A policy evaluation model for climate-linked bonds
Ceccotti, Francesca Sara (A.A. 2024/2025) A policy evaluation model for climate-linked bonds. Tesi di Laurea in Advanced financial economics, Luiss Guido Carli, relatore Giacomo Morelli, pp. 68. [Master's Degree Thesis]
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Abstract/Index
Climate-linked bonds (CLBs). Architecture of CLBs. CLBs in the green debt landscape. Climate risk in the financial literature. Strategic role of CLBs. Political incentives in GHG-indexed bonds. Implementation risks and structural limits. Methodology. Model overview. Climate targets and policy objectives. Emission dynamics. CLB design and adjustment. CLB pricing framework. Discounting with the euro area OIS curve. Risk-neutral pricing. Risk-averse pricing. Pricing with stochastic discounting. Simulation-based evaluation of CLBs. Emission paths and compliance. CLB valuation. Sensitivity analysis. Synthetic control for ex-ante policy evaluation. Rationale for synthetic control. Data and sources. Methodological framework. Pre-treatment fit. Forward simulation. Limitations and future extensions. Implications for the CLB model.
References
Bibliografia: pp. 60-62. Sitografia: pp. 63-64.
| Thesis Type: | Master's Degree Thesis |
|---|---|
| Institution: | Luiss Guido Carli |
| Degree Program: | Master's Degree Programs > Master's Degree Program in Economics and Finance (LM-56) |
| Chair: | Advanced financial economics |
| Thesis Supervisor: | Morelli, Giacomo |
| Thesis Co-Supervisor: | Rinaldi, Roberto |
| Academic Year: | 2024/2025 |
| Session: | Autumn |
| Deposited by: | Alessandro Perfetti |
| Date Deposited: | 10 Feb 2026 09:10 |
| Last Modified: | 10 Feb 2026 09:10 |
| URI: | https://tesi.luiss.it/id/eprint/44733 |
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