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Donald P. Morgan

Financial Research Advisor · Federal Reserve Bank of New York

Financial Research Advisor in the Research Department of the Federal Reserve Bank of New York, working on banking, financial institutions and household finance. Ph.D. in economics from the University of Wisconsin (1989).

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Online First Journal of Money, Credit and Banking Online 27 Mar 2026

How Bad Are Weather Disasters for Banks?

Kristian S. Blickle · Sarah N. Hamerling · Donald P. Morgan

Using FEMA disaster declarations matched to SHELDUS property-damage estimates and Call Report data for 1995–2018, this paper finds that weather disasters — even at their most severe — have had modest …

Banking Credit Financial Stability Macroprudential Policy