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response of international reserves to shocks by using a quasi-experimental setup and focusing on earthquakes. The estimation is … done on a panel of 103 countries over the period 1979–2016. We find that in the five years following a large earthquake (i …) countries exposed accumulate reserves, for precautionary reasons, (ii) trade openness is positively associated with the post-earthquake …
Persistent link: https://www.econbiz.de/10013315174
response of international reserves to shocks by using a quasi-experimental setup and focusing on earthquakes. The estimation is … done on a panel of 103 countries over the period 1979–2016. We find that in the five years following a large earthquake (i …) countries exposed accumulate reserves, for precautionary reasons, (ii) trade openness is positively associated with the post-earthquake …
Persistent link: https://www.econbiz.de/10012314919
entire world for the period 1992-2013 we find that earthquakes reduce both light growth rates and light levels significantly …We analyze the impact of earthquakes on nighttime lights at a sub-national level, i.e. on grids of different size. We … argue that existing studies on the impact of natural disasters on economic development have several important limitations …
Persistent link: https://www.econbiz.de/10012892078
This study provides new causal evidence for the impact of a large-scale natural disaster on local economic activity in … to 2020 for 31 provinces and 429 counties to study the impact of the 2003 Bam earthquake in the Iranian Kerman Province … statistically significant boost in economic activity in the years following the earthquake. This increase in local economic activity …
Persistent link: https://www.econbiz.de/10014347828
There has been much interest in the relationship between the price of crude oil, the value of the U.S. dollar, and the U.S. interest rate since the 1980s. For example, the sustained surge in the real price of oil in the 2000s is often attributed to the declining real value of the U.S. dollar as...
Persistent link: https://www.econbiz.de/10012892101
Using quarterly data on four commodity exporting countries, we study the explanatory power of real commodity prices for predicting real effective exchange rates, with special attention to the separate roles of different sectoral commodity prices during alternative time periods. We find that the...
Persistent link: https://www.econbiz.de/10014244327
We derive the optimal exchange rate policy for a small open economy subject to terms-oftrade shocks. Firm owners and workers are risk averse but workers more so. Wages are given or partially indexed in the short run, and capital markets are imperfect. The government sets the exchange rate to...
Persistent link: https://www.econbiz.de/10010261106
We study the differences of currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys. A decomposition exercise reveals that the year 2005 misalignment estimates are substantially affected by the ICP price revision....
Persistent link: https://www.econbiz.de/10010277395
damaged by an unusually destructive earthquake. Almost all of the houses were insured. We ask whether insurance was able to … mitigate the damage adequately, or whether the damage from the earthquake, and the associated insurance payments, led to a … data sets: All housing market transactions, all earthquake insurance claims submitted to the public insurer, and all of the …
Persistent link: https://www.econbiz.de/10012822499
the earthquake’s aftermath. This aid mitigated but could not fully prevent the adverse effects on children’s health and …We assess the impact of the 2010 Haiti earthquake on children’s nutrition and education. We combine geo-coded shaking … intensity data with four waves of the Haiti Demographic Health Survey, two administered before and two after the earthquake. We …
Persistent link: https://www.econbiz.de/10014347786