Green Swans 101: Extreme Weather Impact on Financial Stability

About this course:

Inspired by the “black swan,” a concept referring to rare, unpredictable events with an extreme impact, the “green swan” refers to events due to climate change, which will occur more and more often in the future. In this course, Ismael Arciniegas Ruedas, senior economist at RAND, introduces the concept of green swans and discusses their specific threats to the economy’s financial stability. He also explains some of the new methodological risk management tools that risk professionals and policy makers are using to mitigate them. This course will be recorded. Students will have access to the video for 30 days.