Benincasa, Emanuela; Kabas, Gazi; Ongena, Steven - In: econPol Forum : a bi-monthly journal on European … 24 (2023) 1, pp. 28-30
There are substantial differences across countries regarding climate policy stringency. Banks react to a stricter climate policy at home by increasing their cross-border lending to countries with laxer climate policies. The evidence is consistent with the adverse effect of transitional climate...