Archive: March 2022

A Dashboard for Biodiversity Risk Metrics

, and | 24 March 2022
Monetary, Policy Briefs | Tags: Biodiversity Risk, Central Banks
This policy brief calls on central banks and financial supervisors to build and use a dashboard of biodiversity metrics to assess biodiversity risks in terms of both dependencies and impacts. In order for these metrics to become fully operational, they should cover risks for firms ... continue reading

Monetary Policy Operations and Biodiversity Loss

| 24 March 2022
Monetary, Policy Briefs | Tags: Biodiversity Risk, Central Banks, Climate Change
Biodiversity is declining at unprecedented rates in human history, with growing evidence that this could have significant economic and financial implications. In this regard, biodiversity loss is very similar to climate change: both entail physical risks that could translate into substantial economic and financial losses, ... continue reading

The Global Tax Deal and Tax Incentives: What if the Cure Is Worse Than the Disease?

| 18 March 2022
Fiscal, Blog | Tags: Minimum Tax Rate, Tax Expenditures, Tax Incentives
The global tax deal reached in October 2021 is a milestone in international tax coordination. With 137 out of 141 jurisdictions in the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) now participating in the agreement, there is no doubt about its significance. ... continue reading