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Environment and climate change are generally considered a systemic risk, not as part of the systematic risk. The view … threat of climate crisis, there is call for treating it as part of the systematic risk. The Islamic finance industry, as a … purpose-driven than merely profit-driven, has to be cognizant too about the evolving risk. Once it is recognized that …
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We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about arrival rates and spend to mitigate future damages. Mitigation cannot be decentralized due to positive externalities from curtailing aggregate risks. First-best can be implemented...
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Purpose - This research explores the spillovers and portfolio implications for green bonds and environmental, social and governance (ESG) assets in the context of the rapidly expanding trend in green finance investments and the need for a green recovery in the post-COVID-19 era....
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