Showing 1 - 10 of 1,682
Nature conservation scientists and practitioners have voiced the concern that a conservation discourse based on economic arguments and monetary valuation may undermine conservation efforts by eroding ("crowding out") the influence of other arguments for nature conservation. This paper presents...
Persistent link: https://www.econbiz.de/10011279993
Although there are numerous tools theoretically available to central banks (depending on their current mandates) to address systemic financial risks posed by climate change and to green the financial sector, their use has been limited to predominantly emerging and developing countries most...
Persistent link: https://www.econbiz.de/10012845431
This paper examines the impact of fiscal and monetary policies on carbon dioxide emissions in Trinidad and Tobago, using data from 1970 to 2020. We use a fiscal policy index based on government revenue and expenditure, a monetary policy index based on interest rates and reserve requirement data,...
Persistent link: https://www.econbiz.de/10015078283
In June 2018, the People’s Bank of China (PBoC) decided to include green financial bonds into the pool of assets eligible as collateral for its Medium Term Lending Facility. The PBoC also gave green financial bonds a “first-among-equals” status. We measure the impact of the policy on the...
Persistent link: https://www.econbiz.de/10013228420
While there is increasing interest in decarbonising or greening monetary policy, central banks are keen to maintain market neutrality. But there is evidence that the market has a bias towards carbon-intensive companies. The paper develops a method to tilt the ECB's asset and collateral framework...
Persistent link: https://www.econbiz.de/10012851450
Climate change has exacerbated extreme weather events; global warming and its effects have been described as unequivocal and unprecedented. It has been recognized that transitioning to a low carbon economy will require large scale transformation. We are witnessing a period in which there are...
Persistent link: https://www.econbiz.de/10012642423
The intensification of the global financial crisis in late 2008 led to large capital outflows from Korea and turmoil in … crisis without significant damage. Increased assistance for small and medium-sized enterprises has played a large role in … overcoming the crisis, but should be scaled back to avoid supporting non-viable firms and to expand banks’ capacity for risk …
Persistent link: https://www.econbiz.de/10012446510
The awareness about climate-related financial risks is gaining momentum both in the policy and academic debates. The role of countries' institutional dimension and central bank governance structures in the adoption of green prudential regulation is, however, overlooked in the current discussion....
Persistent link: https://www.econbiz.de/10012240346
Persistent link: https://www.econbiz.de/10011290036
Persistent link: https://www.econbiz.de/10010483139