Monthly seminars "chaire ACPR"
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The ACPR Research Initiative seminar highlights high-quality research addressing issues of regulation and systemic risk for both banks and insurance firms.
The seminar takes place on the first Wednesday of the month from 10.30 am to 12 am in the premises of the ACPR: 4, place de Budapest, Salle Liège (rez-de-jardin).
The seminar is open to everybody. Registration by email at chaireACPR@acpr.banque-france.fr is free but compulsory in order to attend. If you wish to be informed of upcoming events, please send an email to the same address.
The ACPR Studies Department organizes independent seminars as well: the page dedicated to the ACPR research seminars is available here.
NEXT EVENTWednesday, 14th of November 2024, 10.30 am – 12 pmKlaus Schaeck (University of Bristol) “Climate stress tests, bank lending, and the transition to the carbon-neutral economy”
Abstract: We ask if bank supervisors' efforts to combat climate change affect banks' lending and their borrowers' transition to the carbon-neutral economy. Combining information from the French supervisory agency's climate pilot exercise with borrowers' emission data, we first show that banks that participate in the exercise increase lending to high-carbon emitters but simultaneously charge higher interest rates. Second, participating banks collect new information about climate risks, and boost lending for green purposes. Third, receiving credit from a participating bank facilitates borrowers' efforts to improve environmental performance. Our findings establish a hitherto undocumented link between banking supervision and the transition to net-zero.
Please note that this seminar will take place in a hybrid mode (the seminar will take place at the ACPR 4 Pl. de Budapest, 75009 Paris , and will also be streamed online). (Free) registration (for both in person or online participation) is compulsory by mail at chaireACPR@acpr.banque-france.fr If you opt for online participation, the connection details will be sent to you in the following days. - Article |
PREVIOUS EVENTSWednesday, 2sd of October 2024, 10.30 am – 12 pmOussama Houari (University of Nantes) “Climate Risks and Economic Activity in France : Evidence From Media Coverage”
Abstract: This study investigates the impact of climate risks on economic activity in France. Using natural language processing methods on three major French newspapers (Le Monde, Les Echos, and Le Figaro) in 2000-2023, we construct a measure of climate risks that we disentangle into physical- and transition-risk components. Our findings highlight several transmission channels through which climate risks affect the economy: the business cycle channel, the precautionary savings channel, the inflation channel, and the banking/credit channel. Moreover, while we document the existence of heterogeneous responses to our measures of physical and transition risks, we find that the tone of media covering climate risks matters beyond the frequency of published articles. Our findings show that the media plays a crucial role in influencing public beliefs about climate change related issues.
Please note that this seminar will take place in a hybrid mode (the seminar will take place at the ACPR 4 Pl. de Budapest, 75009 Paris , and will also be streamed online). (Free) registration (for both in person or online participation) is compulsory by mail at chaireACPR@acpr.banque-france.fr If you opt for online participation, the connection details will be sent to you in the following days. - Article
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