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| 02176nam 2200361zi 4500 |
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| 001 | 9.927574 |
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| 003 | CaOODSP |
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| 005 | 20230920105859 |
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| 006 | m o d f |
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| 007 | cr |n||||||||| |
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| 008 | 230920t20232023oncd ob f|0| 0 eng d |
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| 040 | |aCaOODSP|beng|erda|cCaOODSP |
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| 041 | |aeng|beng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2023-38E-PDF |
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| 100 | 1 |aUgolini, Andrea, |eauthor. |
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| 245 | 10|aIs climate transition risk priced into corporate credit risk? : |bevidence from credit default swaps / |cby Andrea Ugolini, Juan C. Reboredo and Javier Ojea-Ferreiro. |
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| 264 | 1|a[Ottawa] : |bBank of Canada = Banque du Canada, |c2023. |
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| 264 | 4|c©2023 |
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| 300 | |a1 online resource (ii, 36 pages) : |bcharts. |
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| 336 | |atext|btxt|2rdacontent |
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| 337 | |acomputer|bc|2rdamedia |
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| 338 | |aonline resource|bcr|2rdacarrier |
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| 490 | 1 |aStaff working paper = Document de travail du personnel, |x1701-9397 ; |v2023-38 |
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| 500 | |a"Last updated: July 17, 2023." |
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| 504 | |aIncludes bibliographical references (pages 21-23). |
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| 520 | |a"We study whether the credit default swap (CDS) spreads of firms reflect the risk from climate transition. We first construct a climate transition risk (CTR) factor by using information on the vulnerability of a firm’s value to the transition to a low-carbon economy. We then document how this factor shifts the term structure of the CDS spreads of more vulnerable firms but not of less vulnerable firms. Considering the impact of different climate transition policies on the CTR factor, we find that these policies have asymmetric and significant economic impacts on the credit risk of more vulnerable firms, and negligible effects on other firms"--Abstract. |
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| 546 | |aIncludes abstract in French. |
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| 650 | 0|aClimatic changes|xRisk management|xEconomic aspects. |
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| 650 | 6|aClimat|xChangements|xGestion du risque|xAspect économique. |
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| 710 | 2 |aBank of Canada, |eissuing body. |
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| 830 | #0|aStaff working paper (Bank of Canada)|v2023-38.|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s845 KB|uhttps://publications.gc.ca/collections/collection_2023/banque-bank-canada/FB3-5-2023-38-eng.pdf |
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