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| ''Risk management - systemic risk - climate risk''. | | Trade in a commodity which is bought and sold outside of the original manufacturer's officially authorized and intended trading channels. |
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| A green swan is a potentially extremely financially disruptive event leading to a systemic financial crisis, triggered in turn by a climate-related event.
| | Not to be confused with the 'grey economy'. |
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| 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".
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| == See also ==
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| * [[Black swan]]
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| * [[Central bank]]
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| * [[Climate change]]
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| * [[Climate risk]]
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| * [[Financial stability]]
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| * [[Greenwash]]
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| * [[Risk management]]
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| * [[Systemic risk]]
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| == External link ==
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| *[https://www.bis.org/publ/othp31.htm The green swan - Central banking and financial stability in the age of climate change]
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| [[Category:The_business_context]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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| [[Category:Financial_products_and_markets]]
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Revision as of 15:21, 9 March 2015
Trade in a commodity which is bought and sold outside of the original manufacturer's officially authorized and intended trading channels.
Not to be confused with the 'grey economy'.
