NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Droughts, Floods and Financial Distress in the United States

John Landon-Lane, Hugh Rockoff, Richard H. Steckel

NBER Working Paper No. 15596
Issued in December 2009

---- Acknowledgements -----

The authors thank conference participants, David Stahle and Henri Grissino-Mayer for comments and suggestions. We also thank Scott A. Redenius who was kind enough to share his estimates of the rates of return to bank equity. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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