The Impact of Climate Change on Financial Stability

被引：1
|
作者：
Wu, Lingke [1 ,2 ]
Liu, Dehong [2 ]
Lin, Tiantian [3 ]
机构：
[1] Beijing Jiaotong Univ, Sch Econ & Management, Beijing 100044, Peoples R China
[2] Beijing Jiaotong Univ, Beijing Lab Natl Econ Secur Early Warning Engn, Beijing 100044, Peoples R China
[3] Huaqiao Univ, Sch Econ & Finance, Quanzhou 362011, Peoples R China
来源：
SUSTAINABILITY | 2023年 / 15卷 / 15期
关键词：
climate change risks; financial stability; temperature deviation; TEMPERATURE SHOCKS; NATURAL DISASTERS; RISK; INCREASE;
D O I：
10.3390/su151511744
中图分类号：
X [环境科学、安全科学];
学科分类号：
08 ; 0830 ;
摘要：
Climate risks and response policies have important impacts on a country's macroeconomic development and financial stability. Based on the data from 2005 to 2020, this paper takes temperature deviation as the main representative variable of climate risk to study the impact of climate change on financial stability. The two-way fixed-effect results show that there is a negative relationship between temperature deviation and financial stability, and the influence of temperature deviation has a lag. However, the effects of temperature deviation on financial stability varied across the samples. The central provinces, non-coastal provinces, non-Yangtze River Delta and Pearl River Delta provinces, and risk zone I had stronger temperature responses and financial stability was affected to a greater extent. The other regions experienced less of an impact.
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页数：18
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