This paper analyses the exposure to climate risk of ABS, an asset class frequently pledged as collateral in the European Central Bank (ECB) refinancing operations. This paper focuses on ABS backed by auto loans or loans granted to Small and Medium Enterprises (SMEs) and explores ways to measure...

Florida school districts are facing increasing fiscal pressure as property and sales tax revenues continue to decline as a result of the national economic downturn. Further financial deterioration could render a school district unable to meet its financial obligations. This Article examines...