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Given the role of agriculture sector in an economy and its vulnerability in terms of disasters, direct monetary transfers are paid from tax-payers to agriculture producers in many countries. Government policies are expected not only to provide higher and more stable income to producers but also to create incentives to attract rural households to continue farming. Nevertheless, these policies have...
Major catastrophic experiences since the 1990s and the rise in both frequency and severity of natural hazards have resulted in widespread concern about the financial management of disaster risk. Alternative risk transfer approaches have been designed to support the insurance industry in capping and insurability issues, among which capital markets as well as governments are expected to contribute....
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