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How well do countries cope with the aftermath of natural disasters? In particular, do international financial flows help buffer countries in the wake of disasters? This paper focuses on hurricanes (one of the most common and destructive types of disasters), and examines the impact of hurricane...
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endogeneity of disaster damage, I exploit instrumental variables constructed from meteorological data on hurricanes. Instrumental … variables estimates indicate that disaster damages lead to increases in national-level net inflows of migrants' remittances …. The null hypothesis of full insurance of hurricane disaster damages cannot be rejected. By contrast, ordinary least …
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The high international capital positions of offshore financial centers (OFCs) have led to increasing research in the area. However, many unanswered questions remain, as OFC activities are secretive by nature and data is sparse. It is, for example, not even clear whether the financial industry...
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