Stress Testing The Global Economy To Climate Change Related Shocks In Large And Interconnected Economies
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Stress Testing The Global Economy To Climate Change Related Shocks In Large And Interconnected Economies
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Author : Camilo Tovar Mora
language : en
Publisher: International Monetary Fund
Release Date : 2022-09-16
Stress Testing The Global Economy To Climate Change Related Shocks In Large And Interconnected Economies written by Camilo Tovar Mora and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-16 with Business & Economics categories.
We stress test the global economy to extreme climate change-related shocks on large and interconnected economies. Our analysis (i) identifies large and interconnected economies vulnerable to climate change-related shocks; (ii) estimates these economies’ external financing needs-at-risk due to these shocks, and (iii) quantifies the spillovers to the global economy using a global network model. We show that large and interconnected economies vulnerable to climate change could trigger a drain of $1.8 trillion in international reserves (2 percent of 2019’s global GDP). Domestic and multilateral macroeconomic policies can help reduce these global lossess to about $0.8 trillion. The scenario highlights the importance of considering global spillovers when assessing the impact of climate change-related shocks.
A Modern Economic History Of Emerging Markets 1950 2020
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Author : Ahmet Akarli
language : en
Publisher: Springer Nature
Release Date : 2024-09-20
A Modern Economic History Of Emerging Markets 1950 2020 written by Ahmet Akarli and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-09-20 with Business & Economics categories.
This book offers a comprehensive economic history of emerging market economies post-WWII and identifies a complex web of sustainability problems that face the EMEs going forward. It seeks to present a truly global perspective on the development of EMEs and the long-term trends that have brought EMEs to a critical economic juncture. The first section of the book charts how EMEs became tightly integrated into the global economy at rapid pace, analysing economic achievements as well as imbalances and sustainability issues that have been generated over time. It considers how EMEs have withstood episodes of complex structural transitions and financial shocks, and offers comparative perspectives on patterns of dispersion within the EME landscape from the end of WWII to the present. The second part of the book seeks to understand how EMEs might cope with the volatility brought about by a new ‘age of disruption’ defined by major structural challenges to the neo-liberal economic order. It considers which EMEs are best positioned to respond to issues of economic inequality, financial excess, technological disruption and climate change, what a global historical understanding of the EMEs can offer to policymakers, and the impact on the EME investment landscape. This book will be of interest to a broad audience including researchers of economic history and political economy, as well as policymakers, investment professionals, and the general reader interested in global economic development.
Stress Testing At The Imf
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Author : Mr.Tobias Adrian
language : en
Publisher: International Monetary Fund
Release Date : 2020-02-05
Stress Testing At The Imf written by Mr.Tobias Adrian and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-02-05 with Business & Economics categories.
This paper explains specifics of stress testing at the IMF. After a brief section on the evolution of stress tests at the IMF, the paper presents the key steps of an IMF staff stress test. They are followed by a discussion on how IMF staff uses stress tests results for policy advice. The paper concludes by identifying remaining challenges to make stress tests more useful for the monitoring of financial stability and an overview of IMF staff work program in that direction. Stress tests help assess the resilience of financial systems in IMF member countries and underpin policy advice to preserve or restore financial stability. This assessment and advice are mainly provided through the Financial Sector Assessment Program (FSAP). IMF staff also provide technical assistance in stress testing to many its member countries. An IMF macroprudential stress test is a methodology to assess financial vulnerabilities that can trigger systemic risk and the need of systemwide mitigating measures. The definition of systemic risk as used by the IMF is relevant to understanding the role of its stress tests as tools for financial surveillance and the IMF’s current work program. IMF stress tests primarily apply to depository intermediaries, and, systemically important banks.
The Systemic Impact Of Debt Default In A Multilayered Global Network Model
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Author : Mr. Nathan Porter
language : en
Publisher: International Monetary Fund
Release Date : 2022-09-02
The Systemic Impact Of Debt Default In A Multilayered Global Network Model written by Mr. Nathan Porter and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-02 with Business & Economics categories.
The world has become more interconnected over the past few decades. Against this backdrop, economic and financial contagion following adverse shocks can have a severe impact on the global economy. How systemic can the effects of contagion be? What specific transmission channels are involved? What is their relative importance? We address these questions using a multilayered global network model of contagion that simulates the impact of sovereign debt default on the global economy. We also develop a measure of global systemic risk and use bank stress testing techniques to quantify the systemic impact of the shock and the extent of contagion on the global economy. Our model shows that economic and financial contagion are highly non-linear, and many bystander economies can experience significant negative effects as the initial default is spread through the network. This suggests that many economies might be systemically more important than what conventional measures of size or openness might suggest.
Catastrophe Risk Financing In Developing Countries
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Author : J. David Cummins
language : en
Publisher: World Bank Publications
Release Date : 2009
Catastrophe Risk Financing In Developing Countries written by J. David Cummins and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Political Science categories.
'Catastrophe Risk Financing in Developing Countries' provides a detailed analysis of the imperfections and inefficiencies that impede the emergence of competitive catastrophe risk markets in developing countries. The book demonstrates how donors and international financial institutions can assist governments in middle- and low-income countries in promoting effective and affordable catastrophe risk financing solutions. The authors present guiding principles on how and when governments, with assistance from donors and international financial institutions, should intervene in catastrophe insurance markets. They also identify key activities to be undertaken by donors and institutions that would allow middle- and low-income countries to develop competitive and cost-effective catastrophe risk financing strategies at both the macro (government) and micro (household) levels. These principles and activities are expected to inform good practices and ensure desirable results in catastrophe insurance projects. 'Catastrophe Risk Financing in Developing Countries' offers valuable advice and guidelines to policy makers and insurance practitioners involved in the development of catastrophe insurance programs in developing countries.
Managing Climate Risk In The U S Financial System
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Author : Leonardo Martinez-Diaz
language : en
Publisher: U.S. Commodity Futures Trading Commission
Release Date : 2020-09-09
Managing Climate Risk In The U S Financial System written by Leonardo Martinez-Diaz and has been published by U.S. Commodity Futures Trading Commission this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-09 with Science categories.
This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Ireland
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Author : International Monetary Fund. Monetary and Capital Markets Department
language : en
Publisher: International Monetary Fund
Release Date : 2022-07-07
Ireland written by International Monetary Fund. Monetary and Capital Markets Department and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-07-07 with Business & Economics categories.
Ireland has considerably strengthened financial sector regulation and supervision since the 2016 FSAP, aided by the ECB/SSM, and is working with European and international regulators to strengthen oversight of the large market-based finance (MBF) sector. This strengthening is evidenced by a successful navigation through the challenges of Brexit and the pandemic. Despite global headwinds, Ireland is exiting the pandemic with strong economic growth and a highly capitalized and liquid banking system. The financial system has grown rapidly and in complexity, especially after Brexit, and Ireland has become a European base for large financial groups. The MBF sector has grown to the second largest in Europe, with global interlinkages.
The Ocean Economy In 2030
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2016-04-27
The Ocean Economy In 2030 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-27 with categories.
This report explores the growth prospects for the ocean economy, its capacity for future employment creation and innovation, and its role in addressing global challenges. Special attention is devoted to the emerging ocean-based industries.
The Climate Intelligent Organization
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Author : Iggy Bassi
language : en
Publisher: John Wiley & Sons
Release Date : 2025-01-24
The Climate Intelligent Organization written by Iggy Bassi and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-24 with Business & Economics categories.
Learn to make sound business decisions on a rapidly changing planet In The Climate Intelligent Organization, renowned entrepreneurs and climate intelligence pioneers Iggy Bassi and Karan Chopra, deliver an intuitive and practical guide to the transformative power of AI-driven Unified Climate Intelligence (UCI). Written with the business practitioner in mind, the book showcases how holistic climate analysis can be integrated into decisions, growth plans, and investments as organizations navigate the challenges and opportunities of climate change. You'll discover: How UCI can redefine competitive advantage and reshape leadership. Strategies to improve climate-related financial performance. A roadmap for driving resilient value creation in the new climate economy. Perfect for managers, executives, directors, policy makers, entrepreneurs, founders, and other business leaders, The Climate Intelligent Organization will also prove invaluable to finance and sustainability professionals seeking new insights into how to adapt to a changing planet.
Net Zero Climate And Economic Resilience In A Changing World
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2023-05-16
Net Zero Climate And Economic Resilience In A Changing World written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-16 with categories.
This report provides a synthesis of the OECD Net Zero+ project, covering the first phase of an ongoing, cross-cutting initiative, representing a major step forward for an OECD whole-of-government approach to climate policy.