Bruneau, Gabriel; Ojea-Ferreiro, Javier; Plummer, Andrew; … - In: Latin American journal of central banking : LAJCB 6 (2025) 3, pp. 1-33
We develop a methodological framework to analyse systemic risks capturing both direct and indirect (or systemic) effects. We apply it to climate transition shocks in the context of Canada. We use scenario analysis to capture the direct effects-in the form of credit, market and liquidity risks-on...