We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous … climate-related transition and physical risks. The socially optimal emissions tax is below the Pigouvian benchmark (equal to … physical climate risks have a substantial impact on collateral values. Additionally introducing leverage regulation can be …

-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage …

include the use of risk-weight floors and leverage ratios. I show that banks for which those are binding reduce their credit …

-post performance, we find that issuer firms expand their total assets and fixed assets, and also raise their leverage. …

We analyze jointly optimal carbon pricing and leverage regulation in a model with financial constraints and endogenous … climate-related transition and physical risks. The socially optimal emissions tax is below the Pigouvian benchmark (equal to … physical climate risks have a substantial impact on collateral values. Additionally introducing leverage regulation can be …

include the use of risk-weight floors and leverage ratios. I show that banks for which those are binding reduce their credit …

of non-financial firms’ leverage carry over to banks, except for banks whose capital ratio is close to the regulatory … important determinant of banks’ capital structures and that banks’ leverage converges to bank specific, time invariant targets. …

thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive …