This study examines how climate-related physical and transition risks affect credit risk. We develop a modular framework based on a threshold model for credit migrations, linking the latent credit cycle to key economic indicators to measure credit risk in corporate bond markets. Using historical...

Public support for climate policies that improve the region's resilience is crucial given climate risks. This paper contains the analysis of data from 13,547 respondents across 14 Asian economies, following a survey completed in July 2024. The analysis reveals widespread climate concern (91% of...