and high flooding risk and test for the “core lending channel” hypothesis, whereby lending to the real economy is a …

This paper develops a framework for the short-term modelling of market risk and shock propagation in the investment … in particular climate risk, with a first-of-its-kind dual view of transition and physical climate risk exposures at the … fund level. So far, while fund managers communicate more aggressively on their awareness of climate risk, it is still …

eurozone. My results also suggest that these shocks are a plausible source of aggregate risk that could explain business cycle …

We examine the existence of physical and transition climate risk premia in euro areaequity markets. To do so, we … develop two novel physical and transition risk indicators, basedon text analysis, which are then used to gauge the presence of … climate risk premia. Resultssuggest that climate risk premia for both, transition and physical climate risk, have …

Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a … pricing perspective, we find little to no evidence against the World CAPM model, where the market consists out of equity …

We exploit the 2007-2009 financial crisis to analyze how risk relates to bank business models. Institutions with higher … risk exposure had less capital, larger size, greater reliance on short-term market funding, and aggressive credit growth …. Business models related to significantly reduced bank risk were characterized by a strong deposit base and greater income …

, lead to risk aversion by investors in equities and currencies globally and in some emerging market bonds. Euro area shocks …