Effect of climate change on financial institutions and the financial system

Peterson Ozili

MPRA Paper from University Library of Munich, Germany

Abstract: Climate change is emerging as an important issue, and has been a cause for increasing uncertainty in the business sector. It is important to understand the effects of climate change events on financial institutions and the financial system. This study analyzes the effect of climate change on financial institutions and the financial system, and show that climate change has serious consequences on the stability of financial institutions through its effect on the counterparties and clients of financial institutions. Climate change also has serious consequences on the stability of the financial system through its effect on financial institutions.

Keywords: Climate change; financial institutions; banks; financial system; financial sector (search for similar items in EconPapers)
JEL-codes: G18 G21 G22 G28 Q54 Q56 (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/103317/1/MPRA_paper_103317.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:103317

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().