policy guidance emerging from the report. The report applies descriptive, econometric and contingent valuation techniques to achieve its objectives.
Book Synopsis World Bank Research Program by : World Bank
Download or read book World Bank Research Program written by World Bank and published by . This book was released on 2002 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis World Bank Policy Research Bulletin by : World Bank
Download or read book World Bank Policy Research Bulletin written by World Bank and published by . This book was released on 1999 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Demand for Rainfall-index Based Insurance by : Nancy A. McCarthy
Download or read book Demand for Rainfall-index Based Insurance written by Nancy A. McCarthy and published by Intl Food Policy Res Inst. This book was released on 2003 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Political Economy of Fiscal Policy and Economic Management in Oil-exporting Countries by : Benn Eifert
Download or read book The Political Economy of Fiscal Policy and Economic Management in Oil-exporting Countries written by Benn Eifert and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A Poverty Analysis Macroeconomic Simulator (PAMS) Linking Household Surveys with Macro-models by : Luiz A. Pereira da Silva
Download or read book A Poverty Analysis Macroeconomic Simulator (PAMS) Linking Household Surveys with Macro-models written by Luiz A. Pereira da Silva and published by . This book was released on 2002 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Food Security by : Basudeb Guha-Khasnobis
Download or read book Food Security written by Basudeb Guha-Khasnobis and published by Oxford University Press, USA. This book was released on 2007-12-20 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Result of a joint project meeting between UNU-WIDER and the Indian Council of Social Science Research (ICSSR), with research contributions from the Food and Agriculture Organization of the United Nations (FAO)
