Green swan: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Expand definition.) |
||
| Line 1: | Line 1: | ||
''Risk management - systemic risk - climate risk''. | ''Risk management - systemic risk - climate risk''. | ||
A green swan is a potentially extremely financially disruptive event leading to a systemic financial crisis, triggered by a climate-related event. | A green swan is a potentially extremely financially disruptive event leading to a systemic financial crisis, triggered in turn by a climate-related event. | ||
The term was popularised by Patrick Bolton, Morgan Després, Luiz Awazu Pereira da Silva, Frédéric Samama and Romain Svartzman in their 2020 book "The green swan - Central banking and financial stability in the age of climate change". | The term was popularised by Patrick Bolton, Morgan Després, Luiz Awazu Pereira da Silva, Frédéric Samama and Romain Svartzman in their 2020 book "The green swan - Central banking and financial stability in the age of climate change". | ||
Revision as of 01:26, 27 January 2022
Risk management - systemic risk - climate risk.
A green swan is a potentially extremely financially disruptive event leading to a systemic financial crisis, triggered in turn by a climate-related event.
The term was popularised by Patrick Bolton, Morgan Després, Luiz Awazu Pereira da Silva, Frédéric Samama and Romain Svartzman in their 2020 book "The green swan - Central banking and financial stability in the age of climate change".
See also
- Black swan
- Central bank
- Climate change
- Climate risk
- Financial stability
- Risk management
- Systemic risk
