We develop a novel stress testing framework to quantify the risks to the German banking sector from the green transition. Our methodology combines a macro-level and a micro-level approach to calculate scenario-dependent probabilities of default and losses. The macro approach leverages...

We develop a novel stress testing framework to quantify the risks to the German banking sector from the green transition. Our methodology combines a macro-level and a micro-level approach to calculate scenario-dependent probabilities of default and losses. The macro approach leverages...

This study investigates how extreme flood events can indirectly impact the global supply chain through production disruptions. Using a data-driven, agentbased network model that combines company-level data with flood hazard maps, the research simulates the transmission and amplification of...

This study investigates how extreme flood events can indirectly impact the global supply chain through production disruptions. Using a data-driven, agentbased network model that combines company-level data with flood hazard maps, the research simulates the transmission and amplification of...

This paper assesses the impact of floods on credit to European small and medium-sized enterprises (SMEs) using a discrete-time survival model. We find a statistically significant relationship between the default probability of loans to SMEs and floods occurring in the region where the firm is...