climate-linked financial crises loom, but the fix isn't up to central banks
- Written by Richard Holden, Professor of Economics, UNSW
The Bank for International Settlements – the “central bank” for central banks – made headlines this week with a report outlining how the next major financial crisis may come from unexpected climate risks.
The book calls these risks “green swans” – a play on the term “black swan”, coined by...
Read more: climate-linked financial crises loom, but the fix isn't up to central banks
