Thinking Financial Stability in an Era of Global Ecological Risks - Towards New Trade-Offs between Efficiency and Resilience of Complex Systems (notice n° 697327)

détails MARC
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041 ## - LANGUAGE CODE
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Personal name Bolton, Patrick
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245 00 - TITLE STATEMENT
Title Thinking Financial Stability in an Era of Global Ecological Risks - Towards New Trade-Offs between Efficiency and Resilience of Complex Systems
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Date of publication, distribution, etc. 2021.<br/>
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General note 55
520 ## - SUMMARY, ETC.
Summary, etc. This article explores the potential implications on financial stability of new global and systemic ecological risks (“Green Swans”), including climate-related risks and the Covid-19 pandemic. Rather than proposing a single policy tool (such as a supposedly optimal carbon tax or measurement of climate-related risks) to address extremely complex and non-linear phenomena, it explores broader analytical frameworks that can better embrace the radical uncertainty and the need for structural transformations associated with contemporary ecological risks. An unprecedented level of cooperation among multiple players, including central banks, will be required. Such cooperation raises new challenges. In particular, it requires making difficult trade-offs between the quest for more efficiency and the need for more resilience in the governance of our complex socio-ecological systems. JEL Codes: B41, E58, Q54, Q58.
700 10 - ADDED ENTRY--PERSONAL NAME
Personal name Després, Morgan
Relator term author
700 10 - ADDED ENTRY--PERSONAL NAME
Personal name Pereira da Silva, Luiz A.
Relator term author
700 10 - ADDED ENTRY--PERSONAL NAME
Personal name Samama, Frédéric
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700 10 - ADDED ENTRY--PERSONAL NAME
Personal name Svartzman, Romain
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786 0# - DATA SOURCE ENTRY
Note Revue d'économie financière | 138 | 2 | 2021-01-12 | p. 41-54 | 0987-3368
856 41 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://shs.cairn.info/journal-revue-d-economie-financiere-2020-2-page-41?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-d-economie-financiere-2020-2-page-41?lang=en&redirect-ssocas=7080</a>

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