Climate change and environmental risks are increasingly recognized as a concern for financial authorities, yet empirical evidence of the damage for bank balance sheets is relatively scant. This paper provides preliminary estimates of the aggregate impact of physical risks from climate and environmental-related natural disasters on bank balance sheets across 184 countries over nearly 40 years. Using the local projection method, the analysis finds that...
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2023/02/28
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Documento de trabalho sobre pesquisa de políticas
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WPS10326
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1
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2023/02/28
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Disclosed
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Banking Sector Risk in the Aftermath of Climate Change and Environmental-Related Natural Disasters
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