The E-axes Forum on Climate Change, Macroeconomics, and Finance

U.S. Banks’ Exposures to Climate Transition Risks

Climate change can pose risks to banks through the transition to a low-carbon economy. Hyeyoon Jung (New York Federal Reserve Bank) and her co-authors João A.C. Santos, and Lee Seltzer in their new paper investigate the impact of climate transition policies on U.S. banks’ credit risk. Their results are surprising.

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