000 01512cam a2200205 4500500
005 20250121112054.0
041 _afre
042 _adc
100 1 0 _aBolton, Patrick
_eauthor
700 1 0 _a Després, Morgan
_eauthor
700 1 0 _a Pereira da Silva, Luiz A.
_eauthor
700 1 0 _a Samama, Frédéric
_eauthor
700 1 0 _a Svartzman, Romain
_eauthor
245 0 0 _aWhat role for central banks in the age of climate-related risks and other “Green Swans”?
260 _c2020.
500 _a90
520 _aClimate change poses new systemic risks (known as “Green Swans”) that must be addressed by central banks within their financial stability mandate. However, the identification and management of climate-related physical and transition risks are hindered by radical uncertainty and potentially existential threats, as well as by the need for a structural transformation toward a low-carbon economy. In this context, central banks cannot rely on traditional risk management approaches and need to explore new perspectives. In particular, the coordination of central banks’ own actions with other measures (of a fiscal, regulatory, or accounting nature) becomes essential for managing a new type of systemic ecological risk, including but not limited to climate change.
786 0 _nRegards croisés sur l'économie | o 26 | 1 | 2020-11-16 | p. 110-122 | 1956-7413
856 4 1 _uhttps://shs.cairn.info/journal-regards-croises-sur-l-economie-2020-1-page-110?lang=en&redirect-ssocas=7080
999 _c541453
_d541453