In this paper we study how differences in the quality of countries' institutions affect the impact of natural hazards in these countries. To do so, we first build a new data set that allows us to adequately control for countries' development and geological characteristics and, importantly,...

In this paper we study how differences in the quality of countries' institutions affect the impact of natural hazards in these countries. To do so, we first build a new data set that allows us to adequately control for countries' development and geological characteristics and, importantly,...

We investigate the deterrence effects of a firm-targeted sanction and a politician-targeted sanction deployed by Mainland China against Taiwan to deter support for “Taiwan Independence”. In the short-run, we find that the signal sent by the targeted sanctions generated deterrence to firms...

Using earthquakes as exogenous demand shocks to the credit market, we explore whether fintech lending can complement traditional banks in face of surged credit demand under a continuous difference-in-differences framework. We find that fintech loans increases significantly after earthquakes,...

This paper examines the impact of long-run earthquake experiences on banks’ business practices. Using earthquake and bank branch data for California, we find that banks that have had more intense experiences change their business practices: they have a smaller exposure to real estate and...

Using earthquakes as exogenous demand shocks to the credit market, we find that fintech lending complements traditional banks in meeting surged demand under a continuous difference-in-differences framework. We show that fintech loans increase significantly after earthquakes, but the acceptance...

In this paper we study how differences in the quality of countries’ institutions affect the impact of natural hazards in these countries. To do so, we first build a new data set that allows us to adequately control for countries’ development and geological characteristics and,...

This paper examines the impact of long-run earthquake experiences on banks’ business practices. Using earthquake and bank branch data for California, we find that banks that have had more intense experiences change their business practices: they have a smaller exposure to real estate and...