Strengthening local credit markets through lender-level index insurance
Contenido multimedia no disponible por derechos de autor o por acceso restringido. Contacte con la institución para más información.
| Tag | 1 | 2 | Valor |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20200015826 | ||
| 003 | MAP | ||
| 005 | 20200508140922.0 | ||
| 008 | 200508e20200601usa|||p |0|||b|eng d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a6 | ||
| 100 | $0MAPA20200010890$aCollier, Benjamin L. | ||
| 245 | 1 | 0 | $aStrengthening local credit markets through lender-level index insurance$cBenjamin L. Collier |
| 520 | $aThis article considers lender-level index insurance as a means of expanding access to credit in disaster-prone communities. In this approach, the lender transfers the disaster risk of loans in its portfolio by contracting on an observable measure of the catastrophe. I develop and calibrate a dynamic, stochastic model using data from a community lender in Peru that is vulnerable to El Niñorelated flooding. The modeled lender can insure against El Niño using an index-based product that is available for purchase by financial intermediaries in Peru. I examine how premium rates, basis risk, and background risk may influence the lender's insurance decision and credit supply. Overall, the results suggest that lender-level index insurance holds promise for reducing disaster-related credit supply shocks and expanding credit access in vulnerable communities. | ||
| 650 | 4 | $0MAPA20080582586$aSeguro de crédito | |
| 650 | 4 | $0MAPA20080612429$aRiesgos extraordinarios | |
| 650 | 4 | $0MAPA20080615673$aTransferencia de riesgos | |
| 650 | 4 | $0MAPA20080586447$aModelo estocástico | |
| 650 | 4 | $0MAPA20080562922$aInundaciones | |
| 773 | 0 | $wMAP20077000727$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964-$x0022-4367$g01/06/2020 Volumen 87 Número 2 - junio 2020 , p. 319-349 |