Showing 1 - 10 of 566
We explore the design of climate stress tests to assess and manage macro-prudential risks from climate change in the financial sector. We review the climate stress scenarios currently employed by regulators, highlighting the need to (i) consider many transition risks as dynamic policy choices;...
Persistent link: https://www.econbiz.de/10014249918
the great financial crisis of 2008-09, the issue of trade finance re-emerged as a matter of urgency. While the current … pandemic-related crisis did not have a financial cause, one of its results has been that many countries are experiencing … structural trade finance gaps were high even before the pandemic. As the health crisis developed and persisted, banks experienced …
Persistent link: https://www.econbiz.de/10012438361
We examine the supply-side characteristics - unskilled labor, imported input intensity, dependence on inputs from China, production complexity - that determine different potential vulnerabilities of traded products to the COVID-19 pandemic. Relying on monthly exports at the product level by all...
Persistent link: https://www.econbiz.de/10013167964
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich … globally engaged firms is their heightened response to the crisis by finding novel ways to adapt supply chains even in the …
Persistent link: https://www.econbiz.de/10013183698
We investigate how preferences have been affected by exposure to the COVID-19 crisis. Our main contributions are: first … effects of the crisis, we also analyze within each wave during the crisis, how differential exposure to the crisis in the … health and financial domain affects preferences. We find that preferences remain remarkably stable during the crisis …
Persistent link: https://www.econbiz.de/10014322048
We analyse the link between supply chains and the extent to which the Great Recession has affected national economies. Our analysis is in two steps, namely first for value added measures of supply chains and then for the Grubel-Lloyd index using gross-export data. Regarding value added measures...
Persistent link: https://www.econbiz.de/10011659477
We show that digital capital and working from home were essential for the resilience of local labour markets in the … context of the COVID-19 crisis in Germany. Employment responses differed widely across local labour markets, with differences … difference-in-differences approach with a continuous treatment, we find that pre-crisis digital capital potential reduced short …
Persistent link: https://www.econbiz.de/10014530431
This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of guarantees for German Landesbanken which results in lower credit ratings, higher funding costs, and a loss in franchise value. This removal was announced in 2001, but...
Persistent link: https://www.econbiz.de/10010257239
risk for domestic investors have increased since the 2010 financial crisis. …
Persistent link: https://www.econbiz.de/10014383613
We propose a novel method of Mean-Capital Requirement portfolio optimization. The optimization is performed using a parallel framework for optimization based on the Nondominated Sorting Genetic Algorithm II. Capital requirements for market risk include an additional stress component introduced...
Persistent link: https://www.econbiz.de/10011587953