The Federal Reserve Financial institution of New York introduced it would launch a nine-part weblog sequence on the financial and monetary impacts of maximum climate occasions within the Federal Reserve’s Second District.
Beginning November 8, the Liberty Street Economics sequence will cowl: bodily and transition dangers, flood dangers, the influence of maximum climate occasions on small enterprise house owners and low- and moderate-income communities, and the influence of hurricanes.
“With the frequency and ferocity of maximum climate occasions–together with flooding, storms, and heatwaves–rising in recent times, the analysis will assist to know the consequences of those local weather occasions on the economic system and monetary markets,” the Fed acknowledged in its announcement.
The sequence will concentrate on the Second District, which encompasses New York, northern New Jersey, southwest Connecticut, Puerto Rico, and the U.S. Virgin Islands.
The person weblog posts are:
- “Evaluating Bodily Threat: The Fed’s Second District versus the Nation,” makes use of publicly out there knowledge from the Federal Emergency Administration Company nationwide threat index database to match the climate-related dangers confronted by the Second District to dangers confronted by the nation. (November 8)
- “Transition Dangers within the Fed’s Second District and the Nation,” examines how transition dangers have an effect on totally different elements of the Second District, and the way they differentially have an effect on the realm relative to the nation. (November 9)
- “Flood Map Inaccuracies within the Fed’s Second District,” explores the prevalence of inaccuracies in flood maps within the Second District. (November 10)
- “How Do Banks Lend in Inaccurate Flood Zones within the Fed’s Second District?,” makes use of knowledge on the accuracy of flood maps to look at the influence of flood threat, significantly on financial institution lending within the Second District. (November 13)
- “Flood Threat and Agency Location Choices within the Fed’s Second District,” discusses whether or not companies within the Second District think about flood threat when deciding the place they conduct enterprise, produce items, or render providers. (November 14)
- “How Do Pure Disasters Have an effect on Small Enterprise House owners within the Fed’s Second District?,” leverages the Federal Reserve’s Small Enterprise Credit score Survey to discover how small companies within the Second District are impacted by pure disasters. (November 15)
- “Small Enterprise Restoration after Pure Disasters within the Fed’s Second District,” examines the assets that small companies can depend on to deal with losses following disasters, reminiscent of entry to catastrophe aid. (November 16)
- “Flood-Inclined Basement Housing in New York Metropolis and the Influence to Low-and-Average Earnings Renters,” examines how basement condo renters are uncovered to flood threat in New York Metropolis. (November 17)
- “Banks versus Hurricanes,” gives a case examine on the influence of hurricanes on banks headquartered in Puerto Rico. (November 20)
Photograph: Federal Reserve Financial institution of New York constructing. FRBNY picture.
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