Macroeconomic Implications of Natural Disasters in the Caribbean /

Each year natural disasters affect about 200 million people and cause about USD 50 billion in damage. This paper compares the incidence of natural disasters across countries along several dimensions and finds that the relative costs tend to be far higher in developing countries than in advanced econ...

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Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Rasmussen, Tobias
Μορφή: Επιστημονικό περιοδικό
Γλώσσα:English
Έκδοση: Washington, D.C. : International Monetary Fund, 2004.
Σειρά:IMF Working Papers; Working Paper ; No. 2004/224
Διαθέσιμο Online:Full text available on IMF
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Each year natural disasters affect about 200 million people and cause about USD 50 billion in damage. This paper compares the incidence of natural disasters across countries along several dimensions and finds that the relative costs tend to be far higher in developing countries than in advanced economies. The analysis shows that small island states are especially vulnerable, with the countries of the Eastern Caribbean standing out as among the most disaster-prone in the world. Natural disasters are found to have had a discernible macroeconomic impact, including large effects on fiscal and external balances, pointing to an important role for precautionary measures. 
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