Climate Change and Financial Stability
Celso Brunetti, Benjamin Dennis, Dylan Gates, Diana Hancock, David Ignell, Elizabeth K. Kiser, Gurubala Kotta, Anna Kovner, Richard J. Rosen, Nicholas K. Tabor
Abstract
This Note describes how risks arising from climate change may affect financial stability. We describe how climate-change related risks may emerge either as shocks to the financial system or as financial system vulnerabilities that could amplify the effects of these or other shocks.
Topics & Concepts
Financial stabilityClimate changeStability (learning theory)BusinessFinanceFinancial systemEconomicsComputer scienceGeologyOceanographyMachine learningClimate Change and Health ImpactsEcosystem dynamics and resilienceClimate Change Policy and Economics