The public costs of climate-induced financial instability
Abstract
Recent evidence suggests that climate change will significantly affect economic growth and several productive elements of modern economies, such as workers and land1–4. Although historical records indicate that economic shocks might lead to financial instability, few studies have focused on the impact of climate change on the financial actors5,6. This paper examines how climate-related damages impact the stability of the global banking system....
Paper Details
Title
The public costs of climate-induced financial instability
Published Date
Oct 29, 2019
Journal
Volume
9
Issue
11
Pages
829 - 833
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Notes
History