TY  - UNPD
A1  - Noth, Felix
A1  - Schüwer, Ulrich
T1  - Natural disaster and bank stability: evidence from the U.S. financial system
T2  - SAFE working paper series ; No. 167
N2  - We document that natural disasters significantly weaken the stability of banks with business activities in affected regions, as reflected 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 in the meantime.
T3  - SAFE working paper - 167 
KW  - natural disasters
KW  - bank stability
KW  - non-performing assets
KW  - bank performance
Y1  - 2017
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/42902
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-429028
UR  - https://ssrn.com/abstract=2921000
IS  - February 2017
PB  - SAFE
CY  - Frankfurt am Main
ER  -