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Climate change challenges for central banks and financial regulators

Author

Listed:
  • Emanuele Campiglio

    (Vienna University of Economics and Business
    London School of Economics and Political Science)

  • Yannis Dafermos

    (University of the West of England)

  • Pierre Monnin

    (Council on Economic Policies)

  • Josh Ryan-Collins

    (University College London)

  • Guido Schotten

    (De Nederlandsche Bank)

  • Misa Tanaka

    (Bank of England)

Abstract

The academic and policy debate regarding the role of central banks and financial regulators in addressing climate-related financial risks has rapidly expanded in recent years. This Perspective presents the key controversies and discusses potential research and policy avenues for the future. Developing a comprehensive analytical framework to assess the potential impact of climate change and the low-carbon transition on financial stability seems to be the first crucial challenge. These enhanced risk measures could then be incorporated in setting financial regulations and implementing the policies of central banks.

Suggested Citation

  • Emanuele Campiglio & Yannis Dafermos & Pierre Monnin & Josh Ryan-Collins & Guido Schotten & Misa Tanaka, 2018. "Climate change challenges for central banks and financial regulators," Nature Climate Change, Nature, vol. 8(6), pages 462-468, June.
    • Handle: RePEc:nat:natcli:v:8:y:2018:i:6:d:10.1038_s41558-018-0175-0
    DOI: 10.1038/s41558-018-0175-0
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    JEL classification:

    • F3 - International Economics - - International Finance
    • G3 - Financial Economics - - Corporate Finance and Governance

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