Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272153 
Year of Publication: 
2023
Citation: 
[Journal:] EconPol Forum [ISSN:] 2752-1184 [Volume:] 24 [Issue:] 1 [Year:] 2023 [Pages:] 28-30
Publisher: 
CESifo GmbH, Munich
Abstract: 
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
Document Type: 
Article

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