@BoE_Research Really proud of this paper! Rigorous math of how the value of a contract depends on #financial#network of contracts. Miss it and you underestimate systemic risk big time! Key output of @fet_eu project DOLFINS, tnx to whole team!
Publication: BoE’s Marco Bardoscia (+ 6 co-authors) “Network Valuation in Financial Systems” in Mathematical Finance. Builds model of balance-sheet consistent valuation of interbank claims in an interconnected financial system.
https://t.co/aIBTMgMSS7
In 2012 German government got an excellent report about the risk of a pandemic like the present one. But preparations were insufficient. https://t.co/ftHJAsNCBo
Is the #StockMarket blind to #carbon#risk?We did a first assessment of the performance of carbon-intensive/low-carbon assets after the Paris Agreement.We find that investors rewarded green firms but did not penalize brown firms @EcologicalEcon @zbattiz https://t.co/FvY2UBNG6n
It's the day. #SustainableFinanceUZH2020#ClimateChange & #Financial#Risk.
We start off this morning:
Christian Huggel (UZH): what do we know (and not) from climate science?
Keywan Riahi (IIASA): a walk over possible energy transition pathways
https://t.co/Be0g9JLlLf