Central banks can play a key role in the change in finance needed for the green transition, but green central bank measures may also have an impact on the general public's trust in the institution. Trust, in turn, is crucial for central banks to successfully conduct monetary policy. The...

A globális klímaváltozásból fakadó szélsőségesen meleg időszakok a gazdaság számos területén éreztetik negatív hatásukat. Tanulmányunkban azt vizsgáljuk, hogy az amerikai jelzáloghitelek mekkora része megy a jövőbeni hőhullámoknak leginkább kitett területekre, és...

Purpose: The purpose of this paper is to uncover the relationship between flows and real estate investment at open-ended real estate funds (OEREFs). Design/methodology/approach: The study employs fixed-effects panel regressions, relying on data from the Hungarian fund managers’ trade...

Central banks can play a key role in the change in finance needed for the green transition, but green central bank measures may also have an impact on the general public's trust in the institution. Trust, in turn, is crucial for central banks to successfully conduct monetary policy. The...

The dissertation studies the linkage between residential mortgage lending and local climate projections by directly linking future climate projections to current lender behaviour, using climate data new to the finance literature. The topic has hitherto received little attention in the scientific...

The purpose of this paper is to uncover the relationship between flows and real estate investment at open-ended real estate funds (OEREFs). The study employs fixed-effects panel regressions, relying on data from the Hungarian fund managers' trade association. First, the effect of lagged flows on...

Focusing on euro area stocks around the time of the Russian invasion of Ukraine, we investigate the performance of the individual ESG pillars using an event study methodology. We find that higher governance scores were associated with higher cumulative abnormal stock returns, possibly suggesting...