Similar Search Results

Shelter from the Storm : Which Safe Asset for Climate Disasters?

Lanfear, Matthew - 2020

Hurricanes give rise to flight-to-safety episodes during which High Tech stocks consistently behave differently from stocks in other industries. We isolate a safety premium of 3.75\% which peaks at 16% annualized for periods of 20 days after landfall. The safety premium is greater than the short...

Persistent link: https://www.econbiz.de/10012845174

Integrating out natural disaster shocks

Bremus, Franziska; Rieth, Malte - 2023

We study the role of international financial integration in buffering natural disaster shocks, using a large sample of … and economic conditions. We document that integration improves shock absorption: output, consumption, and investment are … significantly higher after a shock in states of high integration than in states of low integration. However, the benefits of …

Persistent link: https://www.econbiz.de/10014468927

Measuring the impact of insurance on urban recovery with light : the 2010-2011 New Zealand earthquakes

Cuong Nhu Nguyen; Noy, Ilan - 2018

We measure the longer-term effect of a major earthquake on the local economy, using night-time light intensity measured … process. We focus on the destructive Canterbury Earthquake Sequence (CES) 2010 -2011 as our case study. Uniquely for this … economic recovery after the earthquake, but delayed payments were less affective and cash settlement of claims were more …

Persistent link: https://www.econbiz.de/10011846154

A tale of two deficits : public budget balance of reserve currency countries

Steiner, Andreas - 2013

constellations of the international monetary system: the sterling period (1890-1935) and the dollar dominance (since World War II …

Persistent link: https://www.econbiz.de/10009791645

A Growth Perspective on Foreign Reserve Accumulation

Cheng, Gong - 2013

Based on a dynamic open-economy macroeconomic model, this paper aims at understanding the contribution of domestic financial underdevelopment to foreign reserve accumulation in some emerging market economies, especially in China. It is argued that foreign reserve accumulation is part and parcel...

Persistent link: https://www.econbiz.de/10013076609

A Growth Perspective on Foreign Reserve Accumulation

Cheng, Gong - 2017

Based on a dynamic open-economy macroeconomic model, this paper analyzes the motive for foreign reserve accumulation in fast-growing emerging economies. The demand for foreign reserves stems from the interaction between productivity growth and underdevelopment of the domestic financial market....

Persistent link: https://www.econbiz.de/10012954174

A Growth Perspective on Foreign Reserve Accumulation

Cheng, Gong - 2015

Persistent link: https://www.econbiz.de/10013012528

The External Balance Assessment (EBA) Methodology

Phillips, Steven - 2014

The External Balance Assessment (EBA) methodology has been developed by the IMF's Research Department as a successor to the CGER methodology for assessing current accounts and exchange rates in a multilaterally consistent manner. Compared to other approaches, EBA emphasizes distinguishing...

Persistent link: https://www.econbiz.de/10013059857

Cross-border currency exposures : new evidence based on an enhanced and updated dataset

Bénétrix, Agustín; Gautam, Deepali; Juvenal, Luciana; … - 2020

This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods....

Persistent link: https://www.econbiz.de/10012224121

Catching Up by "Deglobalizing" : Capital Account Policy and Economic Growth

Bergin, Paul R.; Choi, Woo Jin; Pyun, Ju Hyun - National Bureau of Economic Research - 2023

While substantial empirical research has evaluated the question of whether capital account openness promotes economic growth, this paper finds empirical evidence for cases where the opposite is true--that a policy of capital controls can promote economic growth, when combined with a policy of...

Persistent link: https://www.econbiz.de/10014226141