| SEMINAR ŞTIINŢIFIC MONEDA, FINANŢE, BĂNCI – SEMINAR ȘTIINȚIFIC |
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Forthcoming seminars / Seminare viitoare Archive / Arhivă 2024-2025 Premiere 2024-2025
Climate-Related Financial Policy and Systemic Risk
Marți, 25 martie 2025 – ora 16:30 – sala 3M4 (etaj 1, clădirea Moxa)
Nicu Sprancean
Universitatea Alexandru Ioan Cuza Iași; sprincean.nicu@uaic.ro
Abstract:
We examine the relationship between climate-related financial policies (CRFPs) and banks’ systemic risk. Using a sample of 458 banks in 47 countries over the period 2000-2020, we document that more stringent CRFPs are detrimental to overall financial stability and contribute to increased system-wide distress. These findings raise the possibility that overly stringent green finance policies could lead to a disorderly transition. In addition, measures that restrict banks’ exposure to carbon-intensive counterparties, both directly and indirectly, may lead to less lending to the real economy and higher lending rates. The latter increase, in turn, could lead to significant credit losses, reduced bank profitability and other spillover effects with the potential to undermine systemic resilience. However, the implementation and ratification of the Paris Agreement, more robust adaptation strategies to cope with climate shocks and a higher incidence of natural disasters and a larger number of people affected by extreme climate events may counteract the amplifying effects of CRFPs on systemic risk. Moreover, banks with stronger environmental, social, and governance (ESG) commitments experience less systemic distress when exposed to green financial policies. Our findings have critical policy implications for public authorities formulating green financial policies to achieve the goals of the Paris Agreement.
Zoom:
https://ase.zoom.us/j/88975840175?pwd=Q0ZnbHl0TjhqcEtzVnhMUWRmdWdPQT09
Activitate de socializare: La Radu
How do microfinance and economic development mutually support each other? A Panel VAR approach in developing economies
Marți, 6 mai 2025 – ora 16:30 – sala 3M4 (etaj 1, clădirea Moxa)
Bogdan Nicolae Ianc
Universitatea de Vest din Timișoara; bogdan.ianc@e-uvt.ro
Abstract:
This paper explores the relationship between microfinance and economic development using a cross-country dataset of 60 developing countries from 2000-2018. We employ the Panel VAR model, estimated by the generalised method of moments (GMM). Microfinance institutions indicators are categorised into social and financial performance variables. Social performance variables include the number of clients served and the percentage of women borrowers, while financial performance indicators consist of the portfolio at risk, operational self-sufficiency, and operating expenses. Economic development is assessed using the Human Development Index, which integrates economic indicators like Gross National Income per capita with social indicators such as educational attainment and life expectancy at birth. We perform a Granger causality test confirming a Granger causal relationship between microfinance and economic development. Our findings indicate that shocks to social performance variables positively influence economic development, and shocks to financial performance variables significantly impact the human development index.
Zoom:
https://ase.zoom.us/j/88975840175?pwd=Q0ZnbHl0TjhqcEtzVnhMUWRmdWdPQT09
Activitate de socializare: La Radu