Artikel
Uncoordinated climate policies: Implications for cross-border lending
There are substantial differences across countries regarding climate policy stringency. Banks react to a stricter climate policy at home by increasing their cross-border lending to countries with laxer climate policies. The evidence is consistent with the adverse effect of transitional climate risks on firms, possibly reducing banks' domestic loan portfolio performance. Global coordination in climate policies is needed to prevent race-to-the-bottom behavior
- Sprache
-
Englisch
- Erschienen in
-
Journal: EconPol Forum ; ISSN: 2752-1184 ; Volume: 24 ; Year: 2023 ; Issue: 1 ; Pages: 28-30
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Benincasa, Emanuela
Kabas, Gazi
Ongena, Steven
- Ereignis
-
Veröffentlichung
- (wer)
-
CESifo GmbH
- (wo)
-
Munich
- (wann)
-
2023
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Benincasa, Emanuela
- Kabas, Gazi
- Ongena, Steven
- CESifo GmbH
Entstanden
- 2023
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