Banking performance, financial stability, economic development, and carbon emissions in BRICS+ using PVAR–GMM analysis
BRICS+における銀行業パフォーマンス、金融安定性、経済発展、および炭素排出：PVAR-GMM分析を用いて (AI 翻訳)
T. Hoang, T. Nguyen, Ho Hoang Gia Bao
🤖 gxceed AI 要約
日本語
本研究は、BRICS+9カ国（2000-2021年）を対象に、銀行業パフォーマンス、金融安定性、経済発展、炭素排出の動的関係をPVAR-GMM分析で調査。結果は経路依存的なシステムを示し、信用拡大は当初排出を増加させるが、2期ラグで反転する。銀行の安定性と収益構造も排出と動的に関連し、環境悪化は非金利収入に圧力をかける。グリーン移行には信用配分の改善、リスク価格設定、銀行の回復力、気候関連監督能力が必要。
English
This study investigates dynamic linkages among banking performance, financial stability, economic development, and carbon emissions across nine BRICS+ countries from 2000 to 2021 using a PVAR-GMM framework. Results indicate a path-dependent system: credit expansion initially predicts higher emissions but reverses in the second lag. Bank stability and income structure are dynamically linked to emissions, and environmental deterioration pressures non-interest income. The findings imply that green financial transition requires improved credit allocation, risk pricing, banking resilience, and climate-related supervisory capacity.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
BRICS+諸国に焦点を当てているが、銀行業と炭素排出の動的関係は、国際展開する邦銀や日本の金融規制当局（金融庁）の気候変動リスク管理、移行金融政策に示唆を与える。特に、信用配分と監督能力の重要性は、日本のGX推進と整合する。
In the global GX context
This paper contributes to the global literature on climate-related financial risks and green finance, relevant to NGFS, TCFD, and ISSB frameworks. It highlights the need for enhanced credit allocation and banking resilience in emerging economies, a key concern for international financial stability and transition finance.
👥 読者別の含意
🔬研究者:This paper provides empirical evidence of dynamic linkages between banking and emissions, useful for researchers studying climate-finance macro linkages.
🏢実務担当者:Bank risk managers can use the findings to understand how environmental deterioration impacts non-interest income and to adjust credit allocation.
🏛政策担当者:Central banks and financial regulators in emerging economies can draw on the results to design climate-related supervision and promote green financial transition.
📄 Abstract（原文）
This study investigates reduced-form dynamic linkages among banking performance, financial stability, economic development, financial development, and carbon emissions across a nine-country BRICS+ analytical sample during 2000–2021. Using a Panel Vector Autoregression-Generalized Method of Moments (PVAR-GMM) framework, the study examines how micro-banking indicators and macro-structural environmental conditions predict one another over time. The findings indicate a path-dependent system. Credit expansion initially predicts higher emissions, while its second-lag response is negative; this sign reversal is interpreted as a short- to medium-run adjustment pattern. Bank stability and bank income structure are also dynamically linked to emissions, but the results are treated as predictive associations supported by impulse response function analysis. Environmental deterioration is associated with subsequent pressure on non-interest income, suggesting that climate-related transition and physical risks may affect banking performance. Overall, the evidence implies that green financial transition in BRICS+ economies depends not only on expanding credit but also on improving credit allocation, risk pricing, banking resilience, and climate-related supervisory capacity.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://link.springer.com/content/pdf/10.1007/s44274-026-00870-6.pdffirst seen 2026-07-10 05:50:44
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