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Climate change, and society's responses to it, present financial risks which impact upon the Bank's objectives. These … the transition to a lower-carbon economy.The Bank's response has two core elements. First, engaging with firms which face … change helps ensure the Bank can fulfil its mission to maintain monetary and financial stability, both now and for the long …
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Recently, “Financial Technology-companies” (FinTechs) are increasingly changing the financial services industry worldwide and impose considerable challenges for regulators tasked to solve the arising trade-off between sound regulation and innovation support. In this regard, regulatory...
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Environmental hostility is posited to halt firms' development and growth. This leads to the expectations that foreign firms that developed their capabilities in more munificent environments and are able to draw on resources via their global network to compensate for local scarcity would emerge...
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We document that lenders react to domestic climate policy stringency by increasing cross-border lending. We use granular fixed effects to control for loan demand and an instrumental variable strategy to establish causality. Consistent with regulatory arbitrage, the positive effect decreases in...
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