Espagne, Etienne, Oman, William, Mercure, Jean-François, Svartzman, Romain, Volz, Ulrich, Pollitt, Hector, Semieniuk, Gregor and Campiglio, Emanuele (2023) Cross-border Risks of a Global Economy in Mid-Transition. Washington, DC: IMF Working Paper No. 23/184.
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Abstract
This paper analyzes the cross-border risks that could result from a decarbonization of the world economy. We develop a typology of cross-border risks and their respective channels. Our qualitative and quantitative scenario analysis suggests that the mid-transition – a period during which fossil-fuel and lowcarbon energy systems co-exist and transform at a rapid pace – could have profound stability and resilience implications for global trade and the international financial system.
| Item Type: | Monographs and Working Papers (Working Paper) |
|---|---|
| Keywords: | Climate change; transition risks; cross-border risks; trade; international money and finance |
| SOAS Departments & Centres: | Departments and Subunits > Department of Economics School Research Centres > Centre for Sustainable Finance |
| ISBN: | 9798400254550 |
| Copyright Statement: | © 2023 International Monetary Fund |
| Date Deposited: | 15 Apr 2024 16:28 |
| URI: | https://eprints.soas.ac.uk/id/eprint/41731 |
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