Cross-Border Risks of a Global Economy in Mid-Transition

Cross-Border Risks of a Global Economy in Mid-Transition
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Volume/Issue: Volume 2023 Issue 184
Publication date: September 2023
ISBN: 9798400254550
$20.00
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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Economics / General , Environmental Economics , Natural Resources , Public Policy- Environmental Policy , Climate change , transition risks , cross-border risks , trade , international money and finance , , asset purchase , energy export , baseline export , baseline GDP , cost of capital , Non-renewable resources , Climate policy , Exports , Global

Summary

This paper analyzes the cross-border risks that could result from a decarbonization of the world economy. We develop a typology of cross-border risks and their respective channels. Our qualitative and quantitative scenario analysis suggests that the mid-transition – a period during which fossil-fuel and low-carbon energy systems co-exist and transform at a rapid pace – could have profound stability and resilience implications for global trade and the international financial system.