The standard approach to 'nowcast' disaster impacts, which relies on risk models, does not typically account for the compounding impact of various hazard phenomena (e.g., wind and rainfall associated with tropical storms). The alternative, traditionally, has been a team of experts sent to the...

The Disaster Resilient and Responsive Public Financial Management (DRR-PFM) Assessment is designed to help countries strengthen the capability of their Public Financial Management (PFM) systems to prepare for, respond to, and recover from disasters. The DRR-PFM Assessment expands upon an...

The Disaster Resilient and Responsive Public Financial Management (DRR-PFM) Assessment is designed to help countries strengthen the capability of their Public Financial Management (PFM) systems to prepare for, respond to, and recover from disasters. The DRR-PFM Assessment expands upon an...

Hurricanes are among the costliest natural disasters in the world, with a significant portion of their impact linked to the accuracy of their forecasts. In this paper, we estimate the economic impacts of the official hurricane forecasts in the US and develop a new approach for measuring the...

This paper studies the short-term impact of a volcano eruption on tourism demand, supply, and hospitality labour in La Palma (Spain), an island economy that is highly dependent on the tourism sector. Based on a monthly panel dataset at the touristic zone level, we use SeeminglyUnrelated...

This document outlines institutional and methodological recommendations proposes six methodological steps for measuring indicators for the disaster-related Sustainable Development Goals (SDG) and the Sendai Framework for Disaster Risk Reduction and defines a number of global, regional and...

This study presents a gender-specific assessment of medium-term disaster recovery following a series of earthquakes in Indonesia's Aceh Province on 7 December 2016. For this assessment, we combine the village-level nighttime radiance data obtained from the Visible Infrared Imaging Radiometer...

Combining a rich database on natural hazards, granular flood risk maps and detailed information on firm geolocalisation, we study the dynamic impacts of floods on European manufacturing firms during the period 2007-2018. We find that water damages significantly and persistently worsen firm...

Disasters often have a decisive role in undermining household well-being. But specific outcomes diverge widely across different households and communities, due to dissimilar characteristics within the affected population, as well as disparities in disaster typology, severity, and scale. The...

This paper develops an economic framework for analyzing and estimating the behavioral effects of disasters and their consequences for disaster losses. The reduction of these losses represents some of the benefits of pre-disaster mitigation and post-disaster recovery. We provide definitions,...

While climate change impacts most regions, a company’s physical location and geographical diversification could determine how it is affected by the risks associated with climate change. We explore information from extreme climate events to study if and how they impact firm-level risk. The...

The prices of long-dated inflation swap contracts provide a much-used estimate of expected inflation at far horizons. This paper develops the methods to estimate complementary tail probabilities for persistently very high or very low inflation using the prices of inflation options. For the...

The Messina-Reggio Calabria Earthquake (1908) was the most devastating natural disaster in modern European history. It occurred when overseas mass emigration from southern Italy was at its peak and international borders were open, making emigration a readily available option for relief. We use...

In this paper, we try to cover a whole range of polices and schemes that have been undertaken in Indiato finance disaster risk resilience (DRR). This paper tries to emphasise the importance of DRR in dealing with natural catastrophesby integrating DRR and climate change adaptation strategies for...

This paper investigates the critical role of religion in the economic recovery after high-impact natural disasters. Exploiting the 2005 hurricane season in the southeast United States, we document that establishments in counties with higher religious adherence rates saw a significantly stronger...

COVID-19 has demonstrated the challenges that policymakers, insurers, businesses, and employees face when disaster assistance programs are developed after the pandemic has already started. There is now an opportunity to design and implement effective and efficient solutions to manage the...

The recent literature on the determinants of populism has highlighted the role of long-term trends of progressive isolation and prolonged economic stagnation in engendering discontent and, in turn, demand for political change. We investigate, instead, the potential of unanticipated local shocks...

As the severity and frequency of natural disasters become more pronounced with climate change and the increased habitation of at-risk areas, it is important to understand people's resilience to them. We quantify resilience by estimating how natural disasters in the US impacted individual...

There are multidimensional short- and long-term impacts of disasters (natural and man-made) on human well-being. Despite this, restitution strategies have predominantly relied on asset-based approaches to measure disaster losses and craft such strategies. There is a growing realization that for...

This paper studies the relationship between natural disasters and economic growth in the disaster-prone country of Iran, using a spatial Durbin panel model and covering the time period from 2010 to 2016 and including 29 provinces. The results of the empirical investigation suggest that there is...

Tropical Cyclone (TC) Seroja impacted Timor-Leste with heavy torrential rains over a 24-hour period on April 4, 2021, with an average intensity of over 14 millimeters per hour and a peak intensity of over 70 millimeters per hour. The heavy precipitation and the country's natural topography led...

Tropical Cyclone (TC) Seroja impacted Timor-Leste with heavy torrential rains over a 24-hour period on April 4, 2021, with an average intensity of over 14 millimeters per hour and a peak intensity of over 70 millimeters per hour. The heavy precipitation and the country's natural topography led...

The Caribbean Disaster Risk Financing (DRF) framework of the World Bank has been collaboratively designed in partnerships with Caribbean Governments and local and international stakeholders. The framework helps consolidate and preserve physical disaster risk reduction measures in countries by...

Objective - The research objective of this paper is to establish an efficient awareness model of emergency supplies dispatching for tropical cyclone disasters, so as to timely deliver emergency supplies to each disaster area at the lowest cost.Methodology/Technique - Taking the disaster caused...

This paper examines to what extent slowdowns in economic growth are compounded by widening fiscal deficits and corresponding pressures on public debt after natural disasters. We rely on ifo GAME database (Felbermayr and Groeschl (2014)) that contains exogenous measures of physical disaster...

We examine how banks respond to large natural disasters when corporate borrowers are located in the neighborhood of the disaster area. We find robust evidence that banks charge significantly higher loan spreads for firms located in the neighborhood of the disaster area than for remote firms. The...

This paper examines the current, lagged, and indirect effects of tropical cyclones on annual sectoral growth worldwide. The main explanatory variable is a new damage measure for local tropical cyclone intensity based on meteorological data weighted for individual sectoral exposure, which is...

Disaster is an event that shapes our future. During a disaster, it affects lives, infrastructures, livestock and produce, and we can only adapt to it. The aim of this study is to analyze disaster awareness and level of compliance to disaster programs of selected individuals in a highly urbanized...

Vulnerability drives disaster law—defining its successes and illustrating its failures. Although understanding vulnerability is critical to disaster law and scholarship, the literature lacks both an overarching analysis of the different aspects of vulnerability and a nuanced examination of the...

Critical infrastructure and public utility systems are often severely damaged by natural disasters like hurricanes. Based on a framework of household disaster resilience, this paper focuses on the role of utility disruption on household-level recovery in the context of Hurricane Sandy. Using...

In February 2002, the banking industry and its regulators were shaken by the revelation by the Allied Irish Bank (AIB) that a trader at one of its subsidiaries, Allfirst Bank, had incurred financial losses of almost $700 million. Similarities between Allfirst and the sudden collapse of Barings...

This study explores the link between exposure to an earthquake and the incidence of intimate partner violence using two rounds of Demographic and Health Surveys data in Nepal. Using a differences-in-differences estimation, we find that exposure to the earthquake lead to a statistically and...

This case study is for business students, who are taking a class in Disaster Recovery from an internet securities perspective. It is recommended that the students should have been exposed to the issues of disaster recovery (DR), recovery plans, business criticality, business tolerance, computer...