How Long to Read Climate-Related Stress Testing: Transition Risk in Colombia

How Long Does it Take to Read Climate-Related Stress Testing: Transition Risk in Colombia?

It takes the average reader and 40 minutes to read Climate-Related Stress Testing: Transition Risk in Colombia by Can Sever

Assuming a reading speed of 250 words per minute. Learn more

Description

This paper builds a framework to quantify the financial stability implications of climate-related transition risk in Colombia. We explore risks imposed on the banking system based on scenarios of an increase in the domestic carbon tax by using bank- and firm-level data. Focusing on the deterioration of firms’ balance sheets and the exposure of banks to different sectors, we assess the extent to which such policy shock would transmit from nonfinancial firms to the banking system. We observe that sectors are affected unevenly by a higher carbon tax. Agriculture, manufacturing, electricity, wholesale and retail trade, and transportation sectors appear to be the most important in the transmission of the risk to the banking system. Results also suggest that a large increase in the carbon tax can generate significant but likely manageable financial stability risks, and that a gradual increase in the carbon tax to meet a higher target over several years could be preferable in terms of financial risks. A gradual increase would also have the benefit of allowing for a smoother adjustment to higher carbon tax for stakeholders.

How long is Climate-Related Stress Testing: Transition Risk in Colombia?

Climate-Related Stress Testing: Transition Risk in Colombia by Can Sever is 40 pages long, and a total of 10,000 words.

This makes it 13% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Climate-Related Stress Testing: Transition Risk in Colombia Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 54 minutes to read Climate-Related Stress Testing: Transition Risk in Colombia aloud.

What Reading Level is Climate-Related Stress Testing: Transition Risk in Colombia?

Climate-Related Stress Testing: Transition Risk in Colombia is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Climate-Related Stress Testing: Transition Risk in Colombia?

Climate-Related Stress Testing: Transition Risk in Colombia by Can Sever is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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