Climate Risk and Financial Instability in Asia-Pacific

Emeka Akpa, Afees Idowu Olayiwola, Chigozie Mark Anthony Abuta and Sheriff Badmus ()
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Sheriff Badmus: Centre for Econometrics and Applied Research, Nigeria

Asian Economics Letters, 2024, vol. 4, issue 3, 1-4

Abstract: In this study, we estimate the effect of climate risk on financial instability in a panel of four developed Asia-Pacific countries from 2001Q1 to 2020Q4. The empirical results show that climate risk leads to a reduction in financial instability, but not significantly. This effect becomes more significant when mean deviation is used as a measure of financial instability.

Keywords: Climate risk; Financial instability; Asia-Pacific; Random effects (search for similar items in EconPapers)
JEL-codes: O16 Q54 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ayb:jrnael:106

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