We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Measuring Climate Transition Risk Spillovers.
- Authors
Yang, Runfeng; Caporin, Massimiliano; Jiménez-Martin, Juan-Angel
- Abstract
In this article, we study the transition risk spillover among six major financial markets from 2013 to 2021. The USA is the main transition risk contributor, while Japan and China are the net risk receivers. Risk spillover may change over time and change according to different types of transition risk shocks. It takes around 6 weeks for transition risks to be fairly transmitted. On average, around 50% of local climate shocks to a given financial market originate from other markets. Transmission channels include the transmission of information and the economic connections between countries.
- Subjects
FINANCIAL markets; RISK premiums; CARBON emissions
- Publication
Review of Finance, 2024, Vol 28, Issue 2, p447
- ISSN
1572-3097
- Publication type
Article
- DOI
10.1093/rof/rfad026