Search Results
Showing results 1 to 2 of approximately 2.
(refine search)
Speech
Remarks at the Economic Press Briefing on Puerto Rico and the U.S. Virgin Islands After Hurricanes Irma and Maria, Federal Reserve Bank of New York, New York City
Remarks at the Economic Press Briefing on Puerto Rico and the U.S. Virgin Islands After Hurricanes Irma and Maria, Federal Reserve Bank of New York, New York City.
Discussion Paper
Banks versus Hurricanes
The impacts of hurricanes analyzed in the previous post in this series may be far-reaching in the Second District. In a new Staff Report, we study how banks in Puerto Rico fared after Hurricane Maria struck the island on September 17, 2017. Maria makes a worst case in some respects because the economy and banks there were vulnerable beforehand, and because Maria struck just two weeks after Hurricane Irma flooded the island. Despite the immense destruction and disruption Maria caused, we find that the island’s economy and banks recovered surprisingly quickly. We discuss the various ...