Can Financial Markets be Tapped to Help Poor People Cope with Weather Risks?

Jerry R. Skees, Panos Varangis, Donald Larson () and Paul Siegel

No DP2002-23, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Poor households with little or no wealth are particularly vulnerable to risks that reduce incomes and increase expenditures. This book addresses many of the risk-coping strategies for the rural poor, with a focus on micro level and household actions. Largely, these discussions concern risks that can be shared within a community or extended family. While effective for independent risks, these strategies are rather ineffective for covariate or systemic risks. This paper focuses on private and public mechanisms for managing such covariate risk for natural disasters.

Keywords: Agriculture; Informal sector; Insurance; Natural disasters; Risk management (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (26)

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Working Paper: Can financial markets be tapped to help poor people cope with weather risks ? (2002)
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