Figure 1:
A line graph shows an impulse-response function over 20 steps. The response peaks around 0.00018 at step 2 and decays to zero by step 15, within a 95 percentage confidence interval.

Effect of climate change on bank fragility.

Note: This figure depicts impulse response functions (IRF) quantifying the effect of climate change on the aggregate level of systemic risk. The IRF is obtained by estimating vector auto-regressions (VAR).

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