References
- Acharya, V., Imbierowicz, B. Steffen, S., & Teichmann, D. (2020). Does the Lack of Financial Stability Impair the Transmission of Monetary Policy. Journal of Financial Economics, 138(2), 342–365.
- Arseneau, D. M., Drexler, A., & Osada, M. (2022). Central Bank Communication About Climate Change. Finance and Economics Discussion Series. Federal Reserve Board, Washington D.C.
- Avgousti, A., Caprioli, F., Caracciolo, G., Cochard, M., Dallari, P., Delgado-Téllez, M., Domingues, J., Ferdinandusse, M., Filip, D., Nerlich, C., Prammer, D., Schmidt, K., & Theofilakou, A. (2023). The Climate Change Challenge and Fiscal Instruments and Policies in the EU. Occasional Paper, 315, European Central Bank.
- Banca Națională a României. (2021). National Bank of Romania’s Declaration of Engagement as a Member of Network for Greening the Financial System. https://bnr.ro/page.aspx?prid=20097
- Batsaikhan, U., & Jourdan, S. (2021). Money Looking for a Home [Technical Report]. Positive Money Europe. http://www.positivemoney.eu/wp-content/uploads/2021/02/2021_Building-Renovation-TLTROs.pdf
- Benincasa, E., Kabas, G., & Ongena, S. (2022). “There is No Planet B”, But For Banks “There are Countries B to Z”: Domestic Climate Policy and Cross-Border Lending. Swiss Finance Institute Research Paper, 22–28.
- Bennani, H., & Neuenkirch, M. (2017). The (Home) Bias of European Central Bankers: New Evidence Based on Speeches. Applied Economics, 49(11), 1114–1131.
- Binder, C. C. (2021). Political Pressure on Central Banks. Journal of Money, Credit, and Banking, 53(4), 715–744.
- Bolton, P., Despres, M., Pereira da Silva, L. A., Samana, F., & Svartzman, R. (2020). The Green Swan. Central Banking and Financial Stability in the Age of Climate Change. Bank for International Settlements, Basel.
- Boneva, L., Ferrucci, G., & Monegelli, F. P. (2021). To Be or Not to Be “Green”: How Can Monetary Policy React to Climate Change? Occasional Paper, 285. European Central Bank.
- Bylund, E. & Jonsson, M. (2020). How Does Climate Change Affect the Long-run Real Interest Rate? Economic Commentaries, 11. Sveriges Riksbank.
- Calliess C., & Tuncel, E. (2023). The Role of Article 11 TFEU in the Greening of the ECB’s Monetary Policy. German Law Journal, 1–29.
- Campiglio, E. (2016). Beyond Carbon Pricing: The Role of Banking and Monetary Policy in Financing the Transition to a Low-Carbon Economy. Ecological Economics, 121, 220–230.
- Cantelmo, A., Melina, G., & Papageorgio, C. (2023). Macroeconomic Outcomes in Disaster-Prone Countries. Journal of Development Economics, 161, 103037.
- Chen, C., Pan, D., Huang, Z., & Bleischwitz, R. (2021). Engaging Central Banks in Climate Change? The Mix of Monetary and Climate Policy. Energy Economics, 103, 105531.
- ClientEarth. (2023, November 29). ClientEarth Withdraws Belgian Central Bank Lawsuit after EU Greens Monetary Policy [Press Release]. https://climatecasechart.com/wp-content/uploads/non-us-case-documents/2022/20221129_2138C_press-release.pdf
- Cullen, J. (2023). Central Banks and Climate Change: Mission Impossible? Journal of Financial Regulation, 9(2), 1–36.
- Dafermos, Y., & Nikolaidi, M. (2021). How can Green Differentiated Capital Requirements Affect Climate Risks? A Dynamic Macrofinancial Analysis. Journal of Financial Stability, 54, 100871.
- De Haas, R., & Popov, A. (2023). Finance and Green Growth. Economic Journal, 133, 637–668.
- De Santis, R. A., Hettler, K., Roos, M., & Tamburrini, F. (2018). Purchases of Green Bonds under the Eurosystem’s Asset Purchase Programme. Economic Bulletin, 7/2028.
- Deyris, J. (2023). Too Green to Be True? Forging a Climate Consensus at the European Central Bank. New Political Economy, 28(5), 1–18.
- Dikau, S., & Volz, U. (2021). Central Bank Mandates, Sustainability Objectives and the Promotion of Green Finance. Ecological Economics, 184, 107022.
- Elderson, F. (2021, February 13). Greening Monetary Policy [Blog Post]. https://www.ecb.europa.eu/press/blog/date/2021/html/ecb.blog210213~7e26af8606.en.html
- Eren, E., Merten, F., & Verhoeven, N. (2022). Pricing of Climate Risks in Financial Markets: A Summary of the Literature. BIS Papers, 130. European Central Bank. (2022, November 2). ECB Sets Deadlines for
- Banks to Deal with Climate Risks´ [Press Release]. https://www.bankingsupervision.europa.eu/press/pr/date/2022/html/ssm.pr221102~2f7070c567.en.html
- European Commission. (2021). Climate Change. Special Eurobarometer, 513. https://climate.ec.europa.eu/system/files/2021-07/report_2021_en.pdf
- Fender I., McMorrow, M., Sahakyan, V., & Zulaica, O. (2019, September). Green Bonds: The Reserve Management Perspectice. BIS Quarterly Review, 49–63.
- Fender I., McMorrow, M., & Zulaica, O. (2022). Sustainable Management of Central Banks’ Foreign Exchange (FX) Reserves. https://www.lse.ac.uk/granthaminstitute/wp-content/uploads/2022/07/INSPIRE-paper-6-Sustainable-management-of-central-banks-foreign-exchange-FX-reserves.pdf
- Ferrari, A., & Nispi Landi, V. (2020). Whatever it Takes to Save the Planet? Central Banks and Unconventional Green Policy. ECB WP, 2500.
- Giovanardi, F., Kaldorf, M., Radke, I., & Wicknig, F. (2022 mimeo). The Preferential Treatment of Green Bonds. University of Cologne.
- Hrvatska Narodna Banka. (2021). Climate Pledge. https://www.hnb.hr/en/about-us/functions-and-structure/cnb-and-climate-change/climate-pledge
- Ingholt, M. M., Jygert, L., & Marcussen, A. B. (2021, July). Climate Change and the Role of Central Banks. Danmarks Nationalbanken, Analysis, 19.
- Isărescu, M. (2022). Sustainability and Climate Change – A More Delicate Balancing Act. https://www.obserwatorfinansowy.pl/bez-kategorii/rotator/sustainability-climate-change-a-more-delicate-balancing-act/
- Khan, H., Metaxoglou, K., Knittel, C. R., & Papineau, M. (2019). Carbon Emissions and Business Cycles. Journal of Macroeconomics, 60, 1–19.
- Magyar Nemzeti Bank. (2020). Facilitation, Deadline-Extension in the Green Preferential Capital Requirement Programme. Budapest.
- Magyar Nemzeti Bank. (2021a, April 21). New Supervisory Recommendation Published for Credit Institutions on Climate-related and Environmental Risks [Press Release].
- Magyar Nemzeti Bank. (2021b). Sustainability and Central Bank Policy – Green Aspects of the Magyar Nemzeti Bank`s Monetary Policy Toolkit. Budapest.
- Magyar Nemzeti Bank. (2022). The Magyar Nemzeti Bank’s Climate-Related Financial Disclosure. Budapest. https://www.mnb.hu/letoltes/tcfdjelente-s-2022-en.pdf
- Massoc, E. C. (2022). Climate Change versus Price Stability. How ‘Green’ Central Bankers and Members of the European Parliament Became Pragmatic (Yet Precarious) Bedfellows. Positive Money Europe. https://www.positivemoney.eu/wp-content/uploads/2022/06/Climate-change-versus-price-stability.pdf
- Mora, M. (2021, March 24). Finger weg von der Klimapolitik (in German). Frankfurter Allgemeine Zeitung, 25.
- Moschella, M., & Martocchia Diodati, N. (2020). Does Politics Drive Conflict in Central Banks’ Committees? Lifting the Veil on the European Central Bank Consensus. European Union Politics, 21(2), 183–203.
- Moschella, M., Pinto, L., & Martocchia Diodati, N. (2020). Let’s Speak More? How the ECB Responds to Public Contestation. Journal of European Public Policy, 27(3), 400–418.
- Narodowy Bank Polski. (n. d.). Foreign Exchange Reserve Management. https://nbp.pl/en/about-nbp/foreign-exchange-reserve-management/
- Network for Greening the Financial System. (2018, October). First Progress Report.
- Nordhaus, W. (2015). Climate Clubs: Overcoming Free-Riding in International Climate Policy. American Economic Review, 105, 1339–1370.
- Papoutsi, M., Piazzesi, M., & Schneider, M. (2021, mimeo). How Unconventional is Green Monetary Policy.
- Parajon Skinner, C. (2021). Central Banks and Climate Change. Vanderbilt Law Review, 74(5), 1301–1364.
- Rusnok, J. (2021, May 17). The Changing World of Central Banking.
- Schnabel, I. (2020, September 28). When Markets Fail – the Need for Collective Action in Tackling Climate Change, Frankfurt am Main.
- Schnabel, I. (2021a). Climate Change and Monetary Policy. https://www.imf.org/en/Publications/fandd/issues/2021/09/isabel-schnabel-ECB-climate-change
- Schnabel, I. (2021b, June 14). From Market Neutrality to Market Efficiency. Welcome Address at the ECB DG-Research Symposium “Climate Change, Financial Markets and Green Growth” [Speech]. Frankfurt/Main.
- Schnabel, I. (2021c, March 3). From Green Neglect to Green Dominance? Intervention at the “Greenings Monetary Policy – Central Banking and Climate Change” [Speech]. Frankfurt/Main.
- Schnabel, I. (2022). A New Age of Energy Inflation: Climateflation, Fossilflation and Greenflation [Speech at the ECB and its Watchers XXII Conference]. Frankfurt/Main.
- Setzer, J., Higham, C., Jackson, A., & Solana, J. (2021). Climate Change Litigation and Central Banks. European Central Bank Legal Working Paper Series, 2021/21.
- Simandan, R., & Paun, C. (2021). The Costs and Trade-Offs of Green Central Banking: A Framework for Analysis. Energies, 14(16).
- Sveriges Riksbank. (2023a). Asset Management and Sustainability. https://www.riksbank.se/en-gb/about-the-riksbank/the-riksbanks-work-onsustainability/asset-management-and-sustainability/
- Sveriges Riksbank. (2023b). The Riksbank’s Climate Report 2023. https://www.riksbank.se/en-gb/about-the-riksbank/the-riksbanks-work-onsustainability/climate-report/the-riksbanks-climate-report2/foreword/
- van ’t Klooster, J., & Tilburg, R. van (2020). Targeting a Sustainable Recovery [Technical Report]. Positive Money Europe.
- Vujčić, B. (2021). Adapting to Climate Change Has No Alternative [Governor`s Speech at the Online Event “The Role of Banks in Greening Our Economies”, Zagreb]. https://www.hnb.hr/en/-/adapting-to-climate-change-has-no-alternative