Assessing nature-related risks in the Hungarian financial system: Charting the impact of nature's financial echo

This paper presents a technical assessment of nature-related risks within the Hungarian economy and financial system. The study draws upon the OECD Supervisory Framework to (i) prioritise various nature-related risks by conducting an impact and dependency assessment, identifying key economic sectors...

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Bibliographic Details
Main Author: Boffo, Riccardo (Author)
Other Authors: Miller, Hugh (Contributor), Santos Carneiro, Gabriel (Contributor), Zeren Gülersoy, Gürcan (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2024
Series:OECD Environment Working Papers no.243
Subjects:
Online Access:DE-862
DE-863
Summary:This paper presents a technical assessment of nature-related risks within the Hungarian economy and financial system. The study draws upon the OECD Supervisory Framework to (i) prioritise various nature-related risks by conducting an impact and dependency assessment, identifying key economic sectors, and pinpointing the critical natural capital assets that are most crucial to the financial system; (ii) assess the direct and indirect economic impact of three exploratory scenarios on possible acute nature-related shocks using input-output analysis; (iii) explore the different financial risk channels through which economic risks stemming from nature-related losses may be transmitted within the Hungarian financial system; and (iv) provide supervisory recommendations based on the results.
Physical Description:1 Online-Ressource (94 Seiten) 21 x 28cm.

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