Debt Sustainability under Catastrophic Risk : The Case for Government Budget Insurance /

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has one of the lowest levels of insurance coverage. This paper examines the vulnerability of Belize's public finance to the occurrence of hurri...

Popoln opis

Bibliografske podrobnosti
Glavni avtor: Cavallo, Eduardo
Drugi avtorji: Borensztein, Eduardo, Valenzuela, Patricio
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2008.
Serija:IMF Working Papers; Working Paper ; No. 2008/044
Online dostop:Full text available on IMF
LEADER 01855cas a2200265 a 4500
001 AALejournalIMF009857
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451869064 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Cavallo, Eduardo. 
245 1 0 |a Debt Sustainability under Catastrophic Risk :   |b The Case for Government Budget Insurance /  |c Eduardo Cavallo, Eduardo Borensztein, Patricio Valenzuela. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2008. 
300 |a 1 online resource (26 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has one of the lowest levels of insurance coverage. This paper examines the vulnerability of Belize's public finance to the occurrence of hurricanes and the potential impact of insurance instruments in reducing that vulnerability. The paper finds that catastrophic risk insurance significantly improves Belize's debt sustainability. In addition, the methodology employed makes it possible to estimate the appropriate level of insurance, which for the case of Belize is a maximum coverage of USD 120 million per year. 
538 |a Mode of access: Internet 
700 1 |a Borensztein, Eduardo. 
700 1 |a Valenzuela, Patricio. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/044 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2008/044/001.2008.issue-044-en.xml  |z IMF e-Library