Cross-border risks of a global economy in mid-transition
Book
Espagne, Etienne ; Oman, William ; Mercure, Jean-Francois ; Svartzman, Romain ; Volz, Ulrich ; Pollitt, Hector ; Semienuk, Gregor ; Campiglio, Emanuele
IMF - Washington, DC
2023
59 p.
climate change ; risk assessment ; decarbonization ; renewable resources ; energy economics ; trade ; financial system
IMF Working Paper
WP/23/184
Risk assessment and risk management
https://doi.org/10.5089/9798400254550.001
English
Bibliogr.
"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 low-carbon 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."
Digital
