The COVID-19 pandemic has badly affected economic activities. In emerging Asia, where small family businesses play central roles in their economies, previous studies found that the sector was hit particularly hard by the pandemic. However, little is known about how households have mitigated the...

After the tsunami in Aceh, Indonesia, the recovery of fishing was limited while non-fishing sectors temporarily expanded. This paper shows that fishermen's ex-post labor supply responses continued to be constrained by the provision of low quality production assets. The average fishing...

This paper presents empirical evidence of the profound and long-term damages from adverse natural events on poverty. It analyzes 30 years of macro-level damage data from disasters (including earthquakes, floods, and storms), according to income groups, and shows that low-income countries incur...

This paper analyses the evolution of the safety and soundness of the European banking sector during the various stages of the Basel process of capital regulation. In the first part we document the evolution of various measures of systemic risk as the Basel process unfolds. Most strikingly, we...