profile but nonetheless discretely using the position of the central bank to further climate goals; and a final group of …Climate change is one of the biggest risks to the global financial system and to the economies of perhaps every nation … develops an objective Green Central Bank Index. The index is constructed by identifying nine distinct policy tools which …

(and a commensurate increase in non-bank banking). These structural shifts (between institutions) are coincident with … institutional roof - banks or non-bank (shadow) banks - under which they are conducted. Our results reveal a declining role of banks …