Do Banks Price Environmental Transition Risks? : Evidence from a Quasi-Natural Experiment in a Chinese Province /

This paper assesses the financial risks arising from transition toward a low-emission economy. The environmental DSGE model shows tightening environmental regulation impairs firms' balance sheets, and consequently threatens financial stability in the short term. The empirical analysis indicates...

Descrición completa

Detalles Bibliográficos
Autor Principal: Huang, Bihong
Outros autores: Punzi, Maria Teresa, Wu, Yu
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2021.
Series:IMF Working Papers; Working Paper ; No. 2021/228
Subjects:
Acceso en liña:Full text available on IMF