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  1. Living in a world of disappearing nature
    physical risk and the implications for financial stability
    Author: Boldrini, Simone; Ceglar, Andrej; Lelli, Chiara; Parisi, Laura; Heemskerk, Irene
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    The loss of biodiversity and the degradation of natural ecosystems pose a significant threat to the broader economy and financial stability that central banks and financial supervisors cannot ignore. To gain further insights into the implications of... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 535
    Inter-library loan:
    No inter-library loan

     

    The loss of biodiversity and the degradation of natural ecosystems pose a significant threat to the broader economy and financial stability that central banks and financial supervisors cannot ignore. To gain further insights into the implications of nature and ecosystem service degradation for financial stability, this study assesses the dependencies of euro area non-financial corporations and banks on different ecosystem services. The study then develops a method to capture banks' credit portfolio sensitivity to possible future changes in the provision of ecosystem services. Our results show that 75% of all corporate loan exposures in the euro area have a strong dependency on at least one ecosystem service. We also find that loan portfolios may be significantly affected if nature degradation continues its current trend, with greater vulnerabilities concentrated in certain regions and economic sectors.

     
    Export to reference management software   RIS file
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289962322
    Other identifier:
    hdl: 10419/283460
    Series: Occasional paper series / European Central Bank ; No 333
    Subjects: biodiversity loss; nature degradation; input-output table; ENCORE,materiality score; economy; impact; nexus
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen
  2. Living in a world of disappearing nature
    physical risk and the implications for financial stability
    Author: Boldrini, Simone; Ceglar, Andrej; Lelli, Chiara; Parisi, Laura; Heemskerk, Irene
    Published: [2023]
    Publisher:  European Central Bank, Frankfurt am Main, Germany

    The loss of biodiversity and the degradation of natural ecosystems pose a significant threat to the broader economy and financial stability that central banks and financial supervisors cannot ignore. To gain further insights into the implications of... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

     

    The loss of biodiversity and the degradation of natural ecosystems pose a significant threat to the broader economy and financial stability that central banks and financial supervisors cannot ignore. To gain further insights into the implications of nature and ecosystem service degradation for financial stability, this study assesses the dependencies of euro area non-financial corporations and banks on different ecosystem services. The study then develops a method to capture banks' credit portfolio sensitivity to possible future changes in the provision of ecosystem services. Our results show that 75% of all corporate loan exposures in the euro area have a strong dependency on at least one ecosystem service. We also find that loan portfolios may be significantly affected if nature degradation continues its current trend, with greater vulnerabilities concentrated in certain regions and economic sectors.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789289962322
    Other identifier:
    hdl: 10419/283460
    Series: Occasional paper series / European Central Bank ; No 333
    Subjects: biodiversity loss; nature degradation; input-output table; ENCORE,materiality score; economy; impact; nexus
    Scope: 1 Online-Ressource (circa 54 Seiten), Illustrationen