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The banking instability and climate change: Evidence from China
16 references·3 citing·41 second hop
The banking instability and climate change: Evidence from China (2021)The banking instability and climate chang…Climate change challenges for central banks and financial regulators (2018)Climate change challenges for…CoVaR (2016)CoVaRA Climate Stress-Test of the Financial System (2016)A Climate Stress-Test of the …Global non-linear effect of temperature on economic production (2015)Global non-linear effect of t…The VIX, the variance premium and stock market volatility (2014)The VIX, the variance premium…On the network topology of variance decompositions: Measuring the connectedness of financial firms (2014)On the network topology of va…Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation (2012)Managing the Risks of Extreme…Econometric measures of connectedness and systemic risk in the finance and insurance sectors (2012)Econometric measures of conne…DebtRank: Too Central to Fail? Financial Networks, the FED and Systemic Risk (2012)DebtRank: Too Central to Fail…The Network of Global Corporate Control (2011)The Network of Global Corpora…The Economic Effects of Climate Change (2009)The Economic Effects of Clima…Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets (2008)Measuring Financial Asset Ret…Exogenous Oil Supply Shocks: How Big Are They and How Much Do They Matter for the U.S. Economy? (2008)Exogenous Oil Supply Shocks: …Does function follow organizational form? Evidence from the lending practices of large and small banks (2005)Does function follow organiza…Liquidity Preference as Behavior Towards Risk (1958)Liquidity Preference as Behav…PORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Path analysis of green finance on energy transition under climate change (2024)Path analysis of green financ…Climate risk and the systemic risk of banks: A global perspective (2024)Climate risk and the systemic…Financial risk under the shock of global warming: Evidence from China (2023)Financial risk under the shoc…Geography and Economic Development (1998)Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution (2001)The Economics of Climate Change: The Stern Review (2007)Temperatures and cyclones strongly associated with economic production in the Caribbean and Central America (2010)Estimating economic damage from climate change in the United States (2017)Heterogeneous green innovations and carbon emission performance: Evidence at China's city level (2021)The Penn World Table (Mark 5): An Expanded Set of International Comparisons, 1950-1988 (1991)A new scenario framework for climate change research: the concept of shared socioeconomic pathways (2013)Social and economic impacts of climate (2016)The irreversible momentum of clean energy (2017)Macroeconomics and Reality (1980)Generalized impulse response analysis in linear multivariate models (1998)Better to give than to receive: Predictive directional measurement of volatility spillovers (2011)SRISK: A conditional capital shortfall measure of systemic risk (2017)Measuring the Frequency Dynamics of Financial Connectedness and Systemic Risk* (2018)Refined Measures of Dynamic Connectedness based on Time-Varying Parameter Vector Autoregressions (2020)The robustness of identified VAR conclusions about money (1998)No Contagion, Only Interdependence: Measuring Stock Market Comovements (2002)A NEW MEASURE OF RANK CORRELATION (1938)Asset pricing and the bid-ask spread (1986)Liquidity Risk and Expected Stock Returns (2003)Measuring Systemic Risk (2016)The Nature of the Firm (1937)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Specification Tests in Econometrics (1978)Distance, Lending Relationships, and Competition (2005)A more complete conceptual framework for SME finance (2006)How does capital affect bank performance during financial crises? (2013)Evaluating Interval Forecasts (1998)Liquidity and leverage (2008)Market Liquidity and Funding Liquidity (2008)Quantile Connectedness: Modeling Tail Behavior in the Topology of Financial Networks (2022)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Disaster Resilience: A National Imperative (2013)Quantifying the Influence of Climate on Human Conflict (2013)Global warming has increased global economic inequality (2019)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
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References

  • 1952PORTFOLIO SELECTION*13,480 cited
  • 2012Managing the Risks of Extreme Events and Disasters to Advance Climate Change Adaptation7,235 cited
  • 2014On the network topology of variance decompositions: Measuring the connectedness of financial firms4,694 cited
  • 1958Liquidity Preference as Behavior Towards Risk3,916 cited
  • 2008Measuring Financial Asset Return and Volatility Spillovers, with Application to Global Equity Markets3,131 cited
  • 2015Global non-linear effect of temperature on economic production2,901 cited
  • 2012Econometric measures of connectedness and systemic risk in the finance and insurance sectors2,527 cited
  • 2016CoVaR2,395 cited
  • 2005Does function follow organizational form? Evidence from the lending practices of large and small banks1,888 cited
  • 2009The Economic Effects of Climate Change1,260 cited
  • 2016A Climate Stress-Test of the Financial System1,184 cited
  • 2008Exogenous Oil Supply Shocks: How Big Are They and How Much Do They Matter for the U.S. Economy?926 cited
  • 2012DebtRank: Too Central to Fail? Financial Networks, the FED and Systemic Risk919 cited
  • 2018Climate change challenges for central banks and financial regulators844 cited
  • 2011The Network of Global Corporate Control

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827 cited
  • 2014The VIX, the variance premium and stock market volatility812 cited
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    • 2024Climate risk and the systemic risk of banks: A global perspective63 cited
    • 2024Path analysis of green finance on energy transition under climate change62 cited
    • 2023Financial risk under the shock of global warming: Evidence from China26 cited