We find that green bonds exhibit higher capacity to borrow foreign capital in local currency than regular bonds issued by the same firm, which reduces currency mismatch risk in corporates' balance sheets while increasing that in investors'. We further show that this is driven by climate policy,...

Observers repeatedly predict that climate change will lead and is already causing massive migration with very large numbers of people forced to leave their homes in cataclysmic waves of climate refugees. Yet, most of the empirical research on the contemporary link between climate change and...

Catastrophes caused by natural disasters are by no means new, yet the evolving understanding of their relevance to economic development and growth is still in its infancy. In order to facilitate further necessary research on this topic, this paper summarizes the state of the economic literature...