Financial Economics
Opinion Piece (15%)
Background
The statutory mandate of most central banks around the world is to maintain price stability. However, a growing number of central banks have become active is the greening of financial systems. Should Bank Negara Malaysia help to combat climate change? Instructions Given that this is a hotly debated issues among governments and central bankers, you are required to write an opinion piece of about 900 words on this issue of whether Bank Negara Malaysia should help to combat climate change.
Useful Resources: (1) “Climate Change and Central Banking”, keynote speech by Ms Christine Lagarde, President of the European Central Bank, at the ILF conference on Green Banking and Green Central Banking, Frankfurt am Main, 25 January 2021. (2) 3 rd Signature Webinar Series, Tun Ismail Ali Chair (TIAC) at Faculty of Economics and Administration, University of Malaya, 24 February 2021.