This paper examines the impact of long-run earthquake experiences on banks’ business practices. Using earthquake and bank branch data for California, we find that banks that have had more intense experiences change their business practices: they have a smaller exposure to real estate and...

This paper examines the impact of long-run earthquake experiences on banks’ business practices. Using earthquake and bank branch data for California, we find that banks that have had more intense experiences change their business practices: they have a smaller exposure to real estate and...