Premium
Using Index‐Based Risk Transfer Products to Facilitate Micro Lending in Peru and Vietnam
Author(s) -
Skees Jerry R.,
Hartell Jason,
Murphy Anne G.
Publication year - 2007
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.1111/j.1467-8276.2007.01093.x
Subject(s) - order (exchange) , management , vice president , index (typography) , political science , library science , economic history , economics , finance , computer science , world wide web
This article focuses on two technical assistance projects using aggregate index-based risk transfer products (IBRTPs) to transfer significant natural disaster risks, which affect agricultural production over wide regions. The issue in Peru is El Nino events that cause flooding in the northern regions, and in Vietnam, early flooding occurring in the Mekong Delta. These and other countries are constantly faced with how to deal with major natural disasters. When considering how the costs of natural disasters are internalized, it is important to look at institutional arrangements, particularly in the financial sector.