"Among investor categories, #insurers and households appear to be the most exposed to #climaterisks through the intermediary of #investmentfunds. However, insurers seem to be aware of this #risk and tend to invest in funds with low exposure to brown assets."
The paper delves into the intertwining of financial institutions and environmental concerns, particularly climate change and biodiversity loss. It introduces a dual framework based on 'impact' and 'ri
The paper explores optimal insurance contracts using decision makers' preferences, combining expected loss with a deviation measure like Gini coefficient or standard deviation. It reveals that using e
“I show that, during a normal economic period, rather than having a disciplining effect, disclosure leads to banks increasing risk taking, consistent with banks facing pressure to offset the costs of