The increasing evidence on climate change effects and loss of biodiversity highlights the need to integrate economic decision-making with environmental accounting. Using integrated economic modelling allows gathering evidence of the consequences of those economic choices that exploit natural...

This paper investigates empirically the role of real assets in credit rationing. When loans are collateralized, the amount borrowed is determined by the value of collateral. This happens because in a context of asymmetric information banks use real assets as a guarantee in the case of project's...