Tracing Out Capital Flows: How Financially Integrated Banks Respond to Natural Disasters

347 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

Borrowers under water! Rare disasters, regional banks, and recovery lending (2020, background): “to collapsing credit demand by non-financial firms when the sampled banks are located in shocked regions themselves (Sawada and Shimizutani, 2008; Klomp, 2014; Lambert et al., 2015; Cortés and Strahan, 2015).”
Policy uncertainty and loan loss provisions in the banking industry (2020, positive): “Multimarket banks smooth local exogenous shocks by reallocating their credit supply between affected and unaffected markets (Cortés and Strahan, 2017).”
Let's Talk About the Weather: The Impact of Climate Change on Central Banks (2016, background): “Cortes and Strahan (2015) examine how banks in the US reallocate capital when credit demand increases in areas affected by a natural disaster, and show that bank lending in other markets declines by about 50 cents per dollar of additional lending in the area which experienced the disaster.”
How do banks react to catastrophic events? Evidence from Hurricane Katrina (2019, positive): “In particular, banks may increase their capital ratios to foster financial stability and protect their franchise values, or they may decrease capital (1)The different crises explored in these studies are the land market collapse in Japan in the early 1990s (Gan, 2007), natural disasters (Garmaise an”