The authors shed light on the role of competitive forces in how banks manage emerging risks and relevant supervisory challenges.

Are people adequately informed about their vulnerability to future climate-related risks, and does their willingness to adapt depend on this knowledge?

We analyze the relationship between climate-related disasters and sovereign debt crises using a model with capital accumulation, sovereign default, and disaster risk.

In this paper, we provide novel theoretical predictions and empirical evidence on how climate risks, specifically the increased risks of coastal flooding due to SLR, affect the mortgage market.

Our findings underscore the persistent and far-reaching influence of historical redlining policies in shaping unequal climate risk exposure.

We use survey data to document a strong heterogeneity in stated degrees of worry about environmental problems across racial groups.

Hurricanes Helene and Milton have put a spotlight on both the immediate and long-term aftermath of such storms.

Evidence from Hurricane Irma suggests that weather events can significantly impact mortgage defaults.

It depends on their respective competitive landscapes.

Severe weather shocks can have long-lasting impacts on the macroeconomy.

A new paper finds evidence of causal effects of historical redlining on present-day exposure to environmental and climate risks in six large U.S. cities.

Evidence highlights the nuanced ways in which participants in the financial markets may be strategically adapting to climate change.

This survey of climate finance research literature highlights key findings and their policy implications.

Some argue that damages from climate change aren't large enough to affect the financial system, but what about amplification effects?

What caused the housing boom and bust of the early 2000s?

A downturn following the collapse of an asset bubble — an episode of speculative booms in asset prices — can be severe and sustained, with output and employment often lower than in the prebubble economy. This Economic Brief considers some possible theoretical explanations.

Recent hurricanes have brought attention to potential vulnerabilities in how flood risk is managed and insured. Hurricane Helene showed that flooding can come from both storm surges and extreme rainfall.