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Fostering green investments and tackling climate-related financial risks : which role for macroprudential policies?
D'Orazio, Paola; Popoyan, Lilit - 2018
verstehen, unter welchen Bedingungen die makroprudentäre Politik den Klimawandel bekämpfen und die umweltfreundliche …
Persistent link: https://www.econbiz.de/10011932149
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Climate change as a systemic risk : are macroprudential authorities up to the task?
Grünewald, Seraina Neva - 2020
There is growing acknowledgement among policymakers that climate change may give rise to potentially catastrophic financial risk and impact financial stability. This paper explores the specific features of climate-related financial risks (CRFR), drawing on a growing body of macrofinancial...
Persistent link: https://www.econbiz.de/10012427917
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Floods and financial stability : scenario-based evidence from below sea level
Caloia, Francesco G.; Ginkel, Kees C. H. van; Jansen, … - 2023 - This version: 20 December 2023
We study whether floods can affect financial stability through a credit risk channel. Our focus is on the Netherlands, a country situated partly below sea level, where insurance policies exclude property damages caused by some types of floods. Using geocoded data for close to EUR 650 billion in...
Persistent link: https://www.econbiz.de/10014450613
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Financial stability and climate change
Fabris, Nikola - In: Journal of central banking theory and practice 9 (2020) 3, pp. 27-43
Fighting climate change is one of the biggest challenges in the 21st century. Climate change that leads to global warming has been increasingly visible in our environment. Extreme weather conditions such as hurricanes, floods, and droughts have been escalating and their acceleration can be...
Persistent link: https://www.econbiz.de/10012306780
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Post Global Financial Crisis Export Inefficiencies of India : a Baseline for Post COVID Analyses
Miankhel, Adil Khan; Kalirajan, Kaliappa - 2020
investigates the prevalence of inefficiencies during the post GFC period (2010-18) in India. A stochastic frontier gravity model is … variable and five dimensions of the Economic Freedom Index (EFI) as explanatory variables for India and at an aggregate level … environment of India during the period of analysis, which can be mainly attributed to the November 2016 sudden implementation of …
Persistent link: https://www.econbiz.de/10014352025
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'Offsetting' Crisis? - Climate Change Cap and Trade Need Not Contribute to Another Financial Meltdown
Flatt, Victor Byers - 2012
In 2009, the promise of a comprehensive federal cap and trade bill to address climate change fell apart. At least in part, this was due to the fears that exotic 'carbon' financial instruments might cause more financial crises. As California launches it economy wide carbon trading system, and...
Persistent link: https://www.econbiz.de/10013107537
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Climate Change and Financial Stability : A Risk Assessment of Investment Funds
Jourde, Tristan; Koné, Kolotcholoma - 2023
This paper studies the exposure of European investment funds to transition climate risks and its implications for the rest of the financial system. Based on granular data on investment funds’ assets and liabilities, we measure the percentage of brown assets in funds' portfolios and the extent...
Persistent link: https://www.econbiz.de/10014350314
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Green Swan : How Climate Change is Altering the Global Financial Landscape
Zhukova, Anastasiia - 2023
Nowadays climate change and global warming tend to be considered primarily through the lens of environmental degradation and increased frequency of natural calamities. Meanwhile, it is pivotal to note that the implications of this process are reaching far beyond these trends, affecting the...
Persistent link: https://www.econbiz.de/10014355257
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Risks on Global Financial Stability Induced by Climate Change
Mandel, Antoine - 2020
There is increasing concern among financial regulators that changes in the distribution and frequency of extreme weather events induced by climate change could pose a threat to global financial stability. In order to assess this risk, we develop a simple model of the propagation of...
Persistent link: https://www.econbiz.de/10012831267
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Climate Change, Financial Stability and Monetary Policy
Dafermos, Yannis - 2019
Using a stock-flow-fund ecological macroeconomic model, we analyse (i) the effects of climate change on financial stability and (ii) the financial and global warming implications of a green quantitative easing (QE) programme. Emphasis is placed on the impact of climate change damages on the...
Persistent link: https://www.econbiz.de/10012896323