Financial market responses to a natural disaster: evidence from local credit networks and the Indian Ocean tsunami
Conventional wisdom in economics holds that traditional credit and insurance networks are inapt for insuring against covariate risks such as natural hazards. We challenge this claim by examining changes in financial allocations in Rotating Savings and Credit Associations (Roscas), a popular group-ba...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Dokumenttyp: | Buch/Monographie Arbeitspapier |
| Sprache: | Englisch |
| Veröffentlicht: |
Munich, Germany
CESifo, Center for Economic Studies & Ifo Institute
[2018]
|
| Schriftenreihe: | CESifo working paper Category 13, Behavioural economics
no. 7354 (November 2018) |
| In: |
CESifo working papers (no. 7354 (November 2018))
|
| Schlagworte: | |
| Online-Zugang: | Resolving-System, kostenfrei, Volltext: http://hdl.handle.net/10419/185552 Verlag, kostenfrei, Volltext: http://www.cesifo-group.de/ifoHome/publications/docbase/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2018/wp-cesifo-2018-11/12012018007354.html Verlag, kostenfrei, Volltext: http://www.cesifo-group.de/DocDL/cesifo1_wp7354.pdf 
|
| Verfasserangaben: | Kristina Czura, Stefan Klonner |
MARC
| LEADER | 00000cam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 1041046669 | ||
| 003 | DE-627 | ||
| 005 | 20241122001448.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 181126s2018 gw |||||o 00| ||eng c | ||
| 024 | 7 | |a 10419/185552 |2 hdl | |
| 035 | |a (DE-627)1041046669 | ||
| 035 | |a (DE-599)GBV1041046669 | ||
| 035 | |a (OCoLC)1159985297 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 044 | |c XA-DE | ||
| 084 | |a 17 |2 sdnb | ||
| 084 | |a O16 |a Q54 |a G23 |2 jelc | ||
| 100 | 1 | |a Czura, Kristina |e VerfasserIn |0 (DE-588)1026361079 |0 (DE-627)726595306 |0 (DE-576)371703301 |4 aut | |
| 245 | 1 | 0 | |a Financial market responses to a natural disaster |b evidence from local credit networks and the Indian Ocean tsunami |c Kristina Czura, Stefan Klonner |
| 264 | 1 | |a Munich, Germany |b CESifo, Center for Economic Studies & Ifo Institute |c [2018] | |
| 300 | |a 1 Online-Ressource (circa 49 Seiten) |b Illustrationen | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 1 | |a CESifo working paper |v no. 7354 (November 2018) |a Category 13, Behavioural economics | |
| 520 | |a Conventional wisdom in economics holds that traditional credit and insurance networks are inapt for insuring against covariate risks such as natural hazards. We challenge this claim by examining changes in financial allocations in Rotating Savings and Credit Associations (Roscas), a popular group-based financial institution world-wide, in the aftermath of the 2004 Indian Ocean tsunami. With financial data from locations along the South Indian coast that were affected by this natural disaster to different extents, we estimate the causal effect of this devastating economic shock on financial flows between occupational groups, the price of credit and other loan characteristics. We find that the supply of funds in these local credit networks remained remarkably stable, while demand by self-employed members increased significantly. In response, substantial funds were channeled from wage-employed members and commercial investors to small and medium-scale entrepreneurs. We conclude that traditional non-market financial institutions may be more important for coping with covariate risks in low-income environments than commonly assumed. | ||
| 650 | 4 | |a risk-sharing |7 (dpeaa)DE-206 | |
| 650 | 4 | |a credit |7 (dpeaa)DE-206 | |
| 650 | 4 | |a informal insurance |7 (dpeaa)DE-206 | |
| 650 | 4 | |a Roscas |7 (dpeaa)DE-206 | |
| 650 | 4 | |a financial institutions |7 (dpeaa)DE-206 | |
| 650 | 4 | |a natural disasters |7 (dpeaa)DE-206 | |
| 655 | 4 | |0 (DE-206)34 |a Graue Literatur |5 DE-206 | |
| 700 | 1 | |a Klonner, Stefan |d 1971- |e VerfasserIn |0 (DE-588)171854500 |0 (DE-627)321708563 |0 (DE-576)184796393 |4 aut | |
| 810 | 2 | |a CESifo GmbH |t CESifo working papers |v no. 7354 (November 2018) |9 7354000 |w (DE-627)340076984 |w (DE-576)281209073 |w (DE-600)2065232-X |x 2364-1428 |7 am | |
| 856 | 4 | 0 | |u http://hdl.handle.net/10419/185552 |x Resolving-System |z kostenfrei |3 Volltext |
| 856 | 4 | 0 | |u http://www.cesifo-group.de/ifoHome/publications/docbase/DocBase_Content/WP/WP-CESifo_Working_Papers/wp-cesifo-2018/wp-cesifo-2018-11/12012018007354.html |x Verlag |z kostenfrei |3 Volltext |
| 856 | 4 | 0 | |u http://www.cesifo-group.de/DocDL/cesifo1_wp7354.pdf |x Verlag |z kostenfrei |3 Volltext |
| 951 | |a BO | ||
| 992 | |a 20210129 | ||
| 993 | |a WorkingPaper | ||
| 994 | |a 2018 | ||
| 998 | |g 171854500 |a Klonner, Stefan |m 171854500:Klonner, Stefan |d 700000 |d 702000 |e 700000PK171854500 |e 702000PK171854500 |k 0/700000/ |k 1/700000/702000/ |p 2 |y j | ||
| 999 | |a KXP-PPN1041046669 |e 384451077X | ||
| BIB | |a Y | ||
| JSO | |a {"relMultPart":[{"origin":[{"dateIssuedDisp":"1991-","publisherPlace":"München","dateIssuedKey":"1991","publisher":"[Verlag nicht ermittelbar]"}],"type":{"media":"Online-Ressource","bibl":"serial"},"language":["eng"],"physDesc":[{"extent":"Online-Ressource"}],"part":{"number_sort":["7354000"],"number":["no. 7354 (November 2018)"]},"disp":"CESifo working paper","note":["Gesehen am 30.04.25"],"title":[{"title":"CESifo working papers","title_sort":"CESifo working papers"}],"id":{"eki":["340076984"],"zdb":["2065232-X"],"hdl":["10419/19"],"issn":["2364-1428"]},"recId":"340076984","corporate":[{"roleDisplay":"VerfasserIn","display":"CESifo GmbH","role":"aut"},{"role":"isb","display":"Ludwig-Maximilians-Universität München","roleDisplay":"Herausgebendes Organ"}],"dispAlt":"CESifo GmbH: CESifo working papers","titleAlt":[{"title":"CESifo working paper series"},{"title":"Working paper"},{"title":"CES working paper series"}],"pubHistory":["Nr. 1.1991 -"]}],"person":[{"family":"Czura","roleDisplay":"VerfasserIn","role":"aut","display":"Czura, Kristina","given":"Kristina"},{"given":"Stefan","role":"aut","display":"Klonner, Stefan","family":"Klonner","roleDisplay":"VerfasserIn"}],"name":{"displayForm":["Kristina Czura, Stefan Klonner"]},"physDesc":[{"extent":"1 Online-Ressource (circa 49 Seiten)","noteIll":"Illustrationen"}],"language":["eng"],"origin":[{"dateIssuedKey":"2018","publisherPlace":"Munich, Germany","dateIssuedDisp":"[2018]","publisher":"CESifo, Center for Economic Studies & Ifo Institute"}],"type":{"media":"Online-Ressource","bibl":"book"},"id":{"hdl":["10419/185552"],"eki":["1041046669"]},"title":[{"subtitle":"evidence from local credit networks and the Indian Ocean tsunami","title":"Financial market responses to a natural disaster","title_sort":"Financial market responses to a natural disaster"}],"recId":"1041046669"} | ||
| SRT | |a CZURAKRISTFINANCIALM2018 | ||