Contributor: Pierre Monnin

Transition and Systemic Risk in the South African Banking Sector: Assessment and Macroprudential Options

Pierre Monnin, Ayanda Sikhosana and Kerschyl Singh | 22 July 2024
Monetary, Working Papers | Tags: Central Banks, Climate Risks, Financial Stability, Macroprudential Policy, South Africa
This paper presents the main transition risks for the South African banking sector, highlighting that the coal value chain is central to these risks. It assesses the banking system’s exposure to transition risks in the corporate sector, showing that they are material and widespread. ... continue reading

Aligning Sovereign Bond Markets with the Net Zero Transition: the Role of Central Banks

Pierre Monnin, Joseph Feyertag, Nick Robins and Alexander Wollenweber | 14 March 2024
Monetary, Policy Briefs | Tags: Central Banks, Climate Risks, Debt, Financial Supervision
Aligning sovereign bonds with net zero requires coordinated action by several stakeholders across the financial system. National governments are first in line to act but central banks have a unique opportunity to make a meaningful contribution. ... continue reading

Net Zero Central Banking in Africa’s Diverse Economies: Challenges, Opportunities and Policy Options

Reuben Wambui, Joseph Feyertag and Pierre Monnin | 29 November 2023
Monetary, Policy Briefs | Tags: Africa, Central Banks, Climate Risks, Financial Stability, Inequality
Africa’s economies are contending with a diverse set of challenges and opportunities in relation to building low-carbon, green economies and the transition to net zero emissions. Central banks can play a pivotal role in enabling the green transition in Africa. ... continue reading

Climate-Related Systemic Risks and Macroprudential Policy

Paul Hiebert and Pierre Monnin | 9 August 2023
Monetary, Policy Briefs | Tags: Climate Risks, Financial Stability, Financial Supervision, Macroprudential Policy, Systemic Risks
Central banks and financial supervisors must rapidly develop sound risk management practices adapted to a context in which policy decisions rely on imperfect data and high uncertainty. ... continue reading

Climate Risks in Albania and their Relevance to the Central Bank

Margerita Topalli and Pierre Monnin | 14 March 2023
Monetary, Policy Briefs | Tags: Central Banks, Climate Change, Financial Stability, Sustainable Finance
Climate change has far-reaching impacts, both in breadth and magnitude that are starting to affect the economy and society in Albania. Mitigating them and positioning the Albanian economy on a sustainable path requires important structural transformations and investments. ... continue reading

Pierre Monnin
Council on Economic Policies & Grantham Research Institute on Climate Change and the Environment, LSE

Pierre Monnin is a Senior Fellow at the Council on Economic Policies (CEP) and a Visiting Professor in Practice at the Grantham Research Institute on Climate Change and the Environment in the London School of Economics and Political Science. His work focuses on monetary policy, financial regulation, and their links with environmental and social sustainability. Prior to that, he was with the Swiss National Bank (SNB) in various roles for ten years – with a focus on financial stability and macroprudential policy as well as on financial markets developments. He also worked at Man Investments, developing asset allocation strategies for alternative investments, and was a Lecturer in international money and finance at the University of Neuchatel. He holds a PhD in Economics from the University of Zurich, a MSc in Economics from Queen Mary, University of London, as well as a MSc in Statistics and a BA in Economics from the University of Neuchatel.