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Persistent link: https://www.econbiz.de/10009731090
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10009722000
That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
Persistent link: https://www.econbiz.de/10013084012
Persistent link: https://www.econbiz.de/10013167535
economy and on the credit market conditions. We analyze the risk transmission channels from the credit market to the economy …
Persistent link: https://www.econbiz.de/10012843863
The role of development finance institutions in low-income and emerging countries is fundamental to provide long-term capital for investments in climate mitigation and adaptation. Nevertheless, development finance institutions still lack sound and transparent metrics to assess the exposure of...
Persistent link: https://www.econbiz.de/10012921505
financial networks, which allows for analyzing the transmission throughout the economy of positive or negative shocks induced by … feedback loops between the financial sector and the real economy both through direct and indirect chains of financial exposures … financial sector and then cascade on the real economy. Our analysis helps to understand the conditions for virtuous or vicious …
Persistent link: https://www.econbiz.de/10012932022
Climate change has been recently recognised as a new source of risk for the financial system. Several financial supervisors with a financial stability mandate have recently recommended that investors and financial institutions need to assess their exposure to climate-related financial risks and...
Persistent link: https://www.econbiz.de/10013247800
activities in the economy of countries. We demonstrate that an investor's Value at Risk andExpected Shortfall have low …
Persistent link: https://www.econbiz.de/10012849466
While there is a broad understanding that the financial system can play a major enabling role in achieving the low-carbon transition, it is not well understood under which specific conditions such an orderly transition scenario when finance works as an enabler could occur. Even more importantly,...
Persistent link: https://www.econbiz.de/10013245676