金融发展和财政稳定在新兴经济体应对灾害中的相关性
Relevance of financial development and fiscal stability in dealing with disasters in Emerging Economies
摘要：
以往的研究表明，自然灾害会减缓经济增长，在金融发展水平较低的国家更是如此。我们用最近的数据证实了这些结果。我们是第一个表明财政稳定可以减少自然灾害对较贫穷国家的负面经济影响，而巨灾债券在较富裕国家也有同样的效果。
英文摘要：
Previous studies show that natural disasters decelerate economic growth, and more so in countries with lower financial development. We confirm these results with more recent data. We are the first to show that fiscal stability reduces the negative economic impact of natural disasters in poorer countries, and that catastrophe bonds have the same effect in richer countries.
机构、总结、中文摘要均由AI分析而来，可能存在错误，请以论文正文为准。
