Antoine Mandel (Université Paris 1) - A (partial) assessment of risks on global financial stability induced by climate change
We combine a global dataset of bilateral financial exposures with projections of changes in the distributions of river flooding and coastal impacts induced by climate change, in order to estimate potential impacts of climate change on global financial stability. We model the propagation of climate impacts through financial interlinkages using the debtrank algorithm (Battiston et al. 2012). Impacts on global financial stability thus emerge from the combination of direct climate impacts on the Read more [...]
