We explore the design of climate stress tests to assess and manage macroprudential risks
from climate change in the financial sector. We review the climate stress scenarios currently …

Cross-border mergers and acquisitions (M&A) constitute an important phenomenon due to
their volumes, frequencies, and strategic relevance for business practice. Academia has …

Using data on syndicated loans, we find that the introduction of a carbon tax is associated
with a decline (increase) in bank lending to coal, oil, and gas companies in domestic …

Does an increase in credit supply affect firms' likelihood to invest in green technologies? To
answer this question, we use text algorithms to extract information on green investments …

We develop a bottom-up measure of US banks' exposures to climate transition risks from the
carbon footprint of their syndicated loan portfolios. Transition risk exposures have declined …

Net zero transition plans are set to become a key part of the pathway to implementing the
Paris Agreement. Just as governments need detailed plans to show how they will deliver …

This literature review describes the recent empirical literature in economics and finance
focusing on how climate change‐related risks affect banks, with a particular emphasis on …

One of the key pillars of the European Green Deal is a renewed sustainable finance strategy
to finance sustainable growth and to channel private investments towards projects that …

What is the response of bank foreign subsidiaries to climate policy in their host countries?
This paper finds that global banks with high environmental performance increase their …

Ambitious climate policy, coupled with financial frictions, has the potential to create
macrofinancial stability risk. Such stability risk may expand beyond the economy …