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Banks versus hurricanes : a case study of Puerto Rico after hurricanes Irma and Maria

Anagnostakos, Peter; Bram, Jason; Chan, Benjamin; … - 2023

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

Climate risk and beliefs in New York floodplains

Gibson, Matthew; Mullins, Jamie T. - 2020

Applying a difference-in-differences framework to a census of residential property transactions in New York City 2003-2017, we estimate the price effects of three flood risk signals: 1) the Biggert-Waters Flood Insurance Reform Act, which increased premiums; 2) Hurricane Sandy; and 3) new...

Persistent link: https://www.econbiz.de/10012257846

Social inequalities in climate change-attributed impacts of hurricane harvey

Smiley, Kevin T.; Noy, Ilan; Wehner, Michael; Frame, Dave; … - 2021

Climate change is already increasing the severity of extreme weather events such as with rainfall during hurricanes. But no research to date investigates if, and to what extent, there are social inequalities in current climate change-attributed flood impacts. Here, we use climate change...

Persistent link: https://www.econbiz.de/10012668885

Flooded credit markets : physical climate risk and small business lending

Barbaglia, Luca; Fatica, Serena; Rho, Caterina - 2023

on their loans than non-disaster firms. Floods reduce securitised credit in the local markets, suggesting that physical …

Persistent link: https://www.econbiz.de/10014465205

The economic impact of tropical cyclones : case studies in general equilibrium

Lehtomaa, Jere; Renoir, Clément - 2023

post-disaster recovery after a single shock can take several decades, with notable cumulative negative effects for … disaster impact model with a general equilibrium model of the economy. We apply the methodology to study the effects of …

Persistent link: https://www.econbiz.de/10014251945

Flooded house or underwater mortgage? : the implications of climate change and adaptation on housing, income, and wealth

Straten, Yasmine van der - 2023

I study the implications of climate change and adaptation on housing and income, and wealth. I embed climate change in a redistributive growth model by introducing exposure of households and firms to extreme weather events, that damage their housing capital and physical capital, respectively....

Persistent link: https://www.econbiz.de/10014233371

Fifty years of U.S. natural disaster insurance policy

Marcoux, Kendra; Wagner, Katherine R. H. - 2023

of natural disaster insurance in adapting to climate change. This chapter reviews current challenges in both public and … private natural disaster insurance markets in the United States and how the nature of these challenges has changed over the … complicate both the supply of and demand for natural disaster insurance, with spillovers to related markets such as real estate …

Persistent link: https://www.econbiz.de/10014281392

The impact of natural disasters on banks' impairment flow : evidence from Germany

Shala, Iliriana; Schumacher, Benno - 2022

Climate change causes natural disasters to occur at higher frequency and increased severity. Using a unique dataset on German banks, this paper explores how regionally less diversified banks in Germany adjusted their loan loss provisioning following the severe summer flood of 2013, which...

Persistent link: https://www.econbiz.de/10013370513

Do mortgage lenders respond to flood risk?

Blickle, Kristian; Perry, Evan; Santos, João A. C. - 2024

Using unique nationwide property-level mortgage, flood risk, and flood map data, we analyze whether lenders respond to flood risk that is not captured in FEMA flood maps. We find that lenders are less willing to originate mortgages and charge higher rates for lower LTV loans that face...

Persistent link: https://www.econbiz.de/10014532009

Migration and environment

Millock, Katrin - In: Annual review of resource economics 7 (2015), pp. 35-60

Persistent link: https://www.econbiz.de/10011408225