Climate‐Neutrality Transition and Banks' Loan Pricing
Abstract In this paper, we propose a novel methodology to quantify firms' climate‐change transition risk (CCTR) and its implications for credit markets. We utilize the regulatory framework of the European Green Deal's 2050 carbon neutrality roadmap, focusing on large Eurozone firms and their banking relationships.
Evangelos Salachas +2 more
wiley +1 more source
Financial Fragility and the Fiscal Multiplier
Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK +1 more
wiley +1 more source
Risk Assessment of Dibutyl Phthalate (DBP) and Bis(2-Ethylhexyl) Phthalate (DEHP) in Hot Pot Bases with a Hybrid Modeling Approach. [PDF]
Bian X +10 more
europepmc +1 more source
A Unified Approach to Estimating Production Functions: Proxy Variables and Dynamic Panel Data
ABSTRACT We propose a new approach to production function estimation that integrates the strengths of the proxy‐variable (PV) and dynamic panel data (DPD) methods. Our framework augments the set of instruments for the level equation in Blundell and Bond [8] with a Berkson‐type instrument motivated by economic theory, following Olley and Pakes [28 ...
Jose Miguel Abito +1 more
wiley +1 more source
Assessing Black Carbon and Iron Oxide Aerosols: A Comparative Study between Urban and Rural Environments in the Southeastern U.S. [PDF]
Suri S +9 more
europepmc +1 more source
Effect of sintering cycle on the strength and translucency of multilayered zirconia
Abstract Purpose A newly introduced sintering protocol promises to offer higher translucency while not significantly compromising the flexural strength of the material. However, the effect of the novel sintering protocol has not been thoroughly validated.
Kedith Sawangsri +3 more
wiley +1 more source
Towards three-dimensional discrete fracture network modeling using integrated multidimensional outcrop data. [PDF]
Racolte G +6 more
europepmc +1 more source
Contingent capital: A tale of two valuations
Abstract This study investigates the valuation gap between buyers and sellers of insurers' contingent capital, driven by asymmetric exposures to tax benefits, capital injections, and bankruptcy costs. We develop a novel Twin‐Tree Model with Jumps (TTMJ) that models the insurer's asset value dynamics by incorporating catastrophe risk, insolvency risk ...
Tian‐Shyr Dai +3 more
wiley +1 more source
Applying Extreme Value Theory to a Century of Ammonium Nitrate Disasters: Persistent Safety Risks in Chemical Supply Chains. [PDF]
Sin G.
europepmc +1 more source
ABSTRACT The anti‐parasitic drug moxidectin is a frontline treatment for sarcoptic mange in bare‐nosed wombats (Vombatus ursinus), a disease causing significant animal welfare issues and instances of local population declines. Despite widespread usage, knowledge of species‐specific pharmacokinetics of moxidectin in bare‐nosed wombats is still limited ...
E. K. Stott +12 more
wiley +1 more source

