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| ''Risk management - systemic risk - climate-related risks''.
| | The risk of loss arising from the need to replace a contract before having paid away the principal amount. |
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| A green swan is a potentially extremely financially disruptive event leading to a systemic financial crisis, triggered by a climate-related event.
| | Often quantified approximately as the expected profit foregone. |
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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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| | Also known as replacement risk. |
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| == See also == | | == See also == |
| * [[Black swan]] | | * [[Credit risk]] |
| * [[Central bank]]
| | * [[Principal risk]] |
| * [[Climate change]] | | * [[Replacement cost]] |
| * [[Climate-related risk]]
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| * [[Financial stability]] | |
| * [[Risk management]]
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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 14:09, 13 November 2016
The risk of loss arising from the need to replace a contract before having paid away the principal amount.
Often quantified approximately as the expected profit foregone.
Also known as replacement risk.
See also
