Research Seminar of International Laboratory for Macroeconomic Analysis: Henry Penikas «How climate risks are related to credit risks?»

Dear Colleagues,

International Laboratory for Macroeconomic Analysis invites everyone to join our research seminar on the 27th of  January 2022 (Thursday) at 04:00 PM (Moscow). 

Speaker: Henry Penikas (Bank of Russia)

Theme: «How climate risks are related to credit risks?»

Abstract:

We have collected a unique data on ESG publicly available ratings for a thousand of world largest companies. We focus on climate risks, the E component. We measure the codependence of E-risk and default probabilities of companies. We obtain the latter one from the credit ratings of the world largest credit rating agencies. We control for the specifics of regions and industries. We demonstrate when it is appropriate to consider positive relationship of climate and credit risks and when it is negative.

Working language: English

Link: 

https://us02web.zoom.us/j/82687459338?pwd=ejZNbWtObWNrSTFxS0tyZmtPNHRsUT09

 ID: 826 8745 9338

Passport: 553013