The role of the European Central Bank in a sustainable financial system


Bachelor Thesis, 2020

51 Pages, Grade: 1,3


Excerpt


Table of contents

List of abbreviations

1. Introduction

2. A sustainable financial system
2.1 The link between climate change and the financial system
2.2 Climate change and central banks
2.2.1 The role of central banks
2.2.2 Climate change and price stability
2.2.3 Climate change and financial stability
2.2.4 Climate change and portfolio management
2.3 The European Green Deal
2.3.1 Main aspects of the European Green Deal

3. The possible roles of the ECB in a sustainable financial system
3.1 Objectives and mandate of the ECB
3.2 The strategy of the ECB
3.3 The role of soft power of the ECB
3.3.1 Voluntary green finance guidelines and frameworks
3.3.2 Disclosure of the ECB carbon impact
3.4 The role of the ECB in macroprudential regulation
3.4.1 Climate-related stress tests
3.5 The role of the ECB in microprudential supervision
3.5.1 Disclosure requirements
3.5.2 ESG risk management standards
3.6 The role of the ECB in monetary policy
3.6.1 Green quantitative easing (GQE)
3.6.2 Green collateral framework

4. Restrictions of the ECB to engage
4.1 The role of independence
4.2 The connection of climate risk and credit risk
4.3 The ECB mandate and conflicting objectives

5. An evaluation of instruments - the PCT approach
5.1 An assessment of two instruments using the PCT approach

6. Conclusion

List of references

List of figures

Excerpt out of 51 pages

Details

Title
The role of the European Central Bank in a sustainable financial system
College
University of Applied Sciences Darmstadt
Grade
1,3
Author
Year
2020
Pages
51
Catalog Number
V1007537
ISBN (eBook)
9783346392091
ISBN (Book)
9783346392107
Language
English
Keywords
Sustainable Finance, European Central Bank, Sustainability, Climate Change, Green Finance
Quote paper
Nele Braun (Author), 2020, The role of the European Central Bank in a sustainable financial system, Munich, GRIN Verlag, https://www.grin.com/document/1007537

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