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We investigate the uncertainty dynamics surrounding extreme weather events through the lens of option and stock markets by identifying market responses to the uncertainty regarding both potential hurricane landfall and subsequent economic impact. Stock options on firms with establishments...
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different types of disasters, the effect of changing disaster risk so far has largely been neglected. In this paper we study the …
Persistent link: https://www.econbiz.de/10012436249
choice of baseline and of the wind-speed elasticity of storm damage. -- climate change ; tropical storms ; economic impact …
Persistent link: https://www.econbiz.de/10003770272
how disasters affect long-run growth. Based on truly exogenous storm indicators, derived from a meteorological database … protect against storm consequences. We show that the negative growth effects in underdeveloped countries are amplified by an …
Persistent link: https://www.econbiz.de/10011521860
to their asset quality caused by Hurricane Katrina in 2005. We find that independent banks based in the disaster areas …
Persistent link: https://www.econbiz.de/10010498596
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a measure of the post-storm increase in demand for local goods and services on the demand for labor. We find evidence …
Persistent link: https://www.econbiz.de/10013159428
pre-disaster trend, and do not recover within twenty years. Both rich and poor countries exhibit this response, with … suppression of annual growth rates spread across the fifteen years following disaster, generating large and significant cumulative … continuous exposure to disaster. Linking these results to projections of future cyclone activity, we estimate that under …
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