ECB economists Mariassunta Giannetti, Martina Jasova, Maria Loumioti and Caterina Mendicino in this paper point to glossy green banks: Using confidential information on banks’ portfolios, inaccessible to market participants, we show that banks that emphasize the environment in their...

ECB economists Mariassunta Giannetti, Martina Jasova, Maria Loumioti and Caterina Mendicino in this paper point to glossy green banks: Using confidential information on banks’ portfolios, inaccessible to market participants, we show that banks that emphasize the environment in their disclosures extend a higher volume of credit to brown borrowers, without charging higher interest rates or […]

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