Abstract:participants of the QUANTM Seminar organized by the Monetary and Capital Markets Department of the IMF, the 16th Financial Risks International Forum organized by the Institut Louis Bachelier, the Arndt-Corden Department of Economics Seminar organized by the Crawford School of Public Policy, and the reviewers from the IMF departments for their generous comments. We appreciate the support from Javier Urunuela-Lopez to process the flood data and the Research Department of the IMF for providing the formatted finan… Show more
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