Does Fintech Promote Entrepreneurship? Evidence from China
Peter Knaack | 24 January 2023
Monetary,
Blog | Tags:
Digital Economy,
Entrepreneurship,
Fintech
Policy moves and public statements in recent years indicate that Beijing seeks to simultaneously support the growth of internet finance platforms and reign in anticompetitive practices and risky behavior.
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The Swiss National Bank Struggles to Manage Climate Risks
Pierre Monnin | 6 January 2023
Monetary,
Op-Eds | Tags:
Central Banks,
Climate Risk,
Financial Stability
In Europe and elsewhere, central banks are implementing measures to contain financial risks associated with climate change in their asset portfolios. The Swiss National Bank is not among the leaders in this area.
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Supporting the Just Transition: a Roadmap for Central Banks and Financial Supervisors
Pierre Monnin and
Nick Robins | 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
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How the State Bank of Vietnam Deals With Climate Risks
Pierre Monnin and
Patrick Lenain | 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.
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How to Ensure Climate and Environmental Risk Resilience of Central Bank Operations and the Financial System
23 November 2022 | Singapore
Monetary,
Roundtables | Tags:
Central Banks,
Financial Supervision
CEP together with AMRO and SEACEN co-hosted a roundtable for central bankers and financial supervisors to exchange experiences, ideas and best practices on how to account for climate and environmental risks in central banking and financial supervision. The discussions covered (1) the challenges of climate
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Is the Current Macroprudential Framework Fit for Climate Systemic Risk?
Pierre Monnin | 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.
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China’s Structural Monetary Policy Tools: Objectives, Limitations, Unintended Consequences
Sebastian Guo | 7 November 2022
Monetary,
Policy Briefs | Tags:
Central Banks,
China,
Targeted Refinancing Lines
Central bank interventions have intended and unintended structural effects. A growing number of monetary authorities are acknowledging these structural implications of monetary policy and have started addressing them more actively. In line with this development, the People’s Bank of China (PBC) has introduced a range
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From Dependencies to Environmental Risks for Finance. Taking Next Steps
Chiara Colesanti Senni and
Adrian von Jagow | 9 May 2022
Monetary,
Blog | Tags:
Central Banks,
Environmental Risks,
Financial Supervision
Climate-related risks are now widely recognized as a source of financial risks by financial supervisors and central banks worldwide. Estimates of transition risks, which include risks stemming from the transition to a low-carbon economy, have become more granular, thanks in part to improved data availability.
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A Dashboard for Biodiversity Risk Metrics
Oliver Braunschweig,
Chiara Colesanti Senni and
David Lunsford | 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
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Monetary Policy Operations and Biodiversity Loss
Pierre Monnin | 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,
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