Title:

A Significance of Climate Risks for the financial Stability: What do Trends in Central Banks Communication Tell Us?

Group publication title:

Financial Sciences. Nauki o Finansach

Title in english:

Istotność ryzyka klimatycznego dla stabilności finansowej: na co wskazują trendy w komunikacji banków centralnych?

Creator:

Wołoszczenko-Hołda, Łada

Subject and Keywords:

climate risk ; financial stability ; central bank ; communication ; FSR ; ryzyko klimatyczne ; stabilność finansowa ; bank centralny ; komunikacja

Description:

Financial Sciences. Nauki o Finansach, 2022, vol. 27, no. 2, s. 84-94

Abstrakt:

The article examines to what extent central banks transmit the significance of climate risks for the financial stability to markets. Using simple text-mining techniques the article explores Financial Stability Reports (FSR) of central banks from the sample to assess the relative importance of climate- related topics, in particular to assess an intensity and regularity of climate topics in FSRs as sub-factors of their importance. The author assumed that the great importance of climate topics in central banks communication, facilitated by their regularity, gives a strong signal to markets about the significance of climate risks for financial stability. However, the findings indicate the generally low importance of climate-related topics in central banks’ communication (by means of FSR), which remains in contrast with the great urgency of climate considerations for financial stability nowadays.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2022

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/fins.2022.2.07

Language:

eng

Relation:

Financial Sciences. Nauki o Finansach, 2022, vol. 27, no. 2

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-SA 4.0

Location:

Uniwersytet Ekonomiczny we Wrocławiu