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Macroeconomic implications of natural disasters in the Caribbean

Author: Tobias Rasmussen; International Monetary Fund. Western Hemisphere Department,
Publisher: [Washington, D.C] : International Monetary Fund, ©2004.
Series: IMF working paper, WP/04/224.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Each year natural disasters affect about 200 million people and cause about $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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Rasmussen, Tobias.
Macroeconomic implications of natural disasters in the Caribbean.
[Washington, D.C] : International Monetary Fund, ©2004
(OCoLC)59992262
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Tobias Rasmussen; International Monetary Fund. Western Hemisphere Department,
ISBN: 128254201X 9781282542013 9781451875355 1451875355 9781451919950 1451919956
OCLC Number: 646880552
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (24 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/04/224.
Responsibility: prepared by Tobias N. Rasmussen.

Abstract:

Each year natural disasters affect about 200 million people and cause about $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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