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Floods and Spillovers : Households after the 2011 Great Flood in Thailand

Noy, Ilan - 2019

of the disaster on income, expenditure, assets, debt and savings levels, directly, and indirectly on spillover households …

Persistent link: https://www.econbiz.de/10012866402

Regulation, Financial Crises, and Liberalization Traps

Marchionne, Francesco - 2019

To reconcile the mixed empirical results, we develop a theoretical model whose main implication is a concave impact of regulation on the probability of a crisis. We test this relationship by applying a Probit model of a non-linear specification to annual data from 1999 to 2011 drawn from 132...

Persistent link: https://www.econbiz.de/10012866557

Financial Cycles, Credit Bubbles and Stabilization Policies

Corrado, Luisa - 2019

This paper analyzes the effects of several policy instruments to mitigate financial bubbles generated in the banking sector. We augment a New Keynesian macroeconomic framework by endogenizing boundedly-rational expectations on asset values of loan portfolios and allow for interbank trading. We...

Persistent link: https://www.econbiz.de/10012892165

Sustainabnility of Product Market Collusion under Credit Market Imperfections

Marjit, Sugata; Mukherjee, Arijit; Yang, Lei - 2016

We study the implications of credit constraints for the sustainability of product market collusion in a bank-financed oligopoly in which firms face an imperfect credit market. We consider two situations, without and with credit rationing, i.e., with a binding credit limit. When there is credit...

Persistent link: https://www.econbiz.de/10011615847

Fifty Years of Peril : A Comprehensive Comparison of the Impact of Terrorism and Disasters Linked to Natural Hazards (1970-2019)

Wilson, Timothy; Noy, Ilan - 2022

We compare the realised impact of terrorism and disasters linked to natural hazards. Using fifty years of data from two databases covering 99 percent of the global population, we find that natural hazard disasters were more then 20 times more impactful than terrorism. The former had a larger...

Persistent link: https://www.econbiz.de/10014078668

Natural Disasters and Regional Development - the Case of Earthquakes

Fabian, Marius - 2019

We analyze the impact of earthquakes on nighttime lights at a sub-national level, i.e. on grids of different size. We argue that existing studies on the impact of natural disasters on economic development have several important limitations, both at the level of the outcome variable – usually...

Persistent link: https://www.econbiz.de/10012892078

Financial Market Responses to a Natural Disaster : Evidence from Local Credit Networks and the Indian Ocean Tsunami

Czura, Kristina - 2019

disaster to different extents, we estimate the causal effect of this devastating economic shock on financial flows between …

Persistent link: https://www.econbiz.de/10012892224

Quantifying the Demand, Supply, and Welfare Effects of Natural Disasters Using Monthly Trade Data

Felbermayr, Gabriel; Gröschl, Jasmin Katrin; Heid, Benedikt - 2021

temporarily up after a disaster. Using a consistent structural trade model, we back out monthly aggregate productivity measures …

Persistent link: https://www.econbiz.de/10013218873

The Economic Impact of Weather and Climate

Tol, Richard S. J. - 2021

I propose a new conceptual framework to disentangle the impacts of weather and climate on economic activity and growth: A stochastic frontier model with climate in the production frontier and weather shocks as a source of inefficiency. I test it on a sample of 160 countries over the period...

Persistent link: https://www.econbiz.de/10013239329

Fifty Years of U.S. Natural Disaster Insurance Policy

Marcoux, Kendra; H. Wagner, Katherine R. - 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/10014356481