01719cas a2200241 a 4500 AALejournalIMF003282 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875355 1018-5941 BD-DhAAL BD-DhAAL Rasmussen, Tobias. Macroeconomic Implications of Natural Disasters in the Caribbean / Tobias Rasmussen. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (25 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Each year natural disasters affect about 200 million people and cause about USD 50 billion in damage. This paper compares the incidence of natural disasters across countries along several dimensions and finds that the relative costs tend to be far higher in developing countries than in advanced economies. The analysis shows that small island states are especially vulnerable, with the countries of the Eastern Caribbean standing out as among the most disaster-prone in the world. Natural disasters are found to have had a discernible macroeconomic impact, including large effects on fiscal and external balances, pointing to an important role for precautionary measures. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2004/224 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/224/001.2004.issue-224-en.xml IMF e-Library