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Natural Disasters And Bank Stability
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Book Synopsis Natural Disasters and Bank Stability by : Felix Noth
Download or read book Natural Disasters and Bank Stability written by Felix Noth and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We show that property damages from weather-related natural disasters significantly weaken the stability of banks with business activities in affected regions, as re ected in lower z-scores, higher probabilities of default, higher non-performing assets ratios, higher foreclosure ratios, lower returns on assets, and lower bank equity ratios. The effects are economically relevant and suggest that insurance payments and public aid programs do not sufficiently protect bank borrowers against financial difficulties. We also find that the adverse effects on bank stability dissolve after some years if no further disasters occur during that time.
Book Synopsis Natural Disaster and Bank Stability: Evidence from the U.S. Financial System by : Felix Noth
Download or read book Natural Disaster and Bank Stability: Evidence from the U.S. Financial System written by Felix Noth and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Understanding the economic and financial impacts of natural disasters by : Charlotte Benson
Download or read book Understanding the economic and financial impacts of natural disasters written by Charlotte Benson and published by World Bank Publications. This book was released on 2004 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Banking Institutions and Natural Disasters by : Andi Duqi
Download or read book Banking Institutions and Natural Disasters written by Andi Duqi and published by Springer Nature. This book was released on 2023-07-21 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks more closely at how natural disasters impact bank activity and how banks can support economic recovery after a natural disaster. The importance of banks in this context is underscored by increasing regulatory attention on their role in fostering a sustainable future, but also on the risks that climate change poses to bank stability. Humanity has tried to cope with the short- and long-term economic consequences of natural disasters for centuries. However, the severity of these events is constantly increasing in magnitude, due to the alteration of the earth’s climate and the environment. They pose a serious threat to the lives of millions of people especially in less developed countries. At the same time, the international community has acknowledged that weather hazards’ impact and countries’ resilience to them are affected by various socio-economic factors, such as the well-functioning of financial institutions, especially commercial banks. Banks will inevitably adapt their strategies to address concerns arising from climate change. In doing this, the book discusses partnerships with international cooperation institutions, other financial intermediaries, and local governments, so that the green transition ensures an inclusive growth for all, especially the most vulnerable parts of our societies. This book is of interest to researchers, academics, and students of sustainable finance and climate finance.
Book Synopsis Banking Stability, Natural Disasters, and Political Conflicts : Time Series Evidence on Causality in Developing Countries by : Wassim Rajhi
Download or read book Banking Stability, Natural Disasters, and Political Conflicts : Time Series Evidence on Causality in Developing Countries written by Wassim Rajhi and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Effect of Natural Disasters on Bank Failures by : Felix Noth
Download or read book The Effect of Natural Disasters on Bank Failures written by Felix Noth and published by . This book was released on 2014 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: We tests whether natural disasters have an effect on failure probabilities of banks in affected regions. Using data on property damages from hurricanes, earthquakes and other natural disasters in the U.S. from 1976 to 2010, we show that natural disasters significantly increase the failure probabilities of banks. This effect prevails when controlling for bank characteristics that are typically associated with bank failures. Surprisingly, our results suggest that banks are not more likely to fail due to disaster damage in the short-term period after a natural disaster occurs, but in the medium-term period.
Book Synopsis The Impact of Natural Disasters on the Performance and Solvency of U.S. Banks by : Yixin Xu
Download or read book The Impact of Natural Disasters on the Performance and Solvency of U.S. Banks written by Yixin Xu and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the effect of natural disasters on the profitability and solvency of U.S. banks. Employing a sample of 187 large-scale natural disasters that occurred in the U.S. between 2000 and 2014 and a sample of 2,891 banks, we find that natural disasters have a pronounced effect on the net-income-to-assets and the net-income-to-equity ratio of banks, as well as impaired loans and the return on average assets. We also observe significant effects on the equity ratio and the tier-1 capital ratio (two solvency measures). Interestingly, the latter are positive for regional banks which appear to voluntarily increase their capital reserves in response to natural disasters that affect part of their operations, but significantly negative for banks that operate locally or nationally.
Book Synopsis Resilience of the Financial System to Natural Disasters by :
Download or read book Resilience of the Financial System to Natural Disasters written by and published by . This book was released on 2021 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This CEPR/IESE report, the third report in the series on The Future of Banking, part of the Banking Initiative from the IESE Business School and supported by Citi, tests precisely how resilient the financial system is to natural disasters and discusses what can be done to make it more resilient. The report details how to reshape central bank policies to address climate related risks, debates the role of asset managers in dealing with natural disasters and climate risk, and explains why mitigation is a form of self-insurance to limit the systemic risks of global warming."--Abstract.
Book Synopsis Philippines: Financial Sector Assessment Program-Technical Note on Bank Stress Test for Climate Change Risks by : International Monetary
Download or read book Philippines: Financial Sector Assessment Program-Technical Note on Bank Stress Test for Climate Change Risks written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-07 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Philippines is highly vulnerable to risks from climate change. The Philippines is categorized as one of the world’s most vulnerable countries to climate change and natural disasters, especially typhoons. Depending on where a severe typhoon hits the Philippines, it could potentially cause a systemic impact. All major cities and most of the population reside on the coastline, including the metropolitan Manila area where about 60 percent of economic activities take place. On the other hand, exposures to transition risk are concentrated in the coal-based power generation sector and the government’s licensing policy to build new power plants.
Book Synopsis The Economic Impacts of Natural Disasters by : Debarati Guha-Sapir
Download or read book The Economic Impacts of Natural Disasters written by Debarati Guha-Sapir and published by Oxford University Press. This book was released on 2013-05-23 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.
Book Synopsis Banking Sector Risk in the Aftermath of Climate Change and Environmental-Related Natural Disasters by : Owen Nie
Download or read book Banking Sector Risk in the Aftermath of Climate Change and Environmental-Related Natural Disasters written by Owen Nie and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change and environmental risks are increasingly recognized as a concern for financial authorities, yet empirical evidence of the damage for bank balance sheets is relatively scant. This paper provides preliminary estimates of the aggregate impact of physical risks from climate and environmental-related natural disasters on bank balance sheets across 184 countries over nearly 40 years. Using the local projection method, the analysis finds that severe disaster episodes lead to an increase in the level of systemwide non-performing loans, which is persistent over time. The paper complements the cross-country results with a country-specific example, which finds that typhoon damages lead to a significant increase in non-performing loans in the Philippines between 2011 and 2018. The results suggest a role for financial policy and supervision to monitor, assess, and mitigate climate and environmental related physical risks to the banking sector.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1513529196 Total Pages :120 pages Book Rating :4.5/5 (135 download)
Book Synopsis Global Financial Stability Report, April 2020 by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Global Financial Stability Report, April 2020 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2020-04-14 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: The April 2020 Global Financial Stability Report (GFSR) assesses the financial stability challenges posed by the coronavirus (COVID-19) pandemic. Chapter 1 describes how financial conditions tightened abrubtly with the onset of the pandemic, with risk asset prices dropping sharply as investors rushed to safety and liquidity. It finds that a further tightening of financial conditions may expose vulnerabilities, including among nonbank financial institutions, and that bank resilience may be tested if economic and financial market stresses rise. Vulnerabilities in global risky corporate credit markets, including weakened credit quality of borrowers, looser underwriting standards, liquidity risks at investment funds, and increased interconnectedness, could generate losses at nonbank financial institutions in a severe adverse scenario, as discussed in Chapter 2. The pandemic led to an unprecedented and sharp reversal of portfolio flows, highlighting the challenges of managing flows in emerging and frontier markets. Chapter 3 shows that global financial conditions tend to influence portfolio flows more during surges than in normal times, that stronger domestic fundamentals can help mitigate outflows, and that greater foreign participation in local currency bond markets may increase price volatility where domestic markets lack depth. Beyond the immediate challenges of COVID-19, Chapter 4 explores the profitability pressures that banks are likely to face over the medium term in an environment where low interest rates are expected to persist. Chapter 5 takes a broader perspective on physical risks associated with climate change. It finds that these risks do not appear to be reflected in global equity valuations and that stress testing and better disclosure of exposures to climatic hazards are essential to better assess physical risk.
Book Synopsis Bank Stability and the Price of Loan Commitments by : Asad Rauf
Download or read book Bank Stability and the Price of Loan Commitments written by Asad Rauf and published by . This book was released on 2019 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents novel empirical evidence on how financial stability matters to firms. I find that firms pay a higher price for loan commitments (i.e., credit lines) from safer banks. A one standard deviation increase in the cross-sectional mean of bank capital increases the commitment fees by 5%. I further exploit exogenous variation in the market value of banks' assets from natural disasters to identify the effect of lender stability on commitment fees. The sensitivity of the fees to changes in the financial health of the bank are higher for firms with higher short term liabilities and higher income uncertainty. However, I do not find evidence that the effects depend on the size of the firm. These results indicate that firms internalize the uncertainty regarding accessibility of credit lines due to financial distress of their lender.
Book Synopsis Making a Market for Acts of God by : Paula Jarzabkowski
Download or read book Making a Market for Acts of God written by Paula Jarzabkowski and published by Oxford University Press, USA. This book was released on 2015 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reinsurance is a market that provides cover for the devastating consequences of unpredictable events such as Hurricane Katrina, or the Tohoku earthquake, underpinning society's capacity to rebuild after the unthinkable happens. This book fleshes out how this important and quirky financial market works.
Download or read book Colombia written by World Bank and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Disasters resulting from natural hazards represent an important challenge for Colombia's fiscal sustainability and stability. Colombia is one of the countries with the highest recurrence rate of disasters caused by natural hazards in Latin America. As the country's population and economy continue to grow, so will the economic losses resulting from such events, an average of 600 disaster events are reported each year. Colombia's rate of economic growth is increasing the base of assets exposed to disaster risks, which may lead to significant increases in losses, particularly if investments in new assets are not accompanied by plans for mitigating disaster risk. The Government of Colombia recognizes the importance of mitigating these events and has taken several steps to mainstream disaster risk management into its policy and programs, as evinced by the National Development Plan, 'prosperity for all 2010-2014' and the Ministry of Finance and Public Credit's (MHCP) Strategic Plan for the same period. The MHCP is committed to developing strategies for reducing its contingent liabilities in relation to disasters and to managing the fiscal risk resulting from these events. This document presents the priority policy objectives that have been established to assess, reduce, and manage fiscal risk due to natural disasters. It also describes the MHCP's efforts to progress its policy objectives in the long term. These policy objectives represent the MHCP's ex-ante policy framework regarding management of financial and fiscal disaster risk.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1498323790 Total Pages :122 pages Book Rating :4.4/5 (983 download)
Book Synopsis The Bahamas by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book The Bahamas written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-07-01 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macrofinancial risks stem from the economy’s vulnerability to external shocks to tourism and real estate investment, exposure to frequent and severe hurricanes, and a small and illiquid real estate market. Stress tests reveal the overall banking system is resilient to a range of adverse scenarios given large aggregate capital and liquidity buffers. Some domestic banks and the two largest credit unions are more vulnerable to asset quality shocks and tail risk conditions. Asset quality and profitability are key determinants of financial institutions’ resilience to adverse shocks. Liquidity, market, sovereign and financial contagion risks are low. The offshore banking sector is not a source of traditional banking risks.
Download or read book FloodZone written by and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: FloodZone is Miami-based Russian photographer Samoylova's account of life on the knife-edge of the Southern U.S.: in Florida, where sea levels are rising and hurricanes threaten. These beautifully subtle and often unsettling images capture the mood of waiting, of knowing the climate is changing, and of living with it.
