Department Profiles
Research Profiles of the IWH Departments All doctoral students are allocated to one of the four research departments (Financial Markets – Laws, Regulations and Factor Markets –…
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Placement News
Placement News IWH-DPE graduate placements 2024: St Andrews and the Bank of England Eleonora Sfrappini from the Financial Markets department and Tommaso Bighelli from the…
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Halle Institute for Economic Research
Job Market candidates from the IWH-DPE 2025/2026 Marius Fournés' dissertation explores how climate policy shapes cross-border capital flows and how globalisation influences…
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FINPRO 4
FINPRO 4 25-26 September 2024 - Barcelona (ESADE) The FINPRO4 Conference took place on 25-26 September 2024 at ESADE Business School in Barcelona. Thanks to the support of our…
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ProdTalks
CompNet ProdTalks CompNet ProdTalks is a monthly recurring 1.5 hour virtual event, two selected papers will be presented including presentation, discussion and Q&A. The top ic…
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3rd FINPRO - Finance and Productivity Conference
3rd FINPRO - Finance and Productivity Conference A conference jointly organised by the Bank of Italy, CEPR, CompNet, EBRD & IWH. The topic of this year's FINPRO conference was:…
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2nd FINPRO - Finance and Productivity Conference
2nd FINPRO - Finance and Productivity Conference A conference jointly organised by the Competitiveness Research Network (CompNet), the European Bank for Reconstruction and…
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Charts
Info Graphs Sometimes pictures say more than a thousand words. Therefore, we selected a few graphs to present our main topics visually. If you should have any questions or would…
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IWH at 2020 ASSA Annual Meeting in San Diego
IWH at 2020 ASSA Annual Meeting in San Diego Next year’s 2020 ASSA Annual Meeting , organised by the American Economic Association (AEA) on an annual basis, is going to take place…
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Climate Stress Tests, Bank Lending, and the Transition to the Carbon-neutral Economy
Larissa Fuchs, Huyen Nguyen, Trang Nguyen, Klaus Schaeck
IWH Discussion Papers,
No. 9,
2024
Abstract
We ask if bank supervisors’ efforts to combat climate change affect banks’ lending and their borrowers’ transition to the carbon-neutral economy. Combining information from the French supervisory agency’s climate pilot exercise with borrowers’ emission data, we first show that banks that participate in the exercise increase lending to high-carbon emitters but simultaneously charge higher interest rates. Second, participating banks collect new information about climate risks, and boost lending for green purposes. Third, receiving credit from a participating bank facilitates borrowers’ efforts to improve environmental performance. Our findings establish a hitherto undocumented link between banking supervision and the transition to net-zero.
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