Green swan and Replacement risk: Difference between pages

Revision as of 10:59, 21 March 2015

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.

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-''Risk management - systemic risk - climate risk''.
+The risk of loss arising from the need to replace a contract before having paid away the principal amount.
-A green swan is a potentially extremely financially disruptive event leading to a systemic financial crisis, triggered in turn by a climate-related event.
+Often quantified approximately as the expected profit foregone.
-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]]
+* [[Credit risk]]
-* [[Central bank]]
+* [[Principal risk]]
-* [[Climate change]]
-* [[Climate risk]]
-* [[Financial stability]]
-* [[Risk management]]
-* [[Systemic risk]]
-== External link ==
-*[https://www.bis.org/publ/othp31.htm The green swan - Central banking and financial stability in the age of climate change]
-[[Category:The_business_context]]
 [[Category:Identify_and_assess_risks]]
-[[Category:Manage_risks]]
-[[Category:Risk_frameworks]]
-[[Category:Risk_reporting]]
-[[Category:Financial_products_and_markets]]