“If Something Cannot Go on Forever, It Will Stop“
William White | 1 April 2021
Fiscal,
Monetary,
Policy Briefs | Tags:
Covid-19,
Debt,
Democracy,
Environment,
Financial Stability,
Health Systems,
Inequality,
International Cooperation,
Resilience “If something cannot go on forever, it will stop.” This famous observation was made by Herb Stein, Senior Fellow at the American Enterprise Institute. It became famous largely because it was just that, obvious. Yet, what is no less obvious is that public policy is
... continue reading
Monetary Policy Operations and Financial Regulation to Green the Financial System
22 February, 2021 18.00 CET | Online Monetary,
Panel | Tags:
Asset Purchases,
Financial Regulation,
Monetary Policy Operations,
Targeted Refinancing Lines The panel discussion will explore policy options – large-scale asset purchases, long-term refinancing operations, collateral framework and prudential regulation – to green the financial system, as well as debate their feasibility and effectiveness.
... continue reading
The Case for Climate Objectives in Central Banks’ Targeted Refinancing Operations
Chiara Colesanti Senni | 12 February 2021
Blog,
Monetary | Tags:
Central Banks,
Climate Risk,
Monetary Policy,
Policy Coherence,
Targeted Refinancing Lines Central banks are making increasing use of targeted refinancing operations to pursue their mandates. However, so far none of them, with a few exceptions in developing economies, has aligned its targeting with the objective of a transition to a low-carbon economy. This must change. Refinancing
... continue reading
Strengthening Climate Risk Metrics – A Roadmap for 2021
23 February 2021 | Online | By Invitation Monetary,
Roundtables | Tags:
Central Banks,
Climate Risk,
Financial Supervision,
Monetary Policy Operations,
Risk Metrics Climate risks are financial risks. As such they must be incorporated into all investment decisions, including those by banks, investors and asset managers. They must also become an integral part of central banks’ monetary policy operations, as well as of financial supervision – both on
... continue reading
Climate Financial Risks: Assessing Convergence, Exploring Diversity
Julia Anna Bingler,
Chiara Colesanti Senni and
Pierre Monnin | 9 December 2020
Discussion Notes,
Monetary | Tags:
Climate Risk,
Financial Supervision,
Monetary Policy Operations,
Risk Metrics Climate risks are now fully recognized as financial risks by asset managers, investors, central banks, and financial supervisors. As a result, the integration of climate risk metrics into risk management processes is moving up agendas worldwide. In that context, a rapidly growing number of market
... continue reading