How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis

Y Dafermos, M Nikolaidi - Journal of Financial Stability, 2021 - Elsevier
Using an ecological macrofinancial model, we explore the potential impact of the 'green
supporting factor'(GSF) and the 'dirty penalising factor'(DPF) on climate-related financial …

“Economically inefficient and legally untenable”: constitutional limitations on the introduction of central bank digital currencies in the EU

J Cullen - Journal of Banking Regulation, 2022 - Springer
ECB officials have recently poured scorn on the notion that the ECB could introduce a
central bank digital currency (CBDC) in the Eurozone, with one labelling such an initiative as …

[图书][B] Preparing for the next financial crisis

O De Bandt, F Drumetz, C Pfister - 2020 - taylorfrancis.com
The ramifications of the Global Financial Crisis, which erupted in 2007, continue to surprise
not only the general public but also finance professionals, economists, and journalists …

Greening capital requirements

Y Dafermos, F van Lerven, M Nikolaidi - 2022 - eprints.lse.ac.uk
Capital requirements play a central role in financial regulation and have significant
implications for financial stability and credit allocation. However, in their existing form, they …

[HTML][HTML] Accounting for climate transition risk in banks' capital requirements

L Alessi, EF Di Girolamo, A Pagano… - Journal of Financial …, 2024 - Elsevier
This paper uses a stylized simulation model to assess the potential impact of climate
transition risk on banks' balance sheets in a climate-stress-testing (ie short-run) framework …

Banking stability and borrower discouragement: a multilevel analysis for SMEs in the EU-28

A Mol-Gómez-Vázquez, G Hernández-Cánovas… - Small Business …, 2022 - Springer
The promotion of a more stable European banking system has become a priority which, not
doubt, will bring important benefits to firms. However, bank stability comes with stronger …

Financial Stability Is Easier to Green Than Monetary Policy

C Pfister, N Valla - Intereconomics, 2021 - Springer
In the face of mounting evidence of global warming, which is an irreversible process, central
banks, as other policymakers, have to play their part. They need to consider climate risks not …

[图书][B] Countercyclical capital requirement reductions, state dependence and macroeconomic outcomes

EC Arbatli-Saxegaard, RE Juelsrud - 2020 - econstor.eu
We use bank-, loan-and firm-level data together with a quasi-natural experiment to estimate
the impact of capital requirement reductions on bank lending and real economic outcomes …

Accès au crédit des PME depuis la grande crise financière: quels effets des nouvelles politiques monétaires et prudentielles?

H Fraisse, JS Mésonnier - Revue d'économie financière, 2023 - cairn.info
Nous proposons dans cet article une analyse des effets des politiques monétaires et
prudentielles à l'aune de leurs effets sur l'accès au crédit des PME, en zone euro et plus …

Unconventional Monetary Policies: Past, Present, and Future

CB Duarte - 2019 - theses.hal.science
This thesis touches upon important aspects that involve the past, present and future of
unconventional monetary policies (UMPs): their historical background and conceptual …