This paper develops a framework for the short-term modelling of market risk and shock propagation in the investment … in particular climate risk, with a first-of-its-kind dual view of transition and physical climate risk exposures at the … fund level. So far, while fund managers communicate more aggressively on their awareness of climate risk, it is still …

Increasingly adverse climatic conditions have created greater systematic risk for companies throughout the global … economy. Few studies have directly examined the consequences of climate-related risk on financing choices by publicly …-listed firms across the globe. We attempt to do so using the Global Climate Risk Index compiled and published by Germanwatch (Kreft …

and high flooding risk and test for the “core lending channel” hypothesis, whereby lending to the real economy is a …

system in the low-carbon transition can lead to a large underestimation of climate transition risk. The set of scenarios that … financial supervisors recommended to investors to analyse climate transition risk include scenarios labelled as ‘disorderly … reshaped depending on the timing and the extent by which financial actors assess climate risk …

Climate change has been recently recognised as a new source of risk for the financial system. Several financial …) challenge traditional approaches to macroeconomic and financial risk analysis. Embedding climate change in macroeconomic and … supervisors about the integration of climate change considerations in financial risk assessment …

contrast, using forward-looking measures of climate risk at the U.S. county-level, we provide evidence that banks’ non … increasing climate risk of three specific types (hurricanes, water stress, and wildfires) over time. We show that two channels …

than “green” ETFs, especially downside risk beta. Interestingly, we document that non-fundamental demand proxied by fund …

This paper develops a framework for the short-term modelling of market risk and shock propagation in the investment … in particular climate risk, with a first-of-its-kind dual view of transition and physical climate risk exposures at the … fund level. So far, while fund managers communicate more aggressively on their awareness of climate risk, it is still …