This paper addresses the risks posed by climate change in terms of financial instability. The objective is to derive counteractions and recommendations for policymakers and central banks. The derivation of possible appropriate measures on the part of public institutions clarifies that, above all, a high insurance rate and financial reserves are important to buffer the impact of climate-related disasters. It will also be suggested that central banks might consider targeting their monetary policy instruments to environmental sustainability goals. The analysis of the topic furthermore highlighted the fact that investors have so far paid little attention to the risks and costs arising from climate change. Therefore, it should be within the mandate of public authorities and companies to disclose residents and investors expected climate change related risks.
Table of Contents
Abstract
Table of Contents
List of Figures
List of Abbreviations
1 Introduction
2 Key Terms
2.1 Climate Changer
2.2 Financial Stability
3 Climate Change as a source of financial instability
4 Scenario Analysis
4.1 Potential Impact on equity prices
4.2 Inaccuracy of estimated impacts on equity prices
5 Solutions
5.1 What can Central Banks do to provide financial stability
5.2 What can Governments do to provide financial stability
6 Summary and Outlook
List of References
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Téléchargez vos propres textes! Gagnez de l'argent et un iPhone X.