Using unique nationwide property-level mortgage, flood risk, and flood map data, we analyze whether lenders respond to … flood risk that is not captured in FEMA flood maps. We find that lenders are less willing to originate mortgages and charge … higher rates for lower LTV loans that face "un-mapped" flood risk. This effect is weaker for high income applicants, as well …

funds are significantly more susceptible to run risk than any other category of debt funds, including corporate bond funds …

This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to … estimate bank biases at the credit level by comparing bank-generated risk estimates within loan syndicates. The biases are … credits. In addition, we find that low-capital banks' risk estimates have less explanatory power than those of high …

This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to … estimate bank biases at the credit-level by comparing bank generated risk estimates within loan syndicates. The biases are … addition, we find that low-capital banks' risk estimates have less explanatory power than those of high-capital banks with …

insurance such that their overall risk did not increase meaningfully. We discuss the implications of our results in the light of …

management of transition risk exposures. Banks that signed the Net-Zero Alliance have reduced their exposures compared to non …

' leveraged lending activity, but it is less clear whether it accomplished its broader goal of reducing the risk that these loans … macroprudential policy goals, and the challenge that the revolving door of risk poses to the effectiveness of macroprudential …

loans they sell to CLOs. We find that banks put less weight on the hard information on borrower risk available to them when …

’ leveraged lending activity, but it is less clear whether it accomplished its broader goal of reducing the risk that these loans … macroprudential policy goals, and the challenge that the revolving door of risk poses to the effectiveness of macroprudential …