This paper is an introduction to climate change risk for the financial sector (banks and investors). It aims to provide financial professionals, researchers and policymakers in the area of banking and investment with a snapshot of the current state of the art and guidance on the relevant literature to go further.
Gunther Capelle-Blancard, Patricia Crifo, Marc-Arthur Diaye, Rim Oueghlissi, Bert Scholtens
This paper studies whether and how a country's environmental, social, and governance (ESG) performance relates to its sovereign borrowing costs in international capital markets.
Daniel Bastidas, Adrien Fabre and Florent Mc Isaac
This paper follows van der Ploeg (1987)’s research program in testing both its extension of Goodwin (1967)’s predator-prey model and the Minsky Financial Instability Hypothesis (FIH) proposed by Keen (1995).
Depuis leur application dans l'Union européenne en 2005, les normes IFRS sont en passe de devenir le principal système d'information financière pour les sociétés cotées. Un livre pour comprendre ces normes, les objectifs auxquelles elles répondent et leur compatibilité avec les enjeux de long terme.
This article analyzes the transition dynamics, what Hicks called the traverse, from one equilibrium toward another one—and the conditions for such a transfer—in a bi-sectoral economy under technological shocks.
In this paper, we estimate for the first time how production and emissions of manufacturing firms in one country respond to foreign demand shocks in trading partner markets.
In a stock-flow consistent macrodynamic model featuring two crucial endogenous destabilizing channels, namely debt accumulation and climate change, we perform a sensitivity analysis on four fundamental parameters of the climate and economic systems.
