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The green swan - Bank for International Settlements

The green swan Central banking and financial stability in the age of climate change Patrick BOLTON - Morgan DESPRES - Luiz Awazu PEREIRA DA SILVA Fr d ric SAMAMA - Romain SVARTZMANJ anuary 2020 BISISBN 978-92-9259-325-4 (print)ISBN 978-92-9259-326-1 (online) Bank for International Settlements 2020. All rights reserved. views expressed in this publication are those of the authors and do not necessarily reflect those of their respective institutions. The green swan: central banking and financial stability in the age of climate change iii Abstract Climate change poses new challenges to central banks, regulators and supervisors.

January 2020 BIS. ISBN 978-92-9259-325-4 (print) ISBN 978-92-9259-326-1 (online) ... central banks and international institutions including the BIS focuses on climate-related risks. These studies show that physical risks related to climate change can ... But such an ambitious new tax policy requires consensus - building and is difficult to ...

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