Abstract

The Disaster Deficit Index (DDI) measures macroeconomic and financial risk in a country according to possible catastrophic scenario events. Extreme disasters can generate financial deficit due to sudden and elevated need of resources to restore affected inventories. The DDI captures [...]

Abstract

The Disaster Deficit Index (DDI) measures country risk from a macroeconomic and financial perspective, according to possible catastrophic events. The DDI captures the relationship between the demand for contingent resources to cover the maximum probable losses and the public sector’s [...]

Abstract

Understanding probable losses and reconstruction costs due to earthquakes creates powerful incentives for countries to develop planning options and tools to cope with risk, including allocating the sustained budgetary resources necessary to reduce those potential damages and safeguard [...]