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), the higher its transition risk. Recent Hungarian trends of this indicator alerts to significantly regrowing risks. …
Persistent link: https://www.econbiz.de/10012613333
We ask if bank supervisors’ efforts to combat climate change affect banks' lending and their borrowers’ transition to the carbon-neutral economy. Combining information from the French supervisory agency’s climate pilot exercise with borrowers' emission data, we first show that banks that...
Persistent link: https://www.econbiz.de/10014546249
The insurance industry could potentially play a greater constructive role in mitigating climate risk by aligning with …
Persistent link: https://www.econbiz.de/10014254725
bank climate stress tests and borrowers‘ reductions in transition risk. …
Persistent link: https://www.econbiz.de/10014496853
We examine how banks manage carbon transition risk by selling loans given to polluting borrowers to less regulated … risk, we find that banks’ securitization decisions are sensitive to borrowers’ carbon footprints. Banks are more likely to … securitize brown loans when carbon risk is high but swiftly change to keep these loans on their balance sheets when carbon risk …
Persistent link: https://www.econbiz.de/10014494852
energy-performance of buildings with financial data on mortgages for Germany and identifies two risk drivers - a carbon price …" portfolio compared to a "green" portfolio. Taking climate policy into account in risk management and strategy can reduce the … transition risk and open up new lending opportunities. Financial regulation can promote such behaviour. …
Persistent link: https://www.econbiz.de/10012308888
Persistent link: https://www.econbiz.de/10014487329
reduce NPEs in the subsequent period. In conclusion, climate risk management represents a crucial challenge for the financial …
Persistent link: https://www.econbiz.de/10015065864
This paper analyzes the approaches adopted by institutional investors to manage climate risk in their portfolios and …
Persistent link: https://www.econbiz.de/10011893935
This paper shows that firm credit constraints impair climate policy. Empirically, firms with tighter credit constraints, measured by their distanceto-default, exhibit a relatively smaller emission reduction after a carbon tax increase. We incorporate this channel into a quantitative DSGE model...
Persistent link: https://www.econbiz.de/10014632344