Overview
Andi Duqi
Chapter Chapter 1 in Banking Institutions and Natural Disasters, 2023, pp 1-5 from Palgrave Macmillan
Abstract:
Abstract Natural disasters have long-lasting socio-economic impacts on populations and countries impacted by them, especially in emerging economies. Weather-related catastrophes are becoming more prevalent as the planet heats up. These events affect the financial sector through several channels, such as the collateral value of bank loans or borrowers’ ability to pay off debt. At the same time, the financial sector plays an essential role in the post-disaster economic recovery through reconstruction lending. The link between natural disasters and bank activity is, therefore, complex. This book aims to shed light on the importance of financial institutions in promoting growth after extreme weather events.
Keywords: Natural disasters; Climate change; Physical risks (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psifcp:978-3-031-36371-9_1
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DOI: 10.1007/978-3-031-36371-9_1
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