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price, the equilibrium risk-free rate, and risk premia. Climate disasters, which are more likely to occur sooner as … temperature rises, significantly increase risk premia. …
Persistent link: https://www.econbiz.de/10012258563
Credit provides a means for uninsured households and businesses to manage disaster losses, but access to credit may be … demonstrate pervasive disaster-related credit supply shocks in developing and emerging economies and identify new insurance market …
Persistent link: https://www.econbiz.de/10012967533
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...
Persistent link: https://www.econbiz.de/10014440762
disaster in Brazil to date. We quantify the negative externalities using rich, identified, and comprehensive data from firm … disaster. Effects are driven by municipalities where the river shore is larger relative to the farming area. In these … non-formal and high-risk workers. Thus, water contamination led to (first) production and (later) consumption decline with …
Persistent link: https://www.econbiz.de/10014540608
Little is known about how affected residents are able to cope with the financial shock of a natural disaster. We … larger reductions in total debt. Lower debt levels appear to be driven by homeowners using flood insurance to repay their …
Persistent link: https://www.econbiz.de/10013030679
In 2011, Thailand experienced its worst flood ever. Using repeated waves of the Thai Household Survey, we analyse the … flood's economic impacts. In 2012, households answered a set of questions on the extent of flooding they experienced. We use … this self-identified flood exposure, and external exposure indicators from satellite images, to identify both directly …
Persistent link: https://www.econbiz.de/10012022180
lower capacity, to lend to a region following a destructive event such as a natural disaster. We test whether there are … differences in post-disaster credit allocation and regional redevelopment based on the concentration of local banking at the time …
Persistent link: https://www.econbiz.de/10015053797
channel through which natural disaster shocks transmit to the real economy …
Persistent link: https://www.econbiz.de/10014350288
the occurrence of a natural disaster, the reconstruction can be financed with catastrophe bonds (CAT bonds) or reinsurance … basis risk borne by the sponsor while still preserving a non-indemnity trigger mechanism. Our results indicate that the …
Persistent link: https://www.econbiz.de/10003633993
Persistent link: https://www.econbiz.de/10011812527