Program: Monetary

Climate Adaptation and the Insurance Protection Gap: Market Challenges and Policy Options

30 June 2025 | Online | By Invitation
Monetary, Roundtables | Tags: Climate Change, Financial Governance, Insurance, Systemic Risks
As climate-related risks escalate, rising hazards and exposures increasingly threaten the availability and affordability of insurance coverage. Individuals and businesses face a growing insurance protection gap. ... continue reading

Hitting the Mark: Design Choices in Targeted Refinancing

| 17 April 2025
Monetary, Blog | Tags: Central Banks, Targeted Refinancing Lines
To target their objectives, central banks have a broad toolbox. Each of their instruments has impacts on a range of their goals and must be calibrated accordingly. The critical role of design choices in targeted refinancing operations is a case in point. ... continue reading

Inclusive Green Finance for Small Companies: Learning from Pilot Cities in China’s Zhejiang Province

16 April 2025 | 9.00 CET | Online | Co-hosted with AMRO
Monetary, Webinar | Tags: China, Entrepreneurship, Financial Inclusion, Green Finance
The webinar distilled lessons learned in Zhejiang province and explore the conditions under which new standards and digital platforms can bolster climate finance for small companies across ASEAN+3 countries and beyond. ... continue reading

Climate Change and Inflation Targeting Frameworks

14 April 2025 | 18.00 CET | Online | Co-hosted with E-axes Forum
Monetary, Webinar | Tags: Central Banks, Climate Risks, Financial Stability, Inflation
How can monetary policy adapt in a world where negative supply shocks caused by climate change as well as the introduction of carbon taxes may intensify persistent inflationary pressures?. ... continue reading

Micro- and Macroprudential Options to Reduce Climate Financial Risks

14 April 2025 | Online | by Invitation | Co-hosted with I4CE
Monetary, Roundtables | Tags: Climate Risks, Financial Stability, Financial Supervision, Macroprudential Policy, Systemic Risks
Given the accelerating pace of climate-related threats, financial regulators must strengthen the banking sector's resilience and mitigate the buildup of climate risks. ... continue reading

Wang’s Café Goes Green: Innovative Finance Solutions for Small Companies

| 27 March 2025
Monetary, Blog | Tags: China, Entrepreneurship, Financial Inclusion, Green Finance
Financial markets have mobilized a large and growing amount of money for climate action – but most of it goes to large firms. Small companies (micro, small, and medium-sized enterprises or MSMEs in the jargon) struggle to access the finance needed to green their activities. ... continue reading

Macroprudential Systemic Capital Buffers to Address Climate Systemic Risks

10 March 2025 | 9.00-10.00 CET | Online | Co-hosted with AMRO
Monetary, Webinar | Tags: Climate Risks, Financial Stability, Financial Supervision, Macroprudential Policy, Systemic Risks
The webinar co-hosted with AMRO expores the key arguments presented in a policy brief on "Principles for Addressing Climate Systemic Risks with Capital Buffers", written by Satoshi Ikeda (Chief Sustainable Finance Officer, Financial Services Agency of Japan) and Pierre Monnin (Senior Fellow, Council on Economic ... continue reading

Inclusive Green Finance for Small Companies: A Case Study of Pilot Cities in China’s Zhejiang Province

, and | 21 February 2025
Monetary, Discussion Notes | Tags: China, Entrepreneurship, Financial Inclusion, Green Finance
Micro, small, and medium-sized enterprises (MSMEs) are crucial for the transition to a sustainable economy. However, they face major challenges in accessing financing for sustainable investments. ... continue reading

China’s Monetary Stimulus. Aggregate and Structural Implications

| 13 February 2025
Monetary, Blog | Tags: Central Banks, China, Economic Growth, Financial Stability
The People’s Bank of China (PBOC) convened its 2025 work conference in Beijing from 3 to 4 January, signaling a commitment to maintaining a supportive policy stance in the new year following key steps in this direction in 2024. ... continue reading

Governing Insurance for Financial Stability and Environmental Sustainability

| 20 December 2024
Monetary, Policy Briefs | Tags: Climate Risks, Environmental Risks, Financial Stability, Insurance, Macroprudential Policy
Despite its links to climate and nature risks (for instance, through insurance against natural catastrophes), the insurance sector has so far received insufficient attention from most policymakers, regulators and supervisors. ... continue reading