Cross-Border Risks of a Global Economy in Mid-Transition
IMF Working Papers, September 8, 2023
Source details
- Canonical URL
- Cross-Border Risks of a Global Economy in Mid-Transition
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Bibliographic details
- Authors: Etienne Espagne, William Oman, Jean-François Mercure, Romain Svartzman, Ulrich Volz, Hector Pollitt, Gregor Semieniuk, Emanuele Campiglio
- Published: September 8, 2023
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400254550.001
Authors and publication
- By Etienne Espagne, William Oman, Jean-François Mercure, Romain Svartzman, Ulrich Volz, Hector Pollitt, Gregor Semieniuk, Emanuele Campiglio
- September 8, 2023
- IMF Working Papers, Working Paper No. 2023/184
- Pages: 59
- Volume: 2023
- Issue: 184
- DOI: https://doi.org/10.5089/9798400254550.001
- ISBN: 9798400254550
- ISSN: 1018-5941
Core analysis
- The paper analyzes the cross-border risks that could result from a decarbonization of the world economy.
- It develops a typology of cross-border risks and their respective channels.
- Uses qualitative and quantitative scenario analysis to assess implications.
- Focuses on the "mid-transition" defined as a period during which fossil-fuel and low-carbon energy systems co-exist and transform at a rapid pace.
Key findings and implications
- The mid-transition could have profound stability and resilience implications for:
- global trade
- the international financial system
- The scenario analysis (qualitative and quantitative) supports the conclusion that cross-border risks during this period are significant and multifaceted.
Subjects and keywords
- Subject: Climate policy, Environment, Exports, International trade, Non-renewable resources, Technology
- Keywords: asset purchase, baseline export, baseline GDP, Climate change, Climate policy, cost of capital, cross-border risks, energy export, Exports, Global, international money and finance., Non-renewable resources, trade, transition risks
Access and formats
- Publication available via IMF eLibrary in multiple formats.
- Options listed: Download PDF; More Formats on IMF eLibrary; Order a Print Copy; Create Citation; Share
- Citation example provided (Chicago): Etienne Espagne, William Oman, Jean-François Mercure, Romain Svartzman, Ulrich Volz, Hector Pollitt, Gregor Semieniuk, and Emanuele Campiglio. "Cross-Border Risks of a Global Economy in Mid-Transition", IMF Working Papers 2023, 184 (2023), accessed 9/16/2026, https://doi.org/10.5089/9798400254550.001
IMF Working Paper No. 2023/184 (September 8, 2023).
Content in this bundle
- Working Paper