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CB-LMs: language models for central banking
Excess Liquidity, Cryptocurrency Returns, and the Moderating Role of Economic Policy Uncertainty
Asymmetric systemic risk
Banking competition and regulation with diverse business models
Deposit insurance system and commercial bank risk-taking–Based on the corporate governance and leverage
The role of loan supply and demand dynamics in housing loan expansion and housing price cycles
Temperature anomalies and labor market heterogeneity in South Korea
Mutual funds and climate news
Do banks price environmental risk? Only when local beliefs are binding!
<div> What is the impact on the cost of bank credit of local corporate environmental and biodiversity exposure? At loan origination, banks charge higher rates to firms creating more environmental damage, especially when they are lowly capitalized, and when the firms operate in “greener” states with lower climate denial and more negative environmental news. Biodiversity risk is also priced, especially when public interest in it intensifies. Following the Trump withdrawal from Paris, banks modulate their environmental risk pricing in “browner” states. In sum, environmental risk pricing in bank lending is also driven by local beliefs and attitudes. </div>