Showing 1 - 10 of 27,208
Persistent link: https://www.econbiz.de/10014227373
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
This paper reviews the effect of environmental disasters on migration. Although there is an increase of environmental … disasters and migration over the past years, the relationship is complex. While some authors find that environmental disasters …
Persistent link: https://www.econbiz.de/10011346755
We analyze the way in which Latin American countries have adjusted to commodity terms of trade (CTOT) shocks in the 1970-2007 period. Specifically, we investigate the degree to which the active management of international reserves and exchange rates impacted the transmission of international...
Persistent link: https://www.econbiz.de/10009388370
and economic exogeniety of windstorms-hurricanes and typhoons-and earthquakes this paper assess the often contrasting …
Persistent link: https://www.econbiz.de/10012753241
We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two … databases covering 99 percent of the global population, we find that natural hazard disasters were more then 20 times more … cross-peril difference was in Asia, where natural hazard disasters took 324 million Lifeyears, while terrorism took ten …
Persistent link: https://www.econbiz.de/10013337593
Climate change poses an existential threat to the global economy. While there is a growing body of literature on the economic consequences of climate change, research on the link between climate change and sovereign default risk is nonexistent. We aim to fill this gap in the literature by...
Persistent link: https://www.econbiz.de/10013252051
We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...
Persistent link: https://www.econbiz.de/10011568741
We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...
Persistent link: https://www.econbiz.de/10012965714
indicates that the main underlying channel is a shock on families' wealth. -- child development ; natural disaster ; wealth … and education of a specific shock: housing damages caused by a super typhoon. Our results reveal negative effects on … shock …
Persistent link: https://www.econbiz.de/10009722391