SEACEN Online Seminar: Prof. Yannis Dafermos

Venue :Online Seminars
Host Name :The SEACEN Centre
Date From :27 Apr 2022
Date To :27 Apr 2022

Descriptions


Prof. Yannis Dafermos of SOAS University of London, UK will present his recently published paper at the Journal of Financial Stability (Elsevier) entitled, “How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis”

The highlights/bottomline of his paper/presentation are the following: 

  • Climate-related financial risks are analysed via a stock-flow consistent model.
  • Green differentiated capital requirements cause a small decline in physical risks.
  • The green supporting factor increases bank leverage.
  • The dirty penalising factor reduces output and increases loan defaults.
  • Green fiscal policies reduce the transition risks of the dirty penalising factor.