Irene Monasterolo

EDHEC Business School

58 rue du Port

Lille, 59046

France

SCHOLARLY PAPERS

23

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9,456

SSRN CITATIONS
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Top 12,945

in Total Papers Citations

73

CROSSREF CITATIONS

18

Scholarly Papers (23)

1.

The Climate Spread of Corporate and Sovereign Bonds

Number of pages: 33 Posted: 07 May 2019 Last Revised: 17 Sep 2020
Stefano Battiston and Irene Monasterolo
University of Zurich - Department of Banking and Finance and EDHEC Business School
Downloads 1,609 (15,749)
Citation 6

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Climate transition risk, financial pricing models, deep uncertainty, sovereign bonds, climate spread, prudential regulation

2.

CLIMAFIN Handbook: Pricing Forward-Looking Climate Risks Under Uncertainty

Number of pages: 31 Posted: 08 Nov 2019
University of Zurich - Department of Banking and Finance, Université Paris I Panthéon-SorbonneClimate Finance Alpha and EDHEC Business School
Downloads 1,354 (20,411)
Citation 8

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CLIMAFIN, forward-looking climate transition risk, climate deep uncertainty, financial contracts, financial pricing models, Climate Spread, Climate Value at Risk, Climate Stress-test

3.

Asset-Level Climate Physical Risk Assessment and Cascading Financial Losses

Number of pages: 38 Posted: 14 Apr 2022
WU Vienna University of Economics and Business, WU Vienna University of Economics and Business, EDHEC Business School and University of Zurich - Department of Banking and Finance
Downloads 937 (34,772)

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Geolocalized physical assets, climate physical risk, cascading losses, equity holdings, Climate Discount Dividend Model, Expected Shortfall.

4.
Downloads 850 ( 39,966)
Citation 7

Climate Change and the Financial System

Number of pages: 24 Posted: 12 Nov 2019 Last Revised: 13 Jan 2020
Irene Monasterolo
EDHEC Business School
Downloads 850 (39,421)
Citation 7

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Climate risks, financial risk, carbon stranded assets, financial stability, climate policies, Climate Value at Risk, Climate Spread, Climate Stress-test

Climate Change and the Financial System

Annual Review of Resource Economics, Vol. 12, Issue 1, pp. 299-320, 2020
Posted: 26 Oct 2020
Irene Monasterolo
EDHEC Business School

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The double materiality of climate physical and transition risks in the euro area

Number of pages: 62 Posted: 11 Oct 2021 Last Revised: 14 Apr 2022
WU Vienna University of Economics and Business, EDHEC Business School, WU Vienna, Ca' Foscari University of Venice and European Central Bank (ECB)
Downloads 534 (72,200)

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climate physical risk; climate transition risk; Network for Greening the Financial System scenarios; double materiality; Stock-Flow Consistent model.

The Double Materiality of Climate Physical and Transition Risks in the Euro Area

ECB Working Paper No. 2022/2665
Number of pages: 64 Posted: 21 May 2022
WU Vienna University of Economics and Business, EDHEC Business School, WU Vienna, Ca' Foscari University of Venice and European Central Bank (ECB)
Downloads 79 (418,020)

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climate physical risk, climate transition risk, double materiality, Network for Greening the Financial System scenarios, Stock-Flow Consistent model

6.

On the Dependence of Investor’s Probability of Default on Climate Transition Scenarios

Number of pages: 25 Posted: 09 Mar 2021
Stefano Battiston and Irene Monasterolo
University of Zurich - Department of Banking and Finance and EDHEC Business School
Downloads 536 (72,646)
Citation 2

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Climate transition risk, climate policy scenarios, probability of default, corporate bonds, Expected Shortfall, climate financial risk assessment, risk management

7.

Blind to Carbon Risk? An Analysis of Stock Market’s Reaction to the Paris Agreement

Number of pages: 19 Posted: 27 Dec 2018 Last Revised: 29 Oct 2019
Irene Monasterolo and Luca De Angelis
EDHEC Business School and University of Bologna - Department of Economics
Downloads 497 (79,685)
Citation 15

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asset pricing, Paris Agreement announcement, low-carbon indices, carbon-intensive indices, systematic risk, Markowitz’s portfolio optimization, market model, Fama-French five-factor model, risk-adjusted return, stranded assets

8.

Climate Transition Risk, Climate Sentiments, and Financial Stability in a Stock-Flow Consistent Approach

Number of pages: 65 Posted: 06 Apr 2020
Nepomuk Dunz, Asjad Naqvi and Irene Monasterolo
WU Vienna, Vienna University of Economics and Business and EDHEC Business School
Downloads 426 (95,621)
Citation 16

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Climate sentiments, climate transition risk, credit market, green supporting factor, carbon tax, financial stability, Stock-Flow Consistent modelling

9.

Climate Risks and Financial Stability

Number of pages: 13 Posted: 08 Feb 2021
Stefano Battiston, Yannis Dafermos and Irene Monasterolo
University of Zurich - Department of Banking and Finance, SOAS University of London and EDHEC Business School
Downloads 415 (99,124)
Citation 2

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climate change, financial stability, climate policies, financial instruments, network models, stock-flow consistent models, agent based models, empirical finance.

10.

Macroeconomic and Financial Impacts of Compounding Pandemics and Climate Risks

Number of pages: 48 Posted: 19 Apr 2021 Last Revised: 07 Jun 2021
WU Vienna, Ca' Foscari University of Venice, EDHEC Business School, Ca Foscari University of Venice and Università degli Studi di Genova - DIME - Department of Mechanics, Energetics, Management and Transportation
Downloads 297 (142,783)

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Climate physical risk, COVID-19, compound risk, credit market constraints, public spending effectiveness, debt sustainability

11.

Is There a Role for Central Banks in the Low-Carbon Transition? A Stock-Flow Consistent Modelling Approach

Number of pages: 32 Posted: 27 Nov 2017
Irene Monasterolo and Marco Raberto
EDHEC Business School and Università degli Studi di Genova - DIME - Department of Mechanics, Energetics, Management and Transportation
Downloads 294 (143,834)
Citation 6

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central banks, green Quantitative Easing, green sovereign bonds, Stock-Flows Consistency, financial stability, inequality

12.

A Financial Macro-Network Approach to Climate Policy Evaluation

Number of pages: 57 Posted: 21 Nov 2017 Last Revised: 18 Apr 2018
Veronika Stolbova, Irene Monasterolo and Stefano Battiston
University of Zurich, Department of Banking and Finance, EDHEC Business School and University of Zurich - Department of Banking and Finance
Downloads 267 (158,627)
Citation 9

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financial networks, feedback loops, climate policies, shock transmission channels, indirect effects, low-carbon transition

13.

Accounting for finance is key for climate mitigation pathways

Science, 28 May 2021.DOI: 10.1126/science.abf3877
Number of pages: 8 Posted: 08 Feb 2021 Last Revised: 25 May 2021
University of Zurich - Department of Banking and Finance, EDHEC Business School, International Institute for Applied Systems Analysis (IIASA) and International Institute for Applied Systems Analysis (IIASA)
Downloads 232 (181,921)
Citation 3

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climate finance, financial risk, mitigation scenarios, energy technology, systemic risk, integrated climate financial risk assessment

14.

Climate-Finance and Climate Transition Risk: An Assessment of China's Overseas Energy Investments Portfolio

Number of pages: 27 Posted: 18 Apr 2018
Irene Monasterolo, Jiani I. Zheng and Stefano Battiston
EDHEC Business School, University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance
Downloads 230 (183,413)
Citation 1

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Overseas Energy Fi nance, Climate Transition Risk, Climate Policy Scenarios, Climate Stress-Test, Climate VaR, Climate- Finance

15.

Reducing Climate Transition Risk in Central Banks’ Asset Purchasing Programs

Number of pages: 18 Posted: 12 Mar 2021
Giacomo Bressan, Irene Monasterolo and Stefano Battiston
WU Vienna University of Economics and Business, EDHEC Business School and University of Zurich - Department of Banking and Finance
Downloads 211 (198,974)

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central banks, market neutrality, asset purchase, climate transition risk, corporate bonds, portfolio's climate exposure

16.

The Climate Target Gap Is Widening. Can We Close It by Including Climate Finance in SSPs?

Number of pages: 5 Posted: 05 Nov 2018 Last Revised: 06 Jun 2019
Stefano Battiston and Irene Monasterolo
University of Zurich - Department of Banking and Finance and EDHEC Business School
Downloads 189 (219,732)
Citation 3

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Climate Finance, Climate Change, Socio-Economic Shared Pathways, Integrated Assessment Model, Climate Finance Risk Metrics

17.

Vulnerable Yet Relevant: The Two Dimensions of Climate-Related Financial Disclosure

Number of pages: 10 Posted: 23 May 2017
Irene Monasterolo, Stefano Battiston, Anthony Janetos and Zoey Zheng
EDHEC Business School, University of Zurich - Department of Banking and Finance, Boston University and Boston University
Downloads 142 (278,816)
Citation 12

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GHG exposure index, GHG holding index, market-based solutions, climate change, climate-risk disclosure

18.

Climate Sentiments in the Financial Sector: How Financial Markets, Policies and Regulations Generate Barriers and Opportunities to Align Portfolios to Sustainability

Number of pages: 20 Posted: 03 Aug 2020
Irene Monasterolo, Natalie Glas and Sabine Kunesch
EDHEC Business School, Environment Agency Austria and Environment Agency Austria
Downloads 123 (310,778)
Citation 1

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climate-related financial risks, carbon risks, transition risks, climate sentiments, sustainable finance, knowledge co-production, barriers, engagement, divestment, EU Green Deal, EU Action Plan on Sustainable Finance

19.

Enabling or Hampering? Climate Risk and the Role of Finance in the Low-Carbon Transition

Number of pages: 6 Posted: 22 Feb 2021
University of Zurich - Department of Banking and Finance, EDHEC Business School, International Institute for Applied Systems Analysis (IIASA), International Institute for Applied Systems Analysis (IIASA) and International Institute for Applied Systems Analysis (IIASA)
Downloads 116 (323,996)
Citation 1

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climate transition risk, carbon price, climate finance, climate economic models, disorderly transition scenarios.

The Importance of Compound Risk in the Nexus of Covid-19, Climate Change and Finance

Number of pages: 8 Posted: 07 Jan 2021
EDHEC Business School, University of Venice - Department of EconomicsCa Foscari University of Venice - Dipartimento di Economia and University of Zurich - Department of Banking and Finance
Downloads 113 (331,896)
Citation 3

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COVID-19, climate change, financial interconnectedness, compound risk, loss amplification, resilience policies

The Importance of Compound Risk in the Nexus of COVID-19, Climate Change and Finance

Posted: 08 Jun 2020 Last Revised: 25 Jun 2020
EDHEC Business School, University of Venice - Department of EconomicsCa Foscari University of Venice - Dipartimento di Economia and University of Zurich - Department of Banking and Finance

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pandemic, climate change, climate finance, financial risk, compound risk

21.

Climate Transition Risk and Development Finance: A Carbon Risk Assessment of China's Overseas Energy Portfolios

China & World Economy, Vol. 26, Issue 6, pp. 116-142, 2018
Number of pages: 27 Posted: 15 Nov 2018
Irene Monasterolo, Jiani I. Zheng and Stefano Battiston
EDHEC Business School, University of Zurich - Department of Banking and Finance and University of Zurich - Department of Banking and Finance
Downloads 5 (825,503)
Citation 4

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climate‐finance, climate policy scenarios, climate stress‐test, climate transition risk, climate VaR, energy infrastructure loans

22.

Fossil Fuels versus Green Subsidies: A Stock-Flows Consistent Model of Public Policies for the Low-Carbon Transition

Posted: 08 Jun 2017
Irene Monasterolo and Marco Raberto
EDHEC Business School and Università degli Studi di Genova - DIME - Department of Mechanics, Energetics, Management and Transportation

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Flow-fund behavioural model, Stock-Flow Consistency, fossil fuels subsidies, green fiscal measures, green sovereign bonds, distributive effects

23.

A Climate Stress-Test of the Financial System

Battiston, S., Mandel, A., Monasterolo, I., Schütze, F., & Visentin, G. (2017). A Climate stress-test of the financial system. Nature Climate Change, 7(4), 283–288. https://doi.org/doi:10.1038/nclimate3255
Posted: 03 Feb 2016 Last Revised: 11 Sep 2020
University of Zurich - Department of Banking and Finance, Université Paris I Panthéon-SorbonneClimate Finance Alpha, EDHEC Business School, DIW Berlin and University of Zurich - Institute of Mathematics

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climate stress-test, climate policy risk, decarbonization, stress-test, stranded assets, carbon risk, climate-sensitive sectors