Abstract:
This study evaluates the impact of climate-related risks on global financial stability, emphasizing both physical and transitional risks. It explores the influence of these risks on ESG (Environmental, Social, and Corporate Governance) goals, particularly within the context of the European Green Deal and post-COVID-19 recovery efforts. Utilizing a dynamic common factor model, the research analyzes time-series data from 2010 to 2019 to measure...
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