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

29.07.2014 502 views Download :

Poor households with little or no wealth are particularly vulnerable to risks that reduce incomes and increase expenditures. This paper 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. 

Author: Jerry Skees, Panos Varangis, Donald Larson, and Paul Siegel 

Country: USA

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

29.07.2014 502 views

Poor households with little or no wealth are particularly vulnerable to risks that reduce incomes and increase expenditures. This paper 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. 

Author: Jerry Skees, Panos Varangis, Donald Larson, and Paul Siegel 

Country: USA

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