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Bayoumi, Tamim A.; Quayyum, Saad; Das, Sibabrata - 2022

average. We find that countries that have in place disaster preparedness mechanisms and lower public debt have lower … probability of witnessing a significant drop in growth as a consequence of a natural disaster, but our innovative methodology in … this paper finds that the two policies are complements since their effectiveness vary across different disaster scenarios …

Persistent link: https://www.econbiz.de/10013306749

The Macro-Fiscal Aftermath of Weather-Related Disasters : Do Loss Dimensions Matter?

Gerling, Kerstin - 2017

fiscal policy efforts such as ad hoc fiscal rebalancing and reprioritization. The findings help better customize disaster …

Persistent link: https://www.econbiz.de/10012942333

Policy Trade-Offs in Building Resilience to Natural Disasters : The Case of St. Lucia

Cantelmo, Alessandro - 2019

Resilience to climate change and natural disasters hinges on two fundamental elements: financial protection -insurance and self-insurance- and structural protection -investment in adaptation. Using a dynamic general equilibrium model calibrated to the St. Lucia's economy, this paper shows that...

Persistent link: https://www.econbiz.de/10012889136

Climate Disaster Risks - Empirics and a Multi-Phase Dynamic Model

Mittnik, Stefan - 2019

effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to … spell out policy needs. Empirically the link between carbon dioxide emission and the frequency of climate related disaster …

Persistent link: https://www.econbiz.de/10012865122

Natural Disaster Insurance for Sovereigns : Issues, Challenges and Optimality

Cebotari, Aliona - 2020

ex-ante preparedness is needed to manage the risks. The paper discusses sovereign experience with disaster insurance as a … use by vulnerable countries. The paper especially aims to inform policy decisions on disaster insurance. Through …

Persistent link: https://www.econbiz.de/10012840602

Gone with the Wind : Estimating Hurricane and Climate Change Costs in the Caribbean

Acevedo Mejia, Sebastian - 2016

This paper studies the economic costs of hurricanes in the Caribbean by constructing a novel dataset that combines a detailed record of tropical cyclones' characteristics with reported damages. I estimate the relation between hurricane wind speeds and damages in the Caribbean; finding that the...

Persistent link: https://www.econbiz.de/10012977766

Government Intervention and Bank Market Power : Lessons from the Global Financial Crisis for the COVID-19 Crisis

Tan, Brandon Joel; Igan, Deniz; Martínez Pería, … - 2021

The COVID-19 pandemic could result in large government interventions in the banking industry. To shed light on the possible consequences on market power, we rely on the experience of the global financial crisis and exploit granular data on government interventions in more than 800 banks across...

Persistent link: https://www.econbiz.de/10013250086

How Risky are Banks' Risk Weighted Assets? Evidence from the Financial Crisis

Das, Sonali - 2015

We study how investors account for the riskiness of banks' risk-weighted assets (RWA) by examining the determinants of stock returns and market measures of risk. We find that banks with higher RWA had lower stock returns over the US and European crises. This relationship is weaker in Europe...

Persistent link: https://www.econbiz.de/10013037250

Accounting for Macrofinancial Fluctuations and Turbulence

Vitek, Francis - 2018

This paper investigates the sources of macrofinancial fluctuations and turbulence within the framework of an approximate linear dynamic stochastic general equilibrium model of the world economy, augmented with structural shocks exhibiting potentially asymmetric generalized autoregressive...

Persistent link: https://www.econbiz.de/10012906882

Investor Information and Bank Instability During the Euro Crisis

Iorgova, Silvia; Ross, Chase P. - 2021

Outside of financial crises, investors have little incentive to produce private information on banks' short-term liabilities held as information-insensitive safe assets. The same does not hold true during crises. We measure daily information production using data from credit default swap spreads...

Persistent link: https://www.econbiz.de/10013243048