{
  "title": "Cross-Border Risks of a Global Economy in Mid-Transition",
  "publication": "IMF Working Papers, September 8, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2023/09/08/cross-border-risks-of-a-global-economy-in-mid-transition-538950",
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  "summary": "This paper analyzes the cross-border risks that could result from a decarbonization of the world economy. We develop a typology of cross-border risks and their respective channels.",
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    {
      "heading": "Authors and publication",
      "content": "- By Etienne Espagne, William Oman, Jean-François Mercure, Romain Svartzman, Ulrich Volz, Hector Pollitt, Gregor Semieniuk, Emanuele Campiglio\n- September 8, 2023\n- IMF Working Papers, Working Paper No. 2023/184\n- Pages: 59\n- Volume: 2023\n- Issue: 184\n- DOI: https://doi.org/10.5089/9798400254550.001\n- ISBN: 9798400254550\n- ISSN: 1018-5941"
    },
    {
      "heading": "Core analysis",
      "content": "- The paper analyzes the cross-border risks that could result from a decarbonization of the world economy.\n- It develops a typology of cross-border risks and their respective channels.\n- Uses qualitative and quantitative scenario analysis to assess implications.\n- 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."
    },
    {
      "heading": "Key findings and implications",
      "content": "- The mid-transition could have profound stability and resilience implications for:\n  - global trade\n  - the international financial system\n- The scenario analysis (qualitative and quantitative) supports the conclusion that cross-border risks during this period are significant and multifaceted."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Climate policy, Environment, Exports, International trade, Non-renewable resources, Technology\n- 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"
    },
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      "heading": "Access and formats",
      "content": "- Publication available via IMF eLibrary in multiple formats.\n- Options listed: Download PDF; More Formats on IMF eLibrary; Order a Print Copy; Create Citation; Share\n- 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\n\nIMF Working Paper No. 2023/184 (September 8, 2023).\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2023/09/08/cross-border-risks-of-a-global-economy-in-mid-transition-538950"
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    "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",
    "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",
    "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.",
    "The mid-transition could have profound stability and resilience implications for:",
    "The scenario analysis (qualitative and quantitative) supports the conclusion that cross-border risks during this period are significant and multifaceted.",
    "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",
    "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",
    "**Working Paper**"
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