PDF4PRO ⚡AMP

Modern search engine that looking for books and documents around the web

Example: tourism industry

Climate Stress Testing

Climate Stress Testing Hyeyoon Jung | Robert Engle | Richard Berner N O . 977 S E P T E M B E R 2021 Climate Stress Testing Hyeyoon Jung, Robert Engle, and Richard Berner Federal Reserve Bank of New York Staff Reports, no. 977 September 2021 JEL classification: Q54, C53, G20 Abstract Climate change could impose systemic risks upon the financial sector, either via disruptions in economic activity resulting from the physical impacts of Climate change or changes in policies as the economy transitions to a less carbon-intensive environment. We develop a Stress Testing procedure to test the resilience of financial institutions to Climate -related risks.

CRISK, systemic climate risk, which is the expected capital shortfall of a financial institution in a climate stress scenario. We use the measure to study the climate-related risk exposure of large global banks in the collapse of fossil-fuel prices in 2020. Key words: climate risk, financial stability, stress testing _____

Loading..

Tags:

  Climate

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Spam in document Broken preview Other abuse

Transcription of Climate Stress Testing

Related search queries