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in advanced economies (AEs) rises immediately in the same year of the natural disaster, offsetting the decline in private … countries (EMDEs) after a natural disaster is smaller and thus, unable to mitigate the contemporaneous negative effect on output … addition, the output recovery in the subsequent year does not fully offset the decline during the year of the disaster. Second …
Persistent link: https://www.econbiz.de/10015328023
commitment disburses faster following natural disasters. Further explorations into the mechanisms driving aid in disaster …
Persistent link: https://www.econbiz.de/10015328123
The study provides forward-looking estimates for economic damages from floods and tropical cyclones (TC) for a wide range of countries using global datasets. Damages are estimated for three Intergovernmental Panel on Climate Change (IPCC) scenarios and aggregated at the country level, building...
Persistent link: https://www.econbiz.de/10015080263
1980-2020. The econometric analysis provides convincing evidence that corruption increases the number of disaster …
Persistent link: https://www.econbiz.de/10015059047
Studies―Disaster Estimates; A. IMF Financing; 2. Case Studies―IMF Financing; 6. IMF Emergency Assistance … experience suggests there are ways to strengthen policy frameworks to increase resilience to natural disaster shocks, in …
Persistent link: https://www.econbiz.de/10012684357
This paper links the current sub-prime mortgage crisis to a decline in lending standards associated with the rapid expansion of this market. We show that lending standards declined more in areas that experienced larger credit booms and house price increases. We also find that the underlying...
Persistent link: https://www.econbiz.de/10014409025
We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits. Micro data show a strong association between credit...
Persistent link: https://www.econbiz.de/10014409056
We study the characteristics of credit booms in emerging and industrial economies. Macro data show a systematic relationship between credit booms and economic expansions, rising asset prices, real appreciations and widening external deficits. Micro data show a strong association between credit...
Persistent link: https://www.econbiz.de/10012677365
This paper explores the financial stability implications of acute physical climate change risks using a novel approach that focuses on a severe season associated with a sequence of tropical cyclone and flood events. Our approach was recently applied to study physical risks in the Mexican...
Persistent link: https://www.econbiz.de/10015059150
This paper studies how fiscal policy affects loan market conditions in the US. First, it conducts a Structural Vector-Autoregression analysis showing that the bank spread responds negatively to an expansionary government spending shock, while lending increases. Second, it illustrates that these...
Persistent link: https://www.econbiz.de/10014409424