S5 Ep46: How does climate change affect asset prices?
Oct 14, 2022•22 min•Season 5Ep. 46
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Episode description
Heat stress from climate change affects the economy, so does it change the cost of issuing debt or the return on equities? Viral Acharya has investigated how this climate risk is priced, and he tells Tim Phillips how it raises the cost of borrowing most for the places and firms that can least afford it.
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