Green Finance and the Uncertainty of Economic Policies and the Risk-taking of Commercial Banks
This paper utilizes unbalanced panel data from 36 Chinese commercial banks between 2007 and 2022 to examine the pathways and outcomes of the impact of green finance development on bank risk-taking under increasing economic policy uncertainty.By analyzing the cost effect mechanism,liquidity mechanism and intertemporal risk,the paper reveals that increasing economic policy uncertainty reduces the level of bank risk-taking to some extent.However,the development of green finance enhances the level of bank risk-tak-ing.Additionally,there exists a positive correlation between economic policy uncertainty and the development of green finance.Robustness tests using alternative core explanatory variables and control variables confirm the robustness of the findings.Furthermore,the paper finds that increasing economic policy uncertainty can miti-gate the promoting effect of green finance growth on bank risk-taking,although the extent of this mitigation is limited.
green financeeconomic policyuncertaintycommercial bankrisk-taking
万方数据
维普
