Call for academic papers
Submission Deadline: 15 October, 2019
Conference, 5 – 6 December, 2019
Venue: CEMLA, Mexico City
Financial markets have a vast potential to assess the financial risks and business opportunities related to environment and climate change. The transition to a low-carbon economy, moving towards a 1.5° to 2°C target, implies a major shift from brown to green activities in the required investments. In this context, the impact of climate change on the financial system has taken recently central stage in the policy debate, nevertheless, the impact on both the macroeconomy and the financial system and the possible propagation channels have not been sufficiently studied. More importantly, there is still not an available toolkit for central banks to measure adequately such environment and climate related financial risk and opportunities.
In addition to academia, central banks should take an important role into the transformation.First by providing strong signals of the relevance of the topic for them as regulators and policy makers, and, secondly, by developing and using the relevant tools and metrics to understand the implications. The creation of the Network for Greening the Financial System (NGFS) is an important proof of that relevance. Some of its members will be participating actively into this conference.
To provide room for discussion and catalyze the mainstreaming of sustainable finance, Mexico´s Central Bank and CEMLA are jointly organising a conference on “Climate Change and its Impact on the Financial System”. Researchers from academia, central banks, and other public and private institutions are welcome to contribute to the discussion on 5-6 December, 2019 in Mexico City. The conference will include keynote, policy as well as academic sessions.
Papers on the following topics will be greatly appreciated, but papers on related issues will also be considered:
- Green finance, long term macroeconomic performance and financial stability
- Understanding and monitoring the market dynamics of green finance
- Scenario analysis
- Identifying and assessing transmission channels of climate risk from the real economy to the financial system focusing on amplification mechanisms
- Greening the activities of central banks
- Climate change related information disclosures
- The yield differential between green and conventional bonds
- Climate change certification, supervision, reporting and verification
Submission and dates:
Papers should be submitted to: firstname.lastname@example.org
Preference will be given to completed papers, but summaries and extended abstracts will also be considered.
- 15 October, 2019: Submission deadline
- 1 November, 2019: Decision results
- Serafín Martínez-Jaramillo, CEMLA and Banco de México
- Rafael del Villar, Banco de México
- Stefano Battiston, University of Zurich
- Juan Carlos García Vargas, Banco Central de Costa Rica
- María Nieto, Banco de España
- Mariana Escobar, Superintendencia Financiera de Colombia
- Miguel Molico, Bank of Canada
- Juan Carlos Belausteguigoitia Rius, ITAM
The selected papers will be invited to participate in a special issue hosted at the Latin American Journal of Central Banking.