Chantarat, Sommarat; Barrett, Christopher B.; Mude, Andrew; Turvey, Calum G
How donors and operational agencies might use weather index insurance for famine prevention, enumerate key prospective benefits from such products, and then illustrates the possibilities with an application to the arid lands of northern Kenya has been outlined. Designing weather index insurance to facilitate financing of drought-related humanitarian response appears attractive. Two ways can be done. The first is a simple put option based on cumulative long rains and/or cumulative short...[Show more]
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