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A Climate Stress-Test of the Financial System
Battiston, Stefano; Mandel, Antoine - 2020
The urgency of estimating the impact of climate risks on the financial system is increasingly recognized among scholars and practitioners. By adopting a network approach to financial dependencies, we look at how climate policy risk might propagate through the financial system. We develop a...
Persistent link: https://www.econbiz.de/10012855741
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Adverse Climate Incidents and Bank Loan Contracting
Anginer, Deniz; Hrazdil, Karel; Li, Jiyuan; Zhang, Ray - 2021
We investigate how a borrower’s adverse climate-related incidents affect bank loan contracting. Using a sample of 2 …-sectional tests, we find that the intensity and influence of adverse climate-related incidents exacerbate the pricing of bank loans …
Persistent link: https://www.econbiz.de/10013242700
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The Impact of Climate Change on the Cost of Bank Loans
Javadi, Siamak; Masum, Abdullah Al - 2021
higher spreads on their bank loans. To alleviate the concerns related to using firms’ headquarters in determining climate …
Persistent link: https://www.econbiz.de/10013246443
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The color of corporate loan securitization
Müller, Isabella; Nguyen, Huyen; Trang Nguyen - Leibniz-Institut für Wirtschaftsforschung Halle - 2022
We examine whether banks manage firms’ climate transition risks via corporate loan securitization. Results show that banks are more likely to securitize loans granted to firms that become more carbon-intensive. The effect is more pronounced if banks have a lower willingness to adjust loan...
Persistent link: https://www.econbiz.de/10013399744
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Climate Risk, Population Migration, and Banks’ Lending and Deposit-Taking Activities
Billings, Mary Brooke; Ryan, Stephen G.; Yan, Han - 2022
Existing research finds that climate-related natural disasters generally have had insignificant effects on banks. In contrast, using forward-looking measures of climate risk at the U.S. county-level, we provide evidence that banks’ non-agency residential mortgage and small business lending as...
Persistent link: https://www.econbiz.de/10014236543
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Flood, farms and credit : the role of branch banking in the era of climate change
Abedifar, Pejman; Kashizadeh, Seyed Javad; Ongena, Steven - In: Journal of corporate finance 85 (2024), pp. 1-26
Persistent link: https://www.econbiz.de/10015070086
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Flooded credit markets : physical climate risk and small business lending
Barbaglia, Luca; Fatica, Serena; Rho, Caterina - 2023
on their loans than non-disaster firms. Floods reduce securitised credit in the local markets, suggesting that physical …
Persistent link: https://www.econbiz.de/10014465205
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Towards a sustainable future : a comprehensive review of Green Sukuk
Alkadi, Rotana S. - In: Review of accounting & finance 23 (2024) 4, pp. 467-488
Persistent link: https://www.econbiz.de/10015047976
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Feeling the Heat : Climate Shocks and Credit Ratings
Cevik, Serhan; Jalles, João Tovar - 2021
Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear … credit ratings. By means of binary-choice models, we find that climate change vulnerability has adverse effects on sovereign … credit ratings, after controlling for conventional macroeconomic determinants of credit worthiness. On the other hand, with …
Persistent link: https://www.econbiz.de/10013250076
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Insurance, weather, and financial stability
Kahn, Charles M.; Panjwani, Ahyan; Santos, João A. C. - 2024
In this paper, we introduce a model to study the interaction between insurance and banking. We build on the Federal Crop Insurance Act of 1980, which significantly expanded and restructured the decades-old federal crop insurance program and adverse weather shocks - over-exposure of crops to heat...
Persistent link: https://www.econbiz.de/10014551978