Does climate change affect bank lending behavior?
利用2015年巴黎协定后土耳其省级空气污染和贷款增长数据，研究发现银行在污染更严重的省份限制信贷扩张，表明银行会考虑气候变化风险并调整信贷配置。
We examine how banks adjust credit supply in areas with higher exposure to climate risks by utilizing the province-level air pollution and loan growth data of a large emerging market, Turkey, following the Paris Agreement in 2015. Our results show that banks limit their credit extension to more polluted provinces in the post-agreement interval, implying that banks consider climate change-related risks and adjust their credit provisioning accordingly. Our baseline findings are intact against a myriad of robustness checks. We also find that the shift in the climate risk-credit provisioning nexus is asymmetric depending on the levels of air pollution.