Should new prudential regulation discriminate green credit risk ? A macrofinancial study for the Output Floor case
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Budnik, Katarzyna & Dimitrov, Ivan & Groß, Johannes & Lampe, Max & Volk, Matjaz, 2021. "Macroeconomic impact of Basel III finalisation on the euro area," Macroprudential Bulletin, European Central Bank, vol. 14.
- Robert Stewart, 2021. "Improving regulatory capital allocation: a case for the internal ratings-based approach for retail credit risk exposures," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 29(3), pages 317-335, May.
- Neisen, Martin & Schulte-Mattler, Hermann, 2021. "Eliminating the negative impacts of the Basel IV output floor by adjusting a bank’s business model," Journal of Risk Management in Financial Institutions, Henry Stewart Publications, vol. 14(3), pages 256-267, June.
- George Economides & Anastasios Xepapadeas, 2018.
"Monetary policy under climate change,"
Working Papers
247, Bank of Greece.
- George Economides & Anastasios Xepapadeas, 2018. "Monetary Policy under Climate Change," CESifo Working Paper Series 7021, CESifo.
- D’Orazio, Paola & Popoyan, Lilit, 2019.
"Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?,"
Ecological Economics, Elsevier, vol. 160(C), pages 25-37.
- Paola D'Orazio & Lilit Popoyan, 2018. "Fostering green investments and tackling climate-related financial risks: which role for macroprudential policies?," LEM Papers Series 2018/35, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- D'Orazio, Paola & Popoyan, Lilit, 2018. "Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?," Ruhr Economic Papers 778, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Badarau, Cristina & Roussel, Corentin, 2022. "A theoretical foundation for prudential authorities decision making," International Economics, Elsevier, vol. 172(C), pages 451-462.
- Cristina Badarau & Corentin Roussel, 2022. "A theoretical foundation for prudential authorities decision making," International Economics, CEPII research center, issue 172, pages 421-462.
- Garth Heutel, 2012.
"How Should Environmental Policy Respond to Business Cycles? Optimal Policy under Persistent Productivity Shocks,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 244-264, April.
- Garth Heutel, 2011. "Online Appendix to "How Should Environmental Policy Respond to Business Cycles? Optimal Policy under Persistent Productivity Shocks"," Online Appendices 10-62, Review of Economic Dynamics.
- Cristina Badarau & Corentin Roussel, 2021.
"A Theoretical Foundation for Prudential Authorities Decision Making,"
Working Papers
2021.11, International Network for Economic Research - INFER.
- Cristina Badarau & Corentin Roussel, 2022. "A theoretical foundation for prudential authorities decision making," Post-Print hal-03560112, HAL.
- Garth Heutel, 2012.
"How Should Environmental Policy Respond to Business Cycles? Optimal Policy under Persistent Productivity Shocks,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 15(2), pages 244-264, April.
- Heutel, Garth, 2011. "How Should Environmental Policy Respond to Business Cycles? Optimal Policy under Persistent Productivity Shocks," UNCG Economics Working Papers 11-8, University of North Carolina at Greensboro, Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Francesca Diluiso & Barbara Annicchiarico & Matthias Kalkuhl & Jan C. Minx, 2020.
"Climate Actions and Stranded Assets: The Role of Financial Regulation and Monetary Policy,"
CESifo Working Paper Series
8486, CESifo.
- Francesca Diluiso & Barbara Annicchiarico & Matthias Kalkuhl & Jan C. Minx, 2020. "Climate Actions and Stranded Assets: The Role of Financial Regulation and Monetary Policy," CEIS Research Paper 501, Tor Vergata University, CEIS, revised 22 Jul 2020.
- Corentin Roussel, 2024. "Macrofinancial Effects of the Output Floor in Euro Area Banking System," Working Papers of BETA 2024-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
- Patrick Gruning, 2022. "Fiscal, Environmental, and Bank Regulation Policies in a Small Open Economy for the Green Transition," Working Papers 2022/06, Latvijas Banka.
- George Economides & Anastasio Xepapadeas, 2019.
"The effects of climate change on a small open economy,"
CESifo Working Paper Series
7582, CESifo.
- George Economides & Anastasios Xepapadeas, 2019. "The effects of climate change on a small open economy," Working Papers 267, Bank of Greece.
- Chan, Ying Tung, 2020. "Are macroeconomic policies better in curbing air pollution than environmental policies? A DSGE approach with carbon-dependent fiscal and monetary policies," Energy Policy, Elsevier, vol. 141(C).
- George, Ammu & Huang, Jingong & Xie, Taojun, 2022. "Assessing the dual mandates of sustainability-linked monetary policy," Energy Economics, Elsevier, vol. 113(C).
- Barbara Annicchiarico & Stefano Carattini & Carolyn Fischer & Garth Heutel, 2022.
"Business Cycles and Environmental Policy: A Primer,"
Environmental and Energy Policy and the Economy, University of Chicago Press, vol. 3(1), pages 221-253.
- Barbara Annicchiarico & Stefano Carattini & Carolyn Fischer & Garth Heutel, 2021. "Business Cycles and Environmental Policy: A Primer," NBER Chapters, in: Environmental and Energy Policy and the Economy, volume 3, pages 221-253, National Bureau of Economic Research, Inc.
- Diluiso, Francesca & Annicchiarico, Barbara & Kalkuhl, Matthias & Minx, Jan C., 2021. "Climate actions and macro-financial stability: The role of central banks," Journal of Environmental Economics and Management, Elsevier, vol. 110(C).
- Chan, Ying Tung, 2020. "Optimal emissions tax rates under habit formation and social comparisons," Energy Policy, Elsevier, vol. 146(C).
- Chen, Chuanqi & Pan, Dongyang, 2020. "The Optimal Mix of Monetary and Climate Policy," MPRA Paper 97718, University Library of Munich, Germany.
- Chan, Ying Tung & Ji, Qiang & Zhang, Dayong, 2024. "Optimal monetary policy responses to carbon and green bubbles:A two-sector DSGE analysis," Energy Economics, Elsevier, vol. 130(C).
- Punzi, Maria Teresa, 2024. "The role of macroprudential policies under carbon pricing," International Review of Economics & Finance, Elsevier, vol. 93(PA), pages 858-875.
- Drudi, Francesco & Moench, Emanuel & Holthausen, Cornelia & Weber, Pierre-François & Ferrucci, Gianluigi & Setzer, Ralph & Adao, Bernardino & Dées, Stéphane & Alogoskoufis, Spyros & Téllez, Mar Delgad, 2021. "Climate change and monetary policy in the euro area," Occasional Paper Series 271, European Central Bank.
- Chan, Ying Tung & Punzi, Maria Teresa & Zhao, Hong, 2024. "Green transition and financial stability: The role of green monetary and macroprudential policies and vouchers," Energy Economics, Elsevier, vol. 132(C).
- Ying Tung Chan, 2019. "Optimal Environmental Tax Rate in an Open Economy with Labor Migration—An E-DSGE Model Approach," Sustainability, MDPI, vol. 11(19), pages 1-38, September.
- Blazquez, Jorge & Galeotti, Marzio & Manzano, Baltasar & Pierru, Axel & Pradhan, Shreekar, 2021. "Effects of Saudi Arabia’s economic reforms: Insights from a DSGE model," Economic Modelling, Elsevier, vol. 95(C), pages 145-169.
- Maria Teresa Punzi, 2024. "The Role of Macroprudential Policies under Carbon Pricing," Working and Discussion Papers WP 4/2024, Research Department, National Bank of Slovakia.
- Chen, Chuanqi & Pan, Dongyang & Huang, Zhigang & Bleischwitz, Raimund, 2021. "Engaging central banks in climate change? The mix of monetary and climate policy," Energy Economics, Elsevier, vol. 103(C).
- Giovanardi, Francesco & Kaldorf, Matthias & Radke, Lucas & Wicknig, Florian, 2022. "The preferential treatment of green bonds," Discussion Papers 51/2022, Deutsche Bundesbank.
- Xu, Qi & Liu, Kui, 2024. "Hero or Devil: A comparison of different carbon tax policies for China," Energy, Elsevier, vol. 306(C).
More about this item
Keywords
Output Floor; Credit Risk; Green Finance; Climate Change; DSGE.;All these keywords.
JEL classification:
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
- E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BAN-2024-04-22 (Banking)
- NEP-CBA-2024-04-22 (Central Banking)
- NEP-DGE-2024-04-22 (Dynamic General Equilibrium)
- NEP-EEC-2024-04-22 (European Economics)
- NEP-ENE-2024-04-22 (Energy Economics)
- NEP-ENV-2024-04-22 (Environmental Economics)
- NEP-RMG-2024-04-22 (Risk Management)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ulp:sbbeta:2024-07. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bestrfr.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.