Nguyen, Duc Duy; Ongena, Steven; Qi, Shusen; Sila, Vathunyoo - 2020
We show that lenders charge higher interest rates for mortgages on properties exposed to a greater risk of sea level rise (SLR). This SLR premium is not evident in short-term loans and is not related to borrowers’ short-term realized default or creditworthiness. Further, the SLR premium is...