TY - JOUR
AU1 - Sommarat Chaniarat
AU2 - Calum G. Turvey
AU3 - Andrew G. Mude
AU4 - Christopher B. Barrett
AB - This paper illustrates how weather derivatives indexed to forecasts of famine can be designed and used by operational agencies and donors to facilitate timely and reliable financing, for effective emergency response to climate‐based, slow‐onset disasters such as drought. We provide a general framework for derivative contracts, especially in the context of index insurance and famine catastrophe bond, and show how they can be used to complement existing tools and facilities in drought risk financing through a risk‐layering strategy. We use the case of arid lands of northern Kenya, where rainfall proves a strong predictor of widespread and severe child wasting, to provide a simple empirical illustration of the potential contract designs.
TI - Improving humanitarian response to slow‐onset disasters using famine‐indexed weather derivatives
JF - Agricultural Finance Review
DO - 10.1108/00214660880001225
DA - 2008-05-05
UR - https://www.deepdyve.com/lp/emerald-publishing/improving-humanitarian-response-to-slow-onset-disasters-using-famine-66VtYhAYrN
SP - 169
EP - 195
VL - 68
IS - 1
DP - DeepDyve
ER -