Catalytic Insurance [electronic resource] : The Case of Natural Disasters / Cordella, Tito.
Why should countries buy expensive catastrophe insurance? Abstracting from risk aversion or hedging motives, this paper shows that catastrophe insurance may have a catalytic role on external finance. Such effect is particularly strong in those middle-income countries that face financial constraints...
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Full Text (via Open Knowledge Repository) |
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| Other title: | World Bank e-Library. World Bank e-Library. |
| Format: | Electronic eBook |
| Language: | English |
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Washington, D.C. :
The World Bank,
2010.
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| Series: | Policy research working papers.
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