Program: Monetary

How to Ensure Climate and Environmental Risk Resilience of Central Bank Operations and the Financial System

23 November 2023 | Singapore
Monetary, Roundtables | Tags: Central Banks, Financial Supervision, Monetary Policy
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 ... continue reading

Is the Current Macroprudential Framework Fit for Climate Systemic Risk?

| 13 November 2022
Blog, Monetary, Publications | Tags: Central Banks, Climate Risk
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

China’s Structural Monetary Policy Tools: Objectives, Limitations, Unintended Consequences

| 7 November 2022
Monetary, Policy Briefs | Tags: Central Banks, China, Monetary Policy
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 ... continue reading

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

A Guaranteed Win for the Climate: Sustainable Loan Guarantees and Sustainable Loan Guarantee Facilities

, and | 8 February 2022
Blog, Monetary | Tags: Central Banks, Climate Change, Targeted Refinancing Lines
In order to limit global warming to the levels set in the Paris agreement, an immense amount of additional investment has to be directed into sustainable technologies – a difference of between $610 billion (IEA 2020) and $2 trillion (IRENA 2020) per year as compared ... continue reading