Guglielmo M. Caporale – författare

This comprehensive Handbook analyses the effects of climate change on financial markets, examining the policy measures required to mitigate its negative impact on market efficiency and various asset classes such as stocks, bonds, currencies and other financial hedges.The chapters review the existing literature in the field, carrying out advanced econometric investigations to shed light on the implications of physical climate change and provide relevant policy advice. The contributors focus on the reduction of greenhouse gas emissions, providing detailed insight into green finance, sustainable investment and increasingly necessary ESG (environmental, social and governance) measures. They explore a range of key topics including the role of monetary and macroprudential policies, carbon taxes and allowances and improvements in national governance systems. They also compare strategies across global, local, public and corporate levels, identifying the most efficient methods of financing a sustainable green transition.The Handbook of Climate Change and Financial Markets is a valuable resource for scholars and students of financial, macro, monetary, environmental and energy economics. It is also beneficial for investors requiring appropriate portfolio and risk management strategies, as well as authorities tasked with climate change policies.

This comprehensive Handbook deftly examines key aspects of financial integration, providing an overview of contemporary research and new perspectives. Employing state-of-the-art econometric methods to obtain new empirical evidence, it will be critical for designing optimal policies, and appropriate investment and risk management strategies.Guglielmo Maria Caporale brings together a wide range of contributors with different approaches to measuring and dissecting financial integration to form an extensive analysis on the topic. Organised into six thematic sections, the Handbook first details new measures of financial integration, linkages across markets, and the role of the foreign exchange market and institutions. It goes on to address financial integration in the banking sector, European financial integration, and diverse policy issues that arise in this context, giving a comprehensive insight into an ever-expanding sector.With new perspectives and evidence on various dimensions of financial integration, this Handbook will be an indispensable resource for academics working in the field of international finance. Its investigation of policy and investment implications of the findings will also provide valuable insights for policy-makers and market participants.