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We examine how banks respond to large natural disasters when corporate borrowers are located in the neighborhood of the disaster area. We find robust evidence that banks charge significantly higher loan spreads for firms located in the neighborhood of the disaster area than for remote firms. The...
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Vulnerability drives disaster law—defining its successes and illustrating its failures. Although understanding vulnerability is critical to disaster law and scholarship, the literature lacks both an overarching analysis of the different aspects of vulnerability and a nuanced examination of the...
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In the years since the September 11 attacks, scholars and commentators have criticized the emergence of both legal developments and policy rhetoric that blur the lines between war and terrorism. Unrecognized, but equally as damaging to democratic ideals — and potentially more devastating in...
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mandate adaptive investment. We measure the effect of California's wildfire building codes on own- and neighboring structure …
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Local communities play a key role in preparing for disastrous events such as the Great East Japan Earthquake (GEJE), and are normally the first responders to take action. On March 11, 2011, Community-Based Organizations (CBOs) were active in the disaster response and saved countless human lives....
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, investment and stock-market value …
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