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  • 1
    Online Resource
    Online Resource
    Sovereign Natural Disaster Insurance For Developing Countries : A Paradigm Shift In Catastrophe Risk Financing (2007)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (1 online resource (26 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ghesquiere, Francis Sovereign Natural Disaster Insurance For Developing Countries
    Keywords: Banks and Banking Reform ; Debt Markets ; Developing Countries ; Environment ; Expenditures ; Finance and Financial Sector Development ; Hazard Risk Management ; Insurance ; Insurance and Risk Mitigation ; Long-term resource ; Natural Disaster ; Natural Disasters ; Private investors ; Public investment ; Risk Management ; Safety Net ; Tax ; Urban Development ; Banks and Banking Reform ; Debt Markets ; Developing Countries ; Environment ; Expenditures ; Finance and Financial Sector Development ; Hazard Risk Management ; Insurance ; Insurance and Risk Mitigation ; Long-term resource ; Natural Disaster ; Natural Disasters ; Private investors ; Public investment ; Risk Management ; Safety Net ; Tax ; Urban Development ; Banks and Banking Reform ; Debt Markets ; Developing Countries ; Environment ; Expenditures ; Finance and Financial Sector Development ; Hazard Risk Management ; Insurance ; Insurance and Risk Mitigation ; Long-term resource ; Natural Disaster ; Natural Disasters ; Private investors ; Public investment ; Risk Management ; Safety Net ; Tax ; Urban Development
    Abstract: Economic theory suggests that countries should ignore uncertainty for public investment and behave as if indifferent to risk because they can pool risks to a much greater extent than private investors can. This paper discusses the general economic theory in the case of developing countries. The analysis identifies several cases where the government's risk-neutral assumption does not hold, thus making rational the use of ex ante risk financing instruments, including sovereign insurance. The paper discusses the optimal level of sovereign insurance. It argues that, because sovereign insurance is usually more expensive than post-disaster financing, it should mainly cover immediate needs, while long-term expenditures should be financed through post-disaster financing (including ex post borrowing and tax increases). In other words, sovereign insurance should not aim at financing the long-term resource gap, but only the short-term liquidity need
    URL: Volltext  (Deutschlandweit zugänglich)
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    MPI Ethno. Forsch.
  • 2
    Online Resource
    Online Resource
    Detecting Urban Clues for Road Safety : Leveraging Big Data and Machine Learning (2021)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Economic and Sector Work Reports
    Abstract: Transportation services and infrastructure connect people, businesses, and places. They allow citizens to access opportunities, such as jobs, education, health services, recreation, and enable the movement and distribution of goods. As a result, transport services and infrastructure are key to the economic development of cities and regions. The purpose of this guidance note is to provide concrete guidance on how big data and machine learning (ML) can be leveraged in road safety analysis. The document presents opportunities to use these new technologies to improve current methods for data collection and analysis for various road safety assessments. This guidance note provides a practical guide for using new data sources and analytical methods for road safety analysis in different types of projects that may impact road infrastructure or risk-related factors. This document consists of three parts. Part 1 provides an overview of existing approaches and tools for road safety assessment and identifies opportunities to improve these using new technologies such as big data and ML. Part 2 provides an overview of these new technologies and concrete guidance on how they can be integrated into transport projects for road safety analysis. Part 3 presents case studies on two regions of interest - Bogota, Colombia and Padang, Indonesia to demonstrate how ML can be implemented to evaluate road safety. The document concludes with recommendations for using big data and ML in road safety assessments in the future
    DOI: 10.1596/37029
    URL: Deutschlandweit zugänglich
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    MPI Ethno. Forsch.
  • 3
    Online Resource
    Online Resource
    Earthquake vulnerability reduction program in Colombia : a probabilistic cost-benefit analysis (2006)
    [Washington, D.C] : World Bank
    Details
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3939
    Parallel Title: Ghesquiere, Francis Earthquake vulnerability reduction program in Colombia
    Keywords: Cost effectiveness ; Earthquakes ; Risk ; Cost effectiveness ; Earthquakes ; Risk
    Abstract: "Cost-benefit analysis is a standard tool for determining the efficiency of planned projects. But one of the major difficulties in risk mitigation investments is that benefits are by nature uncertain. In this context, the standard approach relying on the average value of benefits may provide an incomplete picture of the efficiency of the risk mitigation project under consideration. This paper presents a probabilistic cost-benefit analysis relying on a catastrophe risk model. It produces risk metrics such as the exceedance probability curve of the benefit-cost ratio, thus providing the decisionmaker with a more complete risk analysis of the net benefits of the project. This is illustrated with the earthquake vulnerability reduction project in Colombia. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/30/2006 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
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  • 4
    Online Resource
    Online Resource
    Financial protection of the state against natural disasters : a primer (2010)
    Washington, D.C : The World Bank
    Details
    Language: English
    Pages: Online-Ressource (26 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Mahul, Olivier Financial protection of the state against natural disasters
    Abstract: This paper has been prepared for policy makers interested in establishing or strengthening financial strategies to increase the financial response capacity of governments of developing countries in the aftermath of natural disasters, while protecting their long-term fiscal balances. It analyzes various aspects of emergency financing, including the types of instruments available, their relative costs and disbursement speeds, and how these can be combined to provide cost-effective financing for the different phases that follow a disaster. The paper explains why governments are usually better served by retaining most of their natural disaster risk while using risk transfer mechanisms to manage the excess volatility of their budgets or access immediate liquidity after a disaster. Finally, it discusses innovative approaches to disaster risk financing and provides examples of strategies that developing countries have implemented in recent years
    DOI: 10.1596/1813-9450-5429
    URL: Volltext  (Deutschlandweit zugänglich)
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    MPI Ethno. Forsch.
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