Contributor: Pierre Monnin

Supporting the Just Transition: a Roadmap for Central Banks and Financial Supervisors

and | 22 December 2022
Monetary, Policy Briefs | Tags: Central Banks, Financial Inclusion, Financial Supervision, Inequality, Transition risks
Shifting to a sustainable economy will reshape the outlook for countries and sectors across the world. Managed well, the net zero transition could lead to more and better jobs as well as reduced risks from climate shocks. Managed poorly, however, it could result not ... continue reading

How the State Bank of Vietnam Deals With Climate Risks

and | 13 December 2022
Monetary, Op-Eds | Tags: Central Banks, Climate Risk
In Vietnam, the central bank has successfully supported economic growth. However, by doing that, the State Bank of Vietnam (SBV) has also contributed – unintentionally – to fast-rising greenhouse gas emissions. ... continue reading

Is the Current Macroprudential Framework Fit for Climate Systemic Risk?

| 13 November 2022
Monetary, Blog | Tags: Central Banks, Climate Risks, Financial Stability, Macroprudential Policy, Systemic Risks
Climate change and the transition to a low-carbon economy have a clear systemic dimension, and they potentially pose a systemic risk for the financial sector. This has been highlighted by several international and national financial authorities and urgently needs to be addressed. ... 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

Aligning Central Bank Refinancing Operations with the G20 Agenda

and | 6 October 2021
Monetary, Policy Briefs | Tags: Central Banks, Climate Risk, G20, Targeted Refinancing Lines
Since the Pittsburgh Summit in 2009, G20 leaders have repeatedly highlighted inclusive growth and environmental protection as core objectives in their joint declarations. With the widening of economic inequalities and the acceleration of climate change and biodiversity loss, their calls for action have gained further ... continue reading