This paper examines current and suggested iterations of the climate finance architecture and potential risks in capital generation and delivery. Which is achieved via the construction of a literature review which aims to capture the main actors involved in the climate finance architecture. This is then contrasted to a post-keynesian and development economics synthesized framework focusing on liquidity preference, asymmetrical relationships and Minskyan financial instability. Utilizing data on current accounts, private capital flow instability and reserve asset accumulation we are able to show the explanatory power of our synthesized framework in explaining global capital imbalances and its impact on global financial flows and the impact on middle and low income countries. Using the insights gathered from our synthesized framework we then contrast it to the literature review, examining it for observable limitations in capital generation and delivery. In doing so a couple of things are noted, there are significant points of contention relating to capital generation and delivery in the climate finance architecture, potentially resulting in volatile asset prices and a negative impact on effective climate finance. Simultaneously it’s observed that climate finance is not catalytical for financial instability but a growing dependency and intertwining with conventional private financial flows may result in bouts of greater financial instability of climate finance assets. Lastly the paper affirms that there is a need to further examine the role and function of blended finance mechanisms.

This thesis aims to investigate to what extent the quantitative easing monetary policy tool, applied by the Riksbank, contributed to abnormal returns at the Swedish stock market during Covid-19. The chosen time period is 2007-2022, including the period before and after the implementation of quantitative easing in Sweden in 2015. Furthermore, the chosen time period includes two crises, the global financial crisis (GFC) and the Covid-19 crisis. Two artificial portfolios are created, one representing a high-risk portfolio and the other representing a low-risk portfolio. The thesis applies the ADL error correction model to estimate a potential relationship amongst QE and the returns for each of the computed portfolios. Results show a short-run relationship for both the high-risk and the low-risk portfolio. From the long-run perspective, there is only a relationship found concerning the high-risk portfolio. A modified CAPM-model is used as an interpretation when calculating abnormal returns, where the growth rate of industrial production reflects the expected return. Results show the presence of QE and abnormal returns for both portfolios during the time period of Covid-19, 2020-2022. / Denna uppsats syftar till att undersöka i vilken utsträckning Riksbankens kvantitativa lättnader bidrog till abnorm avkastning på den svenska aktiemarknaden under Covid-19. Den valdat idsperioden är 2007 – 2022, vilket inkluderar perioden före och efter genomförandet av kvantitativa lättnader i Sverige. Vidare inkluderar den valda tidsperioden två kriser, den globala finanskrisen samt Covid-19-krisen. Två artificiella portföljer konstrueras, där en representerar en högriskportfölj och den andra representerar en lågriskportfölj. Studien tillämpar en ADL error correction modell för att undersöka huruvida det existerar ett samband mellan kvantitativa lättnader och avkastningen för var och en av portföljerna. Resultaten visar ett kortsiktigt förhållande för både högrisk- och lågriskportföljen. Ur det långsiktiga perspektivet hittades endast ett samband för högriskportföljen. En modifierad CAPM-modell används vid beräkning av abnorm avkastning, där variabeln för den industriella produktionstillväxten reflekterar den förväntade avkastningen. Resultaten visar förekomsten av abnorm avkastning i samband de kvantitativa lättnader som genomfördes under Covid-19 för båda portföljerna under tidsperioden 2020–2022.

The main aim of this presented diploma thesis is to help build a systematic understanding of the political and social foundations of global financial markets, their operations and impacts on the global power affairs. The thesis highlights the dynamic complexity of the post financial crisis state of the World with its itra- and inter-social features. It instrumentaly uses critique of a free market agenda and neo-classical economy which contrasts the Efficient Markets Hypothesis with Hyman Minsky's Financial Instability Hypothesis (FIH), taking into account the dynamic complexity of financial markets. This approach offers analytical tools that can account for crisis through processes endogenous to contemporary financial capitalism. I shall argue that a financially complex system is, according to the FIH, inherently flawed and unstable. After a theoretical and historical review, the thesis discusses various aspects of the process of austerity regime and its social consequences. This provides an opportunity for analyses of the ongoing existence of interstate competition, of militarised foreign policy, and of other international, at times violent conflicts. In an effort to make sense of some of these phenomena, I instrumentaly use the study of geoeconomics that builds on some fundamental assumptions...