TY  - UNPD
A1  - Lambert, Claudia
A1  - Noth, Felix
A1  - Schüwer, Ulrich
T1  - How do banks react to catastrophic events? Evidence from hurricane Katrina
T2  - SAFE working paper series ; No. 94
N2  - This paper explores how banks adjust their risk-based capital ratios and asset allocations following an exogenous shock to their asset quality caused by Hurricane Katrina in 2005. We find that independent banks based in the disaster areas increase their risk-based capital ratios after the hurricane, while those part of a bank holding company do not. The effect on independent banks mainly comes from the subgroup of high-capitalized banks. These banks increase their holdings in government securities and reduce loans to non-financial firms. Hence, banks that become more stable achieve this at the cost of reduced lending.
T3  - SAFE working paper - 94 
KW  - catastrophic events
KW  - bank regulation
KW  - capital ratios
KW  - natural experiment
Y1  - 2015
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/37197
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-371971
UR  - http://ssrn.com/abstract=2585521
IS  - March, 2015
PB  - SAFE
CY  - Frankfurt am Main
ER  -