Introduction: Corruption Consolidation in Local Governments -- Intermittent networks of corruption in real estate developments in a Mexican municipality -- Organizational mechanisms to control the network -- The causes of opacity in local governments -- Fighting corruption intermittently: the...

We study Puerto Rico's experience after the severe hurricane season of 2017 to better understand how extreme weather disasters affect bank stability and their ability to lend. Despite the devastation wrought by two category 5 hurricanes in a single month, we find relatively modest and transitory...