Climate Risk Stress Test: Impact of Climate Change on the Peruvian Financial System

We develop the first climate risk Stress Test for the Peruvian financial system following a topdown approach. Focusing on the microeconomic channel, we evaluate how heavy rainfall and droughts, under a scenario of pure physical risk, will marginally affect the probability of default (PD) of borrower...

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Detalles Bibliográficos
Autores principales: Romero, Daniel, Salinas, Juan Carlos, Talledo, Jacqueline
Formato: Artículo (Article)
Idioma:Inglés (English)
Publicado: Pontificia Universidad Católica del Perú 2024
Materias:
Climate risk
Stress testing
CMIP6
IPCC
Heavy rainfall
Floods
Droughts
Credit risk
Probability of default
NGFS
Acceso en línea:http://revistas.pucp.edu.pe/index.php/economia/article/view/28990

Internet

http://revistas.pucp.edu.pe/index.php/economia/article/view/28990

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