This paper investigates the impact of household debt on the consumption during the last reces-sion. The total financial debt has been raising markedly during the past three decades in ad-vanced economies and the discussion about economic implications of household debt has re-ceived high...

Federal disaster insurance - in the form of national flood insurance, the Federal Emergency Management Agency (FEMA), and other programs - is designed to nationally distribute large geography-specific shocks such as earthquakes and hurricanes. This study examines how residents were affected on...

We estimate the causal effect of cash grants on household finance and business survival following a natural disaster. Disaster-affected individuals in high damage blocks with access to cash grants have 17% less credit card debt following the disaster than those without access to cash grants....

We use a large data set of over 12 million residential mortgages observed over time to investigate the loan default behavior in several European countries. We model the occurrence of default as a function of borrower characteristics, loan-specific variables, and a set of local economic...

The goal of this paper is to propose a dictionary specifically designed for textual applications in economics. We construct the dictionary with two important characteristics: 1) to have a wide coverage of terms typically used in documents discussing economic and financial concepts, and 2) to...

Priority sectors form the foundation and base-structure of an economy. Providing adequatefinancial aid to these important sectors can lead to development of an economy in real terms.These sectors include Agriculture, Micro Small and Medium Enterprises, Housing, Educationand other weaker sections...

Federal disaster insurance - in the form of national flood insurance, the Federal Emergency Management Agency (FEMA), and other programs - is designed to nationally distribute large geography-specific shocks such as earthquakes and hurricanes. This study examines how residents were affected on...

This paper documents several facts about internal migrants in the US that underlie substantial areas of economic research and policy making, but are rarely directly published. Using a large-sample, 23-year panel, the Federal Reserve Bank of New York/Equifax Consumer Credit Panel, I estimate the...

We estimate the causal effect of cash grants on household finance and business survival following a natural disaster. Disaster-affected individuals in high damage blocks with access to cash grants have 17% less credit card debt following the disaster than those without access to cash grants....

This paper presents a retrospective review of several key areas of work of the Capital Markets and Financial Institutions Division (CMF) of the Inter-American Development Bank. Presented with each chapter as an independent piece, the paper analyzes the operations portfolio of CMF from 2006 to...