Studie
Climate risk and the Norwegian exchange rate
This study discusses whether climate risk, in the form of physical risk and transition risk, may cause an appreciation or depreciation of the Norwegian krone. Since countries vary greatly in their exposure to and capacity to manage different types of climate risk, assessing the exchange-rate impact entails evaluating how much a country may lose or gain from climate risk compared to its trading partners. The study highlights factors suggesting that the Norwegian krone may face lower climate risk compared to currencies of trading partners, and investigates empirically whether climate risk has affected the krone exchange rate over the past decade.
Publisert
Eier
Norges Bank
Forfatter
Q. Farooq Akram
Språk
engelsk
Kilde
ISBN
9788283793314
Tema
Klima og miljø økonomi