PlumX Metrics
SSRN
Embed PlumX Metrics

Greening (Runnable) Brown Assets with a Liquidity Backstop

SSRN, ISSN: 1556-5068
2021
  • 8
    Citations
  • 1,221
    Usage
  • 16
    Captures
  • 0
    Mentions
  • 0
    Social Media
Metric Options:   Counts1 Year3 Year

Metrics Details

  • Citations
    8
    • Citation Indexes
      8
  • Usage
    1,221
    • Abstract Views
      1,004
    • Downloads
      217
  • Captures
    16
  • Ratings
    • Download Rank
      281,469

Article Description

The momentum toward greening the economy implies transition risks that are new threats to financial stability. In particular, the expectation that other investors may exclude high carbon corporate emitters from their portfolio creates a risk of runs on brown assets. We show that runs can be contained by a liquidity backstop with an access fee that depends on the firm’s carbon intensity, while the interest rate on the liquidity lent through this facility is independent from its carbon intensity.

Bibliographic Details

Provide Feedback

Have ideas for a new metric? Would you like to see something else here?Let us know