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protection in Europe. Increased economic exposure and the growing frequency and severity of natural catastrophes linked to … climate change have been driving up the cost of natural catastrophes in Europe. Between 1981 and 2023, natural catastrophes … last three years alone. However, over the same period, only about a quarter of the losses incurred from extreme weather and …
Persistent link: https://www.econbiz.de/10015322330
financial-market beliefs about the probability of a euro-related, institutional rare disaster spike. In response to such euro … disaster risk shocks, investment funds shed periphery but do not adjust core sovereign debt holdings. The periphery debt shed …
Persistent link: https://www.econbiz.de/10015428081
As part of the supervisory work on the transparency of banks' risk profiles, the European Central Bank (ECB) is publishing its third review of the disclosure of climate-related and environmental (C&E) risks among significant institutions (SIs) and a selected number of less significant...
Persistent link: https://www.econbiz.de/10015430074
This paper provides a first empirical analysis of the impact of the European Central Bank's (ECB's) climate-risk-related supervisory efforts on (i) climate risk exposure and related risk management of banks; and (ii) on the induced shifts in banks' portfolio choices with regard to additional...
Persistent link: https://www.econbiz.de/10015275077
Climate change and the public policies to arrest it are and will continue reshaping the global economy. This Discussion Paper draws on economic research to identify some key medium- and long-run economic implications of these developments. It explores implications for growth, innovation,...
Persistent link: https://www.econbiz.de/10015322470
This report discloses climate-related information about the ECB's euro-denominated non-monetary policy portfolios. The report includes investments into the ECB's staff pension fund and its own funds portfolio. The ECB's efforts to reduce carbon emissions in line with the interim targets set for...
Persistent link: https://www.econbiz.de/10015430934
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Persistent link: https://www.econbiz.de/10015316616
The ECB's annual report on financial integration in Europe contributes to the advancement of the European financial … Europe, especially in the euro area, as reflected in the Eurosystem's mission statement. Financial integration fosters a …
Persistent link: https://www.econbiz.de/10015294414