Climate Policy and Dynamics of Commercial Bank Assets and Liabilities
This paper constructs a five-sector theoretical framework,introduces heterogeneous capital inputs,differentiat-ed carbon reduction mechanisms,and rational expectations of climate policy,examines the dynamics of bank assets and li-abilities under climate policy shocks and reveals the role of monetary policy and expectation management in this process.The study finds that implementing climate policies helps accelerate the economic green transformation,but weakens the profitability and risk resistance of the banking sector;implementing climate policies together with green monetary policies can act as a buffer;and the expectation management of climate-related policies by the banking sector can effectively re-duce financial fluctuations and enhance operational stability of the banks.
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