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.
Etienne Espagne , William Oman , Jean-François Mercure , Romain Svartzman , Ulrich Volz , Hector Pollitt , et al. (2023). Cross-Border Risks of a Global Economy in Mid-Transition. International Monetary Fund [10.5089/9798400254550.001].
Cross-Border Risks of a Global Economy in Mid-Transition
Emanuele Campiglio
2023
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 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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
