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dc.rights.licenseopenen_US
dc.contributor.authorALLEN, Thomas
hal.structure.identifierBordeaux Sciences Economiques [BSE]
dc.contributor.authorDEES, Stephane
dc.contributor.authorCAICEDO GRACIANO, Carlos Mateo
dc.contributor.authorCLERC, Laurent
dc.contributor.authorDE GAYE, Annabelle
dc.contributor.authorLISACK, Noëmie
dc.contributor.authorPEGORARO, Fulvio
dc.contributor.authorRABATÉ, Marie
dc.date.accessioned2024-09-17T13:27:04Z
dc.date.available2024-09-17T13:27:04Z
dc.date.issued2024-07-17
dc.identifier.issn1610-2878en_US
dc.identifier.urioai:crossref.org:10.1007/s10290-024-00540-w
dc.identifier.urihttps://oskar-bordeaux.fr/handle/20.500.12278/201629
dc.description.abstractEnThis paper proposes an analytical framework to quantify the impacts of climate transition narratives on a consistent set of macroeconomic, sectoral and financial variables required for financial risk assessment. Focusing on transition risks, our set-up relies on a suite of models, calibrated on the high-level reference scenarios of the Network for Greening the Financial System (NGFS). Its modular structure and variable coverage ensure a comprehensive assessment of the financial implications of disorderly transition scenarios to a low-carbon economy, from the identification of climate-sensitive sectors to the quantification of the impacts on financial metrics. An application to France evaluates the impacts on financial markets and credit risk parameters. Results indicate that the sectoral disruptions associated with a disorderly transition to a low-carbon economy can be substantial and translate in material financial risks. The study offers further grounds for encouraging policy-makers and financial institutions to support and prepare for an early and orderly transition.
dc.language.isoENen_US
dc.sourcecrossref
dc.subject.enClimate change
dc.subject.enCentral banking
dc.subject.enFinancial supervision
dc.subject.enScenario analysis
dc.subject.enFinancial stability
dc.title.enAn analytical framework for assessing climate transition risks: an application to France
dc.typeArticle de revueen_US
dc.identifier.doi10.1007/s10290-024-00540-wen_US
dc.subject.halSciences de l'Homme et Société/Economies et financesen_US
dc.subject.jelC - Mathematical and Quantitative Methods::C6 - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling::C60 - Generalen_US
dc.subject.jelE - Macroeconomics and Monetary Economics::E4 - Money and Interest Rates::E44 - Financial Markets and the Macroeconomyen_US
dc.subject.jelE - Macroeconomics and Monetary Economics::E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit::E50 - Generalen_US
dc.subject.jelG - Financial Economics::G3 - Corporate Finance and Governance::G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwillen_US
dc.subject.jelQ - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q4 - Energy::Q40 - Generalen_US
dc.subject.jelQ - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q54 - Climate; Natural Disasters and Their Management; Global Warmingen_US
bordeaux.journalReview of World Economicsen_US
bordeaux.hal.laboratoriesBordeaux Sciences Economiques / Bordeaux School of Economics (BSE) - UMR 6060en_US
bordeaux.institutionUniversité de Bordeauxen_US
bordeaux.institutionCNRSen_US
bordeaux.institutionINRAEen_US
bordeaux.peerReviewedouien_US
bordeaux.inpressnonen_US
bordeaux.import.sourcedissemin
hal.identifierhal-04700233
hal.version1
hal.date.transferred2024-09-17T13:27:07Z
hal.popularnonen_US
hal.audienceInternationaleen_US
hal.exporttrue
workflow.import.sourcedissemin
dc.rights.ccPas de Licence CCen_US
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