What is the response of bank foreign subsidiaries to climate policy in their host countries? This paper finds that global banks with high environmental performance increase their presence in countries after local authorities strengthen their climate-related actions. Through their foreign subsidiaries, these banks expand their credit by 4.6 percent following an increase of one-standard deviation in the host country’s climate policy index. Importantly...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2022/12/15
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Рабочий документ в рамках исследования вопросов политики
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WPS10266
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1
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2022/12/15
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Disclosed
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Global Bank Lending under Climate Policy
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
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Официальная версия документа (может содержать подписи, и т.д.)