Climate change has been recently recognised as a new source of risk for the financial
system. Over the last years, several central banks and financial supervisors have …

How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …

With near unanimity, climate scientists project natural disasters to increase in frequency,
severity, and geographic scope over the next century. We survey academic literature at the …

How do climate risk beliefs affect coastal housing markets? This paper provides theoretical
and empirical evidence. First, we build a dynamic housing market model and show that …

This paper exploits strict flood insurance coverage limits and staggered flood map updates
to show that mortgage lenders offload flood risk to the government through flood insurance …

This article reviews the rapidly proliferating economic literature on climate change and
financial policy. We find:(1) enduring challenges in estimating the statistical properties of a …

Given the influence of climate change, there is an urgent need to discuss how commercial
banks can strengthen their risk management strategies to cope with climate change. Using …

We show that weather-related natural disasters in the United States significantly weaken the
financial stability of banks with business activities in affected regions. This is reflected in …

The increasing frequency and intensity of catastrophic natural disasters have the potential to
stress and imperil banks to the point of compromised viability or even bankruptcy. Using …

There is growing evidence that physical climate hazards—such as floods and wildfires—
affect property prices. Climate change scenarios suggest more frequent and severe physical …