Greening collateral frameworks

Yannis Dafermos, Daniela Gabor, Maria Nikolaidi and Frank van Lerven

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Central bank collateral frameworks play a powerful role in contemporary market-based financial systems, affecting demand for financial assets and access to finance. However, existing collateral frameworks suffer from a carbon bias: they create disproportionately better financing conditions for carbon-intensive activities. This paper highlights the need to green the collateral frameworks and explores how central banks can incorporate environmental criteria into these frameworks.

JEL-codes: F3 G3 (search for similar items in EconPapers)
Pages: 16 pages
Date: 2022-08-08
New Economics Papers: this item is included in nep-cba, nep-ene, nep-env and nep-hme
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:116640

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