The incorporation of climate change into the ECB policy framework: rationale and scenario analysis
Bonvino, Elena (A.A. 2023/2024) The incorporation of climate change into the ECB policy framework: rationale and scenario analysis. Tesi di Laurea in Money and banking, Luiss Guido Carli, relatore Paolo Paesani, pp. 52. [Bachelor's Degree Thesis]
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Abstract/Index
The effects of climate change on monetary and financial stability. Climate change: definition and main economic implications. The impact of climate change on monetary stability. The impact of climate change on financial stability. Climate-related risk drivers. Transmission channels of climate risk drivers. Rationale for climate change integration in Central Bank policies. The European Central Bank's role in addressing climate change. Climate change in the monetary policy framework of the ECB. Climate action development: the ECB’s path from the 2021 climate and action plan to the 2024 climate and nature plan. The role of climate scores for decarbonizing the ECB’s corporate bond holdings. Central Banks taking actions: differences between the ECB and the FED. Climate change and its implications on ECB's monetary policy transmission. Improving the ECB’S monetary policy transmission: rationale for incorporating climate change and transition policy considerations. The interest rate transmission channel. The credit transmission channel. The asset price transmission channel and the housing market. The exchange rate transmission channel. The expectations transmission channel.
References
Bibliografia: pp. 46-52.
| Thesis Type: | Bachelor's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Bachelor's Degree Programs > Bachelor's Degree Program in Economics and Business, English language (L-33) |
| Chair: | Money and banking |
| Thesis Supervisor: | Paesani, Paolo |
| Academic Year: | 2023/2024 |
| Session: | Summer |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 03 Oct 2024 13:44 |
| Last Modified: | 03 Oct 2024 13:44 |
| URI: | https://tesi.luiss.it/id/eprint/39899 |
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