Local Banks and flood risk: the case of Germany
JRC Working Papers in Economics and Finance, 2023/13
This paper uses a simulation model to evaluate the effects of river flooding events occurring within Germany on regional’ banks.Under a 1.5℃ increase in temperature, the impact is overall rather small, even accounting for the devaluation of loans exposed to floods. However, under a 3℃ increase, bank losses can reach 1% of total assets. We show that the implementation of adaptation solutions would be successful in keeping risks at the current level.
PAGANO Andrea;
BELLIA Mario;
DI GIROLAMO Francesca;
PAPADOPOULOS Georgios;
2023-12-14
European Commission
JRC136411
https://publications.jrc.ec.europa.eu/repository/handle/JRC136411,
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