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Mélanie Chaves
- 19 October 2021
- MACROPRUDENTIAL BULLETIN - FOCUSMacroprudential Bulletin Issue 15, 2021Details
- Abstract
- By means of a theoretical model, this analysis finds that without policy intervention, transition risk generates excessive risk-taking by banks. This finding provides a theoretical justification for the introduction of climate prudential policies to address transition risks.
- JEL Code
- Q54 : Agricultural and Natural Resource Economics, Environmental and Ecological Economics→Environmental Economics→Climate, Natural Disasters, Global Warming
G28 : Financial Economics→Financial Institutions and Services→Government Policy and Regulation
G21 : Financial Economics→Financial Institutions and Services→Banks, Depository Institutions, Micro Finance Institutions, Mortgages