Borensztein, Eduardo
[Verfasser:in]
;
Cavallo, Eduardo A.
[Sonstige Person, Familie und Körperschaft];
Valenzuela, Patricio
[Sonstige Person, Familie und Körperschaft]
Erschienen in:IMF Working Papers, Vol. , pp. 1-26, 2008
Umfang:
1 Online-Ressource (28 p)
Sprache:
Nicht zu entscheiden
DOI:
10.2139/ssrn.1096868
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2008 erstellt
Beschreibung:
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 US $120 million per year