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...
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| Kolejni autorzy: | , |
| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
2021.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2021/228 |
| Hasła przedmiotowe: | |
| Dostęp online: | Full text available on IMF |