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of this risk and tend to invest in funds with low exposure to brown assets …
Persistent link: https://www.econbiz.de/10014350314
financial markets. The climate related risk is divided into three subcategories, the environmental uncertainty, the economic … climate risk and the climate policy risk, which all of them may affect the markets directly or indirectly. The perspective is … market valuation of the climate risk. …
Persistent link: https://www.econbiz.de/10011440405
change is a source of financial risk and thus a part of the mandate of central banks and supervisors in preserving financial … stability. This type of risk has not been given enough attention by either supervisors or financial institutions over the past …
Persistent link: https://www.econbiz.de/10012306780
We investigate financial experts' beliefs about climate risk pricing and analyze how those beliefs influence stock …
Persistent link: https://www.econbiz.de/10014535704
We propose a measure of investors' climate sentiment by performing sentiment analysis on StockTwits posts on climate change and global warming. We find that when investors' climate sentiment is high, emission stocks are relatively overpriced. Moreover, we show that an increase in carbon prices...
Persistent link: https://www.econbiz.de/10013242744
While climate change was largely tackled by government policies in the past, central banks are increasingly grappling with the risks climate change poses. They are evaluating their operational policies to reflect these risks and the transition to a net-zero economy. This paper explores the...
Persistent link: https://www.econbiz.de/10014450598
Its conceptual appeal has made the Conditional Value at Risk (CoVaR) one of the most influential systemic risk …-series dimension of systemic risk. The dynamics of the CoVaR are entirely due to the behaviour of the state variables and therefore … component that we introduce does not affect the estimations for the risk of individual financial institutions, but it largely …
Persistent link: https://www.econbiz.de/10013211507
Persistent link: https://www.econbiz.de/10012887903
well as financial stability risks – with the impact of Securities Financial Transactions on systemic risk, also being taken …
Persistent link: https://www.econbiz.de/10012829991
Persistent link: https://www.econbiz.de/10012794085