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Global climate change is increasing the frequency and severity of natural disasters. We use detailed consumer credit data to investigate the impact of the 2016 Fort McMurray wildfire, the costliest wildfire disaster in Canadian history, on consumers' financial stress. We focus on the arrears of...
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This paper examines empirically the effect of the level of personal bankruptcy protection in the US on households …' demand for financial assets. A Chapter 7 bankruptcy allows protecting the home equity up to a certain limit or "exemption … investment in stocks, which are not protected in bankruptcy. Using an instrumental variable approach, I estimate a lower stock …
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