This paper studies how a climate shock is transmitted through the financial system. Our empirical strategy combines … data on climate and banking with El Niño, a natural experiment producing quasi-random variation in US climate. El Niño … to this shock. Our findings show that supply factors induce the lending reduction and banks with lower physical capital …

Not very. We find that weather disasters over the last quarter century had insignificant or small effects on U.S. banks …

This thought piece identifies three crises facing international law on climate change-normative, economic, and … climate change …

policy shock. Our Simulation results suggest that both Turkey and Poland exhibit pronounced short- to medium …

drawbacks, if any, in Cat bonds and OTC weather derivatives should be addressed in order to lower the likelihood of a “climate …Anthropogenic climate change is rapidly becoming one of the most pressing and troublesome sources for systemic risk in …) weather derivatives and CDS on the other, two main questions must urgently be addressed: (1) whether the root causes for the …