Meisenzahl, Ralf R. - 2023
We document how bank lending has changed in response to climate change by analyzing changes in bank loan portfolios … significantly reduced lending to areas more impacted by climate change starting around 2015. Using flood risk and wildfire risk as … considerable heterogeneity. Banks reduced lending more for the riskier loans (HELOCs, CRE) and to borrowers with high credit risk …