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Insuring Public Finances Against Natural Disasters : A Survey of Options and Recent Initiatives

Insuring Public Finances Against Natural Disasters : A Survey of Options and Recent Initiatives »

Journal Issue

Volume/Issue: 2006/199

Series: IMF Working Papers

Author(s): David Hofman , and Patricia Brukoff

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 August 2006

DOI: http://dx.doi.org/10.5089/9781451864595.001

ISBN: 9781451864595

Keywords: public finances, disaster, disasters, natural disasters, hurricane, earthquake, Fiscal Policies and Behavior of Economic Agents: General, Economic Development: General,

Natural disasters can put severe strain on public finances, in particular in developing and small countries. But catastrophe insurance markets increasingly offer opportunities for the transfer of such risks. Thus f...

Institutions Rule : The Primacy of Institutions over Integration and Geography in Economic Development

Institutions Rule : The Primacy of Institutions over Integration and Geography in Economic Development »

Journal Issue

Volume/Issue: 2002/189

Series: IMF Working Papers

Author(s): Arvind Subramanian , Francesco Trebbi , and Dani Rodrik

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2002

DOI: http://dx.doi.org/10.5089/9781451859621.001

ISBN: 9781451859621

Keywords: Institutions, integration, geography, equation, statistics, dummy variable, equations, samples, Macroeconomic Analyses of Economic Development, Capitalist Systems: Political Economy

We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results indicate that t...