金融稳定
衡平法
自然灾害
金融体系
业务
脆弱性(计算)
丧失抵押品赎回权
财务
经济
地理
政治学
计算机安全
计算机科学
气象学
法学
作者
Felix Noth,Ulrich Schüwer
标识
DOI:10.1016/j.jeem.2023.102792
摘要
We show that weather-related natural disasters in the United States significantly weaken the financial stability of banks with business activities in affected regions. This is reflected in higher probabilities of default, lower z-scores, higher non-performing assets ratios, higher foreclosure ratios, lower returns on assets and lower equity ratios of affected banks in the years following a natural disaster. The effects are economically relevant and highlight the financial vulnerability of banks and their borrowers despite insurances and public aid programs.
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