disaster area. We find robust evidence that banks charge significantly higher loan spreads for firms located in the … neighborhood of the disaster area than for remote firms. The results are not driven by regional spillovers, limited credit supply … their clients’ natural disaster risk …

accidents worldwide over the period 1995-2016. A quarter of the accidents were the result of a natural disaster, such as … their market value of 0.89% on the day of a disaster. However, we observe a significantly stronger response of the stock … the stock market reaction following a disaster …

The welfare impact of a disaster does not depend only on the physical characteristics of the event or its direct … reduce direct impacts (disaster risk reduction actions) and measures to reduce indirect impacts (resilience building actions) …

The welfare impact of a disaster does not depend only on the physical characteristics of the event or its direct … reduce direct impacts (disaster risk reduction actions) and measures to reduce indirect impacts (resilience building actions) …

less resilient ones, reflecting their lower exposure to disaster risk. Hence, going forward, markets appear to price …

This paper develops a rare disaster asset pricing model with EZ preferences, in particular including the impact of … macroeconomic consequences of the COVID-19 disaster. I estimate the probability of disaster, disaster states, and the duration of … disaster to shed light on the frequency and size of this disaster and to obtain the macroeconomic sensitivity to COVID-19 as …