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Climate factor and banks’ resilience: Evidence from US banks

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  • Iraklis Apergis
  • Nicholas Apergis

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.

Suggested Citation

  • Iraklis Apergis & Nicholas Apergis, 2022. "Climate factor and banks’ resilience: Evidence from US banks," Economics and Business Letters, Oviedo University Press, vol. 11(4), pages 143-149.
    • Handle: RePEc:ove:journl:aid:18214
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/18214
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