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Type | Scientific Publication In Electronic Form |
Scope | Discipline-based scholarship |
Title | "There is no planet B", but for banks there are "countries B to Z": Domestic climate policy and cross-border bank lending |
Organization Unit | |
Authors |
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Language |
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Place of Publication | London |
Publisher | VoxEU, CEPR Policy Portal |
Date | 2021 |
Abstract Text | The stringency of climate policy varies from one country to the next. This column examines global syndicated loans to show that banks increase their cross-border lending in response to greater climate policy stringency in their home country, if the home country has more stringent climate policy than the borrowers' countries. Used in this way as a regulatory arbitrage tool, cross-border lending can reduce the effectiveness of climate policies if global coordination is not enforced. |
Free access at | Official URL |
Official URL | https://voxeu.org/article/domestic-climate-policy-and-cross-border-bank-lending |
Other Identification Number | merlin-id:21626 |
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