Study Notes: Bolton, et al., “The Green Swan – Central Banking and Financial Stability in the Age of Climate Change”

“The Green Swan – Central Banking and Financial Stability in the Age of Climate Change” contain 10 pages covering the following learning objectives:

* Describe the concept of “green swan”, how it differs from “black swan” and why climate change is considered a ‘green swan” event.

* Explain why climate change is a threat to price stability.

* Explain why climate change is a threat to financial stability by describing the ways physical and transition risks can materialize.

* Discuss the measures that should be considered by members of the financial safety net under the risk, time horizon and system resilience approaches as well as the limitations of these measures.

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