1. An Overview of the Sustainability-Financial Risk Nexus -- 2. The Impact of Climate Change on the Banking and Insurance Industries -- 3. The Transition to a Low-carbon Economy and Stranded Assets -- 4. Sustainability-related Risks, Risk Management Frameworks and Financial Disclosure -- 5....

A stable net external position requires that the trade balance responds negatively to changes in the net external position. If financial integration makes financing external imbalances less costly, we expect slower external adjustment in more integrated economies. The study estimates...