Archive
   

EDITORIAL BOARD

INTERNATIONAL BOARD

   

The BJIEP Editorial Board is committed to open science and free access to scientific publications.

The published texts express their authors’ personal views and opinions and do not necessarily reflect the views and opinions of the Editorial board.

All the texts published in BJIEP:

  • have been checked for coincidences with PlagScan;
  • have undergone a double-blind peer-review process with at least two anonymous reviewers;

Prepress and print: UNWE Publishing Complex

 

ISSN (print): 2815-2751

ISSN (online): 2815-2875

2 issues per year

Contact information: 1700 Sofia, Studentski Grad Hristo Botev, blvd. 8-mi dekemvri 18, UNWE, office 2016

e-mail: bjiep@unwe.bg 

Risks and Challenges of Ecological Transition for the Financial System: What Role for Central Banks?

Abstract

Abstract

The ecological transition poses the most impelling challenges for central banks, regulators and supervisory authorities. This paper explores the different types of risks associated with ecological transition. It deplores their absence in the instruments of control and regulation at a time when climate change threatens financial stability and can be at the root of a systemic crisis. Risk management is particularly sensitive given its uncertain nature. Nowadays, many actors, including governments, the private and public sectors, as well as part of the international community, are intervening to support the ecological transition. Nevertheless, it would appear that central banks are best able to meet these challenges.

JEL: F52, F58, Q54

Keywords

monetary policy, Central banks, ecological transition, climate
Download BJIEP.2021.2.04.pdf