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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 proposes an integrated crisis management and resolution framework for the EU's single banking market. It comprises a European Resolution Authority (ERA), armed with the mandate and the tools to deal cost-effectively with failing systemic cross-border banks, and is designed to address...
Persistent link: https://www.econbiz.de/10014409157
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
disaster risks on fiscal rules. The results, which are robust across various country groupings, suggest that natural disaster … disaster risks. Nonetheless, the results are mixed across different country groups, with varying magnitude of impact. This … natural disaster risks into their fiscal frameworks …
Persistent link: https://www.econbiz.de/10015328079
commitment disburses faster following natural disasters. Further explorations into the mechanisms driving aid in disaster …
Persistent link: https://www.econbiz.de/10015328123
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper develops an analytical...
Persistent link: https://www.econbiz.de/10012677607
cycles of the economy: the business, election, and natural disaster cycles. Our main findings suggest that fiscal policy has …
Persistent link: https://www.econbiz.de/10012677820
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
that may arise from large exchange rate fluctuations caused by natural disaster shocks …
Persistent link: https://www.econbiz.de/10015328482
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