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| Type | Journal Article |
| Scope | Discipline-based scholarship |
| Title | Climate policy and cross-border lending: evidence from the syndicated loan market |
| Organization Unit | |
| Authors |
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| Item Subtype | Original Work |
| Refereed | No |
| Status | Published in final form |
| Language |
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| Journal Title | Economic and Political Studies |
| Publisher | Taylor & Francis |
| Geographical Reach | international |
| ISSN | 2095-4816 |
| Volume | 9 |
| Number | 4 |
| Page Range | 463 - 476 |
| Date | 2021 |
| Abstract Text | Do cross-country differences in climate policy influence bank lending? This paper focusses on the period 2007–2017 and uses syndicated loan-level data to examine if the stringency of home-country climate policies increases cross-border bank lending. Loan fixed effects allow us to disentangle loan demand from supply and to control for unobserved and observed loan and firm characteristics. I find evidence that a strict home-country climate policy is associated with an increase in banks’ cross-border loan shares. This suggests that the transition to a low-carbon economy might be threatened if global coordination between governments is not enforced. |
| Official URL | https://www.tandfonline.com/doi/full/10.1080/20954816.2021.1976904 |
| Digital Object Identifier | 10.1080/20954816.2021.1976904 |
| Other Identification Number | merlin-id:21603 |
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