Pesquisa de referências

Strengthening local credit markets through lender-level index insurance

Recurso electrónico / Electronic resource
Registro MARC
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.
24510‎$a‎Strengthening local credit markets through lender-level index insurance‎$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
7730 ‎$w‎MAP20077000727‎$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