Ivan Faiella
Bank of Italy

Abstract:

Central banks have placed a growing emphasis on the fact that climate risks can affect the stability of the financial system, the resilience of individual intermediaries and interfere with the transmission channels of monetary policy and price stability. This article presents a brief review of the main mechanisms by which climate risk can be transmitted to the financial system potentially representing a «matter for central bankers».

Ivan Faiella is a Senior Economist at the Financial Stability Service of the Bank of Italy.

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Venue
Department of Management, Economics and Industrial Engineering
Building B26/B – Room 3.23 – third floor
Via Lambruschini 4/B, Milano