Borrowing-Firm Emission Trading, Bank Rate-Setting Behavior, and Carbon-Linked Lending under Capital Regulation
學年 110
學期 2
出版（發表）日期 2022-05-28
作品名稱 Borrowing-Firm Emission Trading, Bank Rate-Setting Behavior, and Carbon-Linked Lending under Capital Regulation
作品名稱（其他語言）
著者 Shi Chen; Fu-Wei Huang; Jyh-Horng Lin
單位
出版者
著錄名稱、卷期、頁數 Sustainability 14(11), 6633
摘要 The article develops a capped barrier option model to evaluate a bank’s equity. We explore the effects of borrowing-firm carbon emission trading on bank carbon-linked lending, explicitly considering borrowing-firm credit risks under capital regulation. We also integrate the regulatory compensation for bank low-carbon lending with borrowing-firm carbon allowance transactions in the emission trade scheme. Results show that an increase in the regulatory low-emitter lending compensation decreases loans at an increased interest margin, contributing to bank profitability and stability. The stringent regulatory cap for carbon emission allowances hurts profitability and stability. Strict capital regulation would jeopardize bank performance.
關鍵字 carbon-linked lending;emission trade system;loan rate-setting;capped barrier option
語言 en
ISSN 2071-1050
期刊性質 國外
收錄於 SSCI Scopus
產學合作
通訊作者 Jyh-Horng Lin
審稿制度 是
國別 CHE
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/122722 )

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