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Why Sovereign Wealth Funds for Disaster Resilience in the Pacific?

Taupo, Tauisi (2018) Why Sovereign Wealth Funds for Disaster Resilience in the Pacific? USP School of Economics Working Paper Series, Suva, Fiji. (Unpublished)

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    Abstract

    This paper examines the important role that can be played by sovereign wealth funds (SWFs) in financing of disaster risk management. Governments of Tuvalu and Kiribati are predicting future climate and disaster risks to impose increasing financial pressure. Having the required financial response in the aftermath of disasters, such as cyclones, is of crucial importance to these low-lying atoll nations. We examine and forecast the long-term sustainability and feasibility of SWFs to contribute into ex-post disaster risk management by employing an Auto-Regressive Integrated Moving Average (ARIMA) model using SWFs data and calculated likely costs for disasters by the Pacific Catastrophe Risk Assessment and Financing Initiative (PCRAFI) as our appropriate levels of financial support for expected disasters in Tuvalu and Kiribati.

    Item Type: Other
    Subjects: H Social Sciences > H Social Sciences (General)
    H Social Sciences > HG Finance
    Divisions: Faculty of Business and Economics (FBE) > School of Economics
    Depositing User: Tauisi Taupo
    Date Deposited: 05 Mar 2019 11:39
    Last Modified: 05 Mar 2019 11:39
    URI: http://repository.usp.ac.fj/id/eprint/11270
    UNSPECIFIED

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