Arbeitspapier
Climate change-related regulatory risks and bank lending
We identify the effect of climate change-related regulatory risks on credit reallocation, Our evidence suggests that effects depend borrower's region, Following an increase in salience of regulatory risks, banks reallocate credit to US firms that could be negatively impacted by regulatory interventions, Conversely, in Europe, banks lend more to firms that could benefit from environmental regulation, The effect is moderated by banks' own loan portfolio composition, Banks with a portfolio tilted towards firms that could be negatively affected by environmental policies increasingly support these firms, Overall, our results indicate that financial implications of regulation associated with climate change appear to be the main drivers of banks' behavior.
- ISBN
-
978-92-899-5119-7
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 2670
- Klassifikation
-
Wirtschaft
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Valuation of Environmental Effects
Environmental Economics: Government Policy
- Thema
-
climate change
climate risk
credit reallocation
Paris Agreement
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mueller, Isabella
Sfrappini, Eleonora
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2022
- DOI
-
doi:10.2866/617645
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Mueller, Isabella
- Sfrappini, Eleonora
- European Central Bank (ECB)
Entstanden
- 2022
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