Climate factor and banks’ resilience: Evidence from US banks

Authors

  • Iraklis Apergis University of Kent
  • Nicholas Apergis University of Piraeus

DOI:

https://doi.org/10.17811/ebl.11.4.2022.143-149

Keywords:

climate change, banks' resilience, US banks

Abstract

This study explores how the climate factor impacts the resilience of the US banking system. Using an extended sample of banks, spanning the period 2000-2020, the findings document a negative effect of this climate factor on banks’ resilience. They also highlight the role of climate risk over the post-global financial crisis period. The results could have a substantial value as climate conditions can serve as an early warning system for policymakers and regulators in detecting signs of weakness, calling for immediate actions to mitigate potential vulnerabilities of banks.

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Published

07-12-2022

How to Cite

Apergis, I., & Apergis, N. (2022). Climate factor and banks’ resilience: Evidence from US banks. Economics and Business Letters, 11(4), 143–149. https://doi.org/10.17811/ebl.11.4.2022.143-149

Issue

Vol. 11 No. 4 (2022): December

Section

Articles

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