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:where([role=\"tablist\"],[role=\"toolbar\"],[hidden],button,.nx-theme-toggle,.nx-live-slot){display:none}#nxe-n1s9sa2p.nxe img{max-width:100%;height:auto}<\/style><svg class=\"nx-defs\" aria-hidden=\"true\" focusable=\"false\" width=\"0\" height=\"0\"><defs><linearGradient id=\"nx-gi\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-giu\" gradientUnits=\"userSpaceOnUse\" x1=\"0\" y1=\"0\" x2=\"800\" y2=\"0\"><stop offset=\"0\" class=\"nx-gi-a\"\/><stop offset=\"0.55\" class=\"nx-gi-b\"\/><stop offset=\"1\" class=\"nx-gi-c\"\/><\/linearGradient><linearGradient id=\"nx-gp\" x1=\"0\" y1=\"0\" x2=\"1\" y2=\"1\"><stop offset=\"0\" class=\"nx-gp-a\"\/><stop offset=\"1\" class=\"nx-gp-b\"\/><\/linearGradient><\/defs><\/svg><section class=\"nx-scene nx-es-scene\" data-scene=\"text\" data-ground=\"none\" data-es-org=\"gra\" aria-labelledby=\"nx-scene-title\"><div class=\"nx-scene-intro nx-es-intro\"><p class=\"nx-eyebrow\"><abbr title=\"The Global Risks Alliance\">GRA<\/abbr> \u00b7 Asset Management Nexus<\/p><span class=\"nx-scene-rule\" aria-hidden=\"true\"><\/span><p class=\"nx-scene-accent nx-es-sig\"><strong>Spatial finance<\/strong><span>Where capital meets hazard, exposure and transition<\/span><\/p><h1 id=\"nx-scene-title\" class=\"nx-scene-title\">Financial economics for asset management<\/h1><p class=\"nx-scene-lede\">Financial economics and macro-finance explain how asset prices, fund flows and institutions transmit shocks between portfolios and the real economy. In asset management they frame why common exposures matter, how risk premia respond to climate and policy, and how fund behaviour feeds back into the prices of what funds hold.<\/p><div class=\"nx-actions\"><a class=\"nx-btn\" data-variant=\"primary\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/write-to-us\/contact\/\">Make an enquiry <svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><a class=\"nx-btn\" data-variant=\"secondary\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/stem\/\">Back to STEM foundation of Asset Management Nexus<\/a><\/div><\/div><\/section><section id=\"nx-s-1-sec\" class=\"nx-section\" data-hue=\"finance\" data-tone=\"alt\" aria-labelledby=\"nx-s-1\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">01<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Contents<\/span><\/div><h2 id=\"nx-s-1\" class=\"nx-section-title\">Financial economics for asset management in five parts.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-es-fig\" data-es-layout=\"protocol\"><div class=\"nx-hero-panel\"><div class=\"nx-lv-steps\"><div class=\"nx-register-head\"><span class=\"nx-eyebrow\"><strong>Protocol<\/strong><\/span><span class=\"nx-eyebrow\">5 steps<\/span><\/div><ol><li><a href=\"#nx-sec-application\"><span class=\"nx-lv-steps-n\">01<\/span><span class=\"nx-lv-steps-t\">Application<\/span><span class=\"nx-lv-steps-d\">What financial economics and macro-finance does here<\/span><\/a><\/li><li><a href=\"#nx-sec-data\"><span class=\"nx-lv-steps-n\">02<\/span><span class=\"nx-lv-steps-t\">Data<\/span><span class=\"nx-lv-steps-d\">What the method consumes<\/span><\/a><\/li><li><a href=\"#nx-sec-checks\"><span class=\"nx-lv-steps-n\">03<\/span><span class=\"nx-lv-steps-t\">Validation<\/span><span class=\"nx-lv-steps-d\">How results are checked<\/span><\/a><\/li><li><a href=\"#nx-sec-connections\"><span class=\"nx-lv-steps-n\">04<\/span><span class=\"nx-lv-steps-t\">Connections<\/span><span class=\"nx-lv-steps-d\">Topics that rely on this method<\/span><\/a><\/li><li><a href=\"#nx-sec-stewardship\"><span class=\"nx-lv-steps-n\">05<\/span><span class=\"nx-lv-steps-t\">Stewardship<\/span><span class=\"nx-lv-steps-d\">Who maintains the method<\/span><\/a><\/li><\/ol><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"nx-section\" data-band=\"auto\" data-band-id=\"nx-band-1\" data-hue=\"climate\" aria-label=\"Application, Monitor, Data\"><div class=\"nx-container\"><div class=\"nx-hm-band nx-band\" data-nx-tabs=\"true\" data-active=\"p1\"><div class=\"nx-tablist nx-hm-tabs\" role=\"tablist\" aria-label=\"Application, Monitor, Data\"><button class=\"nx-tab\" type=\"button\" role=\"tab\" id=\"nx-band-1-tab-1\" aria-controls=\"nx-sec-application\" aria-selected=\"true\" data-key=\"p1\">Application<\/button><button class=\"nx-tab\" type=\"button\" role=\"tab\" id=\"nx-band-1-tab-2\" aria-controls=\"nx-s-3-sec\" aria-selected=\"false\" data-key=\"p2\">Monitor<\/button><button class=\"nx-tab\" type=\"button\" role=\"tab\" id=\"nx-band-1-tab-3\" aria-controls=\"nx-sec-data\" aria-selected=\"false\" data-key=\"p3\">Data<\/button><\/div><section id=\"nx-sec-application\" class=\"nx-section nx-band-panel\" data-hue=\"climate\" aria-labelledby=\"nx-s-2\" role=\"tabpanel\" data-band-tab=\"nx-band-1-tab-1\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">02<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Application<\/span><\/div><h2 id=\"nx-s-2\" class=\"nx-section-title\">What financial economics and macro-finance does here.<\/h2><p class=\"nx-lede\">Financial economics and macro-finance study how asset prices, credit and financial institutions interact with the real economy. They explain how shocks are amplified or absorbed through balance sheets and markets. In capital markets and investment, climate and hazards and biodiversity and nature, financial economics traces how physical, health or cyber shocks transmit to credit, sovereign debt and markets. It informs <a class=\"nx-link nx-term\" href=\"https:\/\/nexustandards.com\/standards\/nrs\/#nrs-c1\" data-tc=\"NRS-C1 macroprudential\" data-tk=\"Nexus risk vocabulary\" data-td=\"Policy aimed at the stability of the financial system as a whole, by limiting the build-up of systemic risk.\" data-ts=\"NRS-C1\" data-tr=\"draft\">macroprudential policy<\/a> and the pricing of risk. The canonical description is on <a class=\"nx-link\" href=\"https:\/\/therisk.global\/stem\/science\/financial-economics\/\">the STEM Commons<\/a>.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-cols\"><article><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\" data-size=\"lg\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><rect x=\"16\" y=\"16\" width=\"6\" height=\"6\" rx=\"1\"\/><rect x=\"2\" y=\"16\" width=\"6\" height=\"6\" rx=\"1\"\/><rect x=\"9\" y=\"2\" width=\"6\" height=\"6\" rx=\"1\"\/><path d=\"M5 16v-3a1 1 0 0 1 1-1h12a1 1 0 0 1 1 1v3\"\/><path d=\"M12 12V8\"\/><\/svg><\/span><\/div><h3 class=\"nx-h3 nx-mt-2\">Common ownership and fire-sale channels<\/h3><p class=\"nx-p nx-mt-1\">Holdings overlap between funds is combined with the relationship between flows and performance to trace how redemptions in one group of funds lower prices for every holder of the same assets.<\/p><\/article><article><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\" data-size=\"lg\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><path d=\"M12 2v2\"\/><path d=\"m4.93 4.93 1.41 1.41\"\/><path d=\"M20 12h2\"\/><path d=\"m19.07 4.93-1.41 1.41\"\/><path d=\"M15.947 12.65a4 4 0 0 0-5.925-4.128\"\/><path d=\"M3 20a5 5 0 1 1 8.9-4H13a3 3 0 0 1 2 5.24\"\/><path d=\"M11 20v2\"\/><path d=\"M7 19v2\"\/><\/svg><\/span><\/div><h3 class=\"nx-h3 nx-mt-2\">Pricing of transition risk<\/h3><p class=\"nx-p nx-mt-1\">Asset pricing models test whether returns compensate for carbon intensity or transition exposure, and whether repricing follows policy announcements, with the identifying assumptions stated beside each test.<\/p><\/article><article><div class=\"nx-glyph-row\"><span class=\"nx-glyph\" data-tone=\"accent\" data-size=\"lg\"><svg class=\"nx-i\" viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\" fill=\"none\" stroke=\"currentColor\" stroke-width=\"1.5\" stroke-linecap=\"round\" stroke-linejoin=\"round\"><line x1=\"3\" x2=\"21\" y1=\"22\" y2=\"22\"\/><line x1=\"6\" x2=\"6\" y1=\"18\" y2=\"11\"\/><line x1=\"10\" x2=\"10\" y1=\"18\" y2=\"11\"\/><line x1=\"14\" x2=\"14\" y1=\"18\" y2=\"11\"\/><line x1=\"18\" x2=\"18\" y1=\"18\" y2=\"11\"\/><polygon points=\"12 2 20 7 4 7\"\/><\/svg><\/span><\/div><h3 class=\"nx-h3 nx-mt-2\">Non-bank intermediation and stability<\/h3><p class=\"nx-p nx-mt-1\">Balance sheets of funds, insurers and pension schemes are linked to bank and dealer balance sheets to show where leverage and liquidity demands concentrate in a market-wide stress.<\/p><\/article><\/div><\/div><\/div><\/section><section id=\"nx-s-3-sec\" class=\"nx-section nx-band-panel\" data-hue=\"biodiversity\" aria-labelledby=\"nx-s-3\" role=\"tabpanel\" data-band-tab=\"nx-band-1-tab-2\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">03<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Monitor<\/span><\/div><h2 id=\"nx-s-3\" class=\"nx-section-title\">Econometric model.<\/h2><p class=\"nx-lede\">The screen a team would use to follow this method: its measures, states and decisions. Names are examples and values are illustrative.<\/p><\/div><div class=\"nx-section-body\"><figure class=\"nx-fk nx-cx\" data-fk=\"cx-asset-method-regress\" data-cx=\"asset.method-regress\" data-variant=\"section\" aria-label=\"Econometric model: illustrative console with example names and values\"><div class=\"nx-fk-head\"><div class=\"nx-fk-heading\"><h3 class=\"nx-fk-title\">Econometric model<\/h3><p class=\"nx-fk-sub\">Asset management \u00b7 Financial economics for asset \u00b7 Run R-8979<\/p><\/div><div class=\"nx-fk-actions\"><button type=\"button\" class=\"nx-fk-btn\" data-fk-act=\"menu\" aria-haspopup=\"true\" aria-expanded=\"false\" hidden><svg viewBox=\"0 0 24 24\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M12 4v11\"\/><path d=\"m7 10 5 5 5-5\"\/><path d=\"M5 20h14\"\/><\/svg>Export<\/button><ul class=\"nx-fk-menu\" data-fk-menu=\"true\" hidden><li><button type=\"button\" data-fk-act=\"export-png\">Image<small>PNG of the map or chart<\/small><\/button><\/li><li><button type=\"button\" data-fk-act=\"export-csv\">Data<small>CSV of the figure&#8217;s values<\/small><\/button><\/li><\/ul><\/div><\/div><div class=\"nx-cx-status\"><span class=\"nx-fk-pill\" data-state=\"info\"><i aria-hidden=\"true\"><\/i>Estimates stable<\/span><span class=\"nx-cx-prod\">GRA \u00b7 Asset Management Nexus<\/span><\/div><div class=\"nx-cx-grid\"><div class=\"nx-fk-panel nx-cx-p\" data-w=\"4\" data-t=\"table\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Estimates<\/h4><p class=\"nx-fk-panel-sub\">robust standard errors<\/p><\/div><\/div><div class=\"nx-fk-tablewrap\" data-fk-view=\"table:cx-asset-method-regress-t0\"><table class=\"nx-fk-table\" data-fk-table=\"cx-asset-method-regress-t0\" aria-label=\"Estimates\"><thead><tr><th scope=\"col\" data-col=\"c0\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c0\">Term<\/button><\/th><th scope=\"col\" data-col=\"c1\" data-num=\"true\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c1\">Estimate<\/button><\/th><th scope=\"col\" data-col=\"c2\" data-num=\"true\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c2\">Std error<\/button><\/th><th scope=\"col\" data-col=\"c3\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c3\">95 pct interval<\/button><\/th><th scope=\"col\" data-col=\"c4\" aria-sort=\"none\"><button type=\"button\" data-fk-sort=\"c4\">Sig.<\/button><\/th><\/tr><\/thead><tbody><tr data-fk-key=\"cx-asset-method-regress:r0-0\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Active risk<\/td><td data-num=\"true\" data-sv=\"0.38\">0.38<\/td><td data-num=\"true\" data-sv=\"0.16\">0.16<\/td><td>[\u22120.2, 0.9]<\/td><td><span class=\"nx-fk-pill\" data-state=\"off\"><i aria-hidden=\"true\"><\/i>No<\/span><\/td><\/tr><tr data-fk-key=\"cx-asset-method-regress:r0-1\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Top 10 holdings weight<\/td><td data-num=\"true\" data-sv=\"0.46\">0.46<\/td><td data-num=\"true\" data-sv=\"0.13\">0.13<\/td><td>[0.0, 0.4]<\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Yes<\/span><\/td><\/tr><tr data-fk-key=\"cx-asset-method-regress:r0-2\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Days to liquidate 90 pct<\/td><td data-num=\"true\" data-sv=\"0.28\">0.28<\/td><td data-num=\"true\" data-sv=\"0.15\">0.15<\/td><td>[\u22120.2, 0.7]<\/td><td><span class=\"nx-fk-pill\" data-state=\"met\"><i aria-hidden=\"true\"><\/i>Yes<\/span><\/td><\/tr><tr data-fk-key=\"cx-asset-method-regress:r0-3\" tabindex=\"0\" role=\"row\" aria-selected=\"false\"><td>Portfolio temperature alignment<\/td><td data-num=\"true\" data-sv=\"0.39\">0.39<\/td><td data-num=\"true\" data-sv=\"0.17\">0.17<\/td><td>[\u22120.2, 0.8]<\/td><td><span class=\"nx-fk-pill\" data-state=\"off\"><i aria-hidden=\"true\"><\/i>No<\/span><\/td><\/tr><\/tbody><\/table><\/div><\/div><div class=\"nx-fk-panel nx-cx-p\" data-w=\"2\" data-t=\"kv\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Method card<\/h4><\/div><\/div><dl class=\"nx-fk-dl\"><div><dt>Method<\/dt><dd>Financial economics and macro-finance<\/dd><\/div><div><dt>Sample<\/dt><dd>7093 obs<\/dd><\/div><div><dt>Design<\/dt><dd>panel, fixed effects<\/dd><\/div><div><dt>Label<\/dt><dd><span class=\"nx-fk-pill\" data-state=\"info\"><i aria-hidden=\"true\"><\/i>MODELLED<\/span><\/dd><\/div><\/dl><\/div><div class=\"nx-fk-panel nx-cx-p\" data-w=\"6\" data-t=\"chart\"><div class=\"nx-fk-panel-head\"><div><h4 class=\"nx-fk-panel-title\">Residuals by group<\/h4><\/div><\/div><svg class=\"nx-fk-svg\" viewBox=\"0 0 520 210\" width=\"520\" height=\"210\" role=\"img\" focusable=\"false\" preserveAspectRatio=\"xMidYMid meet\" aria-label=\"Residuals by group\" data-fk-chart=\"cx-asset-method-regress-c2\" data-nx-z=\"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\"><\/svg><\/div><\/div><div class=\"nx-fk-tip\" aria-hidden=\"true\" hidden><\/div><figcaption class=\"nx-fk-cap\"><span>Econometric model: the screen&#8217;s structure, terms and states for Asset management.<\/span><span data-honesty=\"true\">Example names and illustrative values; a design, not a record or a live system.<\/span><\/figcaption><\/figure><\/div><\/div><\/section><section id=\"nx-sec-data\" class=\"nx-section nx-band-panel\" data-hue=\"finance\" data-variant=\"split\" aria-labelledby=\"nx-s-4\" role=\"tabpanel\" data-band-tab=\"nx-band-1-tab-3\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">04<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Data<\/span><\/div><h2 id=\"nx-s-4\" class=\"nx-section-title\">What the method consumes.<\/h2><p class=\"nx-lede\">Datasets and records used by financial economics and macro-finance on this platform, with the role each plays and the label its values carry. Sources are listed in <a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/research\/sources\/\">the source register<\/a>.<\/p><\/div><div class=\"nx-section-body\" data-lv=\"register\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Data<\/th><th scope=\"col\">Role<\/th><th scope=\"col\">Label<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Data\">Fund holdings and flow statistics<\/td><td data-label=\"Role\">Common exposures and investor behaviour<\/td><td data-label=\"Label\"><span class=\"nx-chip\">REPORTED<\/span><\/td><\/tr><tr><td data-label=\"Data\">Market prices, yields and spreads<\/td><td data-label=\"Role\">Asset pricing and repricing<\/td><td data-label=\"Label\"><span class=\"nx-chip\">OBSERVED<\/span><\/td><\/tr><tr><td data-label=\"Data\">Financial accounts and flow of funds<\/td><td data-label=\"Role\">Sector balance sheets<\/td><td data-label=\"Label\"><span class=\"nx-chip\">Published statistics<\/span><\/td><\/tr><tr><td data-label=\"Data\">Corporate emissions and disclosures<\/td><td data-label=\"Role\">Climate risk characteristics of issuers<\/td><td data-label=\"Label\"><span class=\"nx-chip\">ESTIMATED<\/span><\/td><\/tr><\/tbody><\/table><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"data\" data-nxf-kind=\"data\" data-nxf-resource=\"nexus:\/\/gra\/A03\/stem\/financial-economics\/#data\" data-nxf-title=\"Method record\" data-nxf-height=\"520\" hidden><\/div><div class=\"nx-live-slot\" data-nxf-slot=\"evidence\" data-nxf-kind=\"evidence\" data-nxf-resource=\"nexus:\/\/gra\/A03\/stem\/financial-economics\/#evidence\" data-nxf-title=\"Evidence\" data-nxf-height=\"520\" hidden><\/div><\/div><\/div><\/section><\/div><\/div><\/section><section class=\"nx-section\" data-band=\"auto\" data-band-id=\"nx-band-2\" data-tone=\"alt\" data-hue=\"climate\" aria-label=\"Exposure, loss and capital, Validation\"><div class=\"nx-container\"><div class=\"nx-hm-band nx-band\" data-nx-tabs=\"true\" data-active=\"p1\"><div class=\"nx-tablist nx-hm-tabs\" role=\"tablist\" aria-label=\"Exposure, loss and capital, Validation\"><button class=\"nx-tab\" type=\"button\" role=\"tab\" id=\"nx-band-2-tab-1\" aria-controls=\"nx-sec-audience\" aria-selected=\"true\" data-key=\"p1\">Exposure, loss and capital<\/button><button class=\"nx-tab\" type=\"button\" role=\"tab\" id=\"nx-band-2-tab-2\" aria-controls=\"nx-sec-checks\" aria-selected=\"false\" data-key=\"p2\">Validation<\/button><\/div><section id=\"nx-sec-audience\" class=\"nx-section nx-band-panel\" data-hue=\"climate\" aria-labelledby=\"nx-s-5\" role=\"tabpanel\" data-band-tab=\"nx-band-2-tab-1\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">05<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Exposure, loss and capital<\/span><\/div><h2 id=\"nx-s-5\" class=\"nx-section-title\">What financial economics for asset management means for exposure, loss and capital.<\/h2><p class=\"nx-lede\">The exposure, loss, scenario and capital views a risk officer, supervisor or ministry of finance would ask for, with the frameworks they report against. Structures follow supervisory and actuarial practice. Values are illustrative: never prices, ratings or advice.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-au\" data-au-voice=\"finance\" data-au-n=\"1\"><figure class=\"nx-au-c\" data-au-fig=\"scenario-pathways\"><h3 class=\"nx-h4\">Scenario pathways<\/h3><p class=\"nx-p nx-au-what\">How financial economics for asset management could be stressed under the scenario families central banks and supervisors use.<\/p><div class=\"nx-au-fig\"><svg class=\"nx-au-svg\" viewBox=\"0 0 560 214\" role=\"img\" aria-label=\"Combined transition and physical pressure under three scenario families\" focusable=\"false\"><line class=\"nx-au-ax\" x1=\"46\" y1=\"190\" x2=\"450\" y2=\"190\"\/><line class=\"nx-au-ax\" x1=\"46\" y1=\"16\" x2=\"46\" y2=\"190\"\/><path class=\"nx-au-ln\" d=\"M46 155.2l80.8-38.3 80.8-13.9 80.8 7 80.8 10.4 80.8 8.7\"\/><text class=\"nx-au-t\" x=\"458\" y=\"133.1\" text-anchor=\"start\">Orderly<\/text><path class=\"nx-au-ac\" d=\"M46 155.2l80.8-3.5 80.8-13.9 80.8-73.1 80.8 10.5 80.8 19.1\"\/><text class=\"nx-au-t\" x=\"458\" y=\"98.3\" text-anchor=\"start\">Disorderly<\/text><path class=\"nx-au-ln nx-au-dash\" d=\"M46 155.2l80.8-7 80.8-10.4 80.8-13.9 80.8-20.9 80.8-27.8\"\/><text class=\"nx-au-t\" x=\"458\" y=\"79.16\" text-anchor=\"start\">Hot house world<\/text><text class=\"nx-au-t\" x=\"46\" y=\"206\" text-anchor=\"middle\">2025<\/text><text class=\"nx-au-t\" x=\"126.8\" y=\"206\" text-anchor=\"middle\">2030<\/text><text class=\"nx-au-t\" x=\"207.6\" y=\"206\" text-anchor=\"middle\">2035<\/text><text class=\"nx-au-t\" x=\"288.4\" y=\"206\" text-anchor=\"middle\">2040<\/text><text class=\"nx-au-t\" x=\"369.2\" y=\"206\" text-anchor=\"middle\">2045<\/text><text class=\"nx-au-t\" x=\"450\" y=\"206\" text-anchor=\"middle\">2050<\/text><text class=\"nx-au-t\" x=\"40\" y=\"33.4\" text-anchor=\"end\">high<\/text><text class=\"nx-au-t\" x=\"40\" y=\"172.6\" text-anchor=\"end\">low<\/text><\/svg><\/div><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Scenario family<\/th><th scope=\"col\">Transition risk<\/th><th scope=\"col\">Physical risk<\/th><th scope=\"col\">What a stress test asks<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Scenario family\">Orderly<\/td><td data-label=\"Transition risk\">Early, gradual policy<\/td><td data-label=\"Physical risk\">Lower<\/td><td data-label=\"What a stress test asks\">Can the book absorb a steady repricing?<\/td><\/tr><tr><td data-label=\"Scenario family\">Disorderly<\/td><td data-label=\"Transition risk\">Late, abrupt policy<\/td><td data-label=\"Physical risk\">Lower to medium<\/td><td data-label=\"What a stress test asks\">What breaks under a sudden repricing and credit migration?<\/td><\/tr><tr><td data-label=\"Scenario family\">Hot house world<\/td><td data-label=\"Transition risk\">Limited policy<\/td><td data-label=\"Physical risk\">High and rising<\/td><td data-label=\"What a stress test asks\">Where do physical losses concentrate in collateral and insurance?<\/td><\/tr><\/tbody><\/table><\/div><figcaption class=\"nx-caption\"><span>Scenario families as defined by the NGFS; the curves are an illustrative combined pressure index, not NGFS variables or forecasts.<\/span><\/figcaption><\/figure><\/div><div class=\"nx-chips nx-au-fw\" aria-label=\"Frameworks cited\"><span class=\"nx-chip\">NGFS climate scenarios \u00b7 Network for Greening the Financial System<\/span><span class=\"nx-chip\">IFRS S2 Climate-related Disclosures \u00b7 ISSB<\/span><span class=\"nx-chip\">TCFD recommendations \u00b7 Financial Stability Board TCFD<\/span><span class=\"nx-chip\">Principles for the effective management of climate-related financial risks \u00b7 Basel Committee on Banking Supervision<\/span><\/div><\/div><\/div><\/section><section id=\"nx-sec-checks\" class=\"nx-section nx-band-panel\" data-hue=\"biodiversity\" data-variant=\"stack\" aria-labelledby=\"nx-s-6\" role=\"tabpanel\" data-band-tab=\"nx-band-2-tab-2\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">06<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Validation<\/span><\/div><h2 id=\"nx-s-6\" class=\"nx-section-title\">How results are checked.<\/h2><p class=\"nx-lede\">Models are back-tested against historical market episodes and crises. Results are compared with supervisory data and alternative specifications.<\/p><\/div><div class=\"nx-section-body\"><div class=\"nx-table-wrap\"><table class=\"nx-table\" data-stack=\"true\"><thead><tr><th scope=\"col\">Check<\/th><th scope=\"col\">How it is done<\/th><\/tr><\/thead><tbody><tr><td data-label=\"Check\">Episode back-testing<\/td><td data-label=\"How it is done\">Channels are tested against known stress episodes in money market and bond funds before they are used in scenarios<\/td><\/tr><tr><td data-label=\"Check\">Alternative specifications<\/td><td data-label=\"How it is done\">Results are compared across factor models, samples and definitions, and the sensitivity is reported<\/td><\/tr><tr><td data-label=\"Check\">Reconciliation with supervisory aggregates<\/td><td data-label=\"How it is done\">Estimates built from public holdings are reconciled with ESMA, SEC and central bank aggregates where they exist<\/td><\/tr><\/tbody><\/table><\/div><p class=\"nx-note nx-mt-3\">Relationships estimated in calm periods may break down in stress. Hidden leverage and interconnections are often unobserved.<\/p><\/div><\/div><\/section><\/div><\/div><\/section><section id=\"nx-s-7-sec\" class=\"nx-section\" data-hue=\"finance\" aria-labelledby=\"nx-s-7\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">07<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Process<\/span><\/div><h2 id=\"nx-s-7\" class=\"nx-section-title\">How the process runs.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-canvas-wrap\"><div class=\"nx-launch\" id=\"explore-nx-pe-prisma\" data-kind=\"explorer\" data-js><div class=\"nx-launch-row\"><div class=\"nx-launch-text\"><p class=\"nx-launch-eb\">Process explorer \u00b7 Process<\/p><h3 class=\"nx-launch-t\" id=\"explore-nx-pe-prisma-t\">Financial economics for asset management: PRISMA 2020 review reporting<\/h3><p class=\"nx-launch-facts\"><span>10 steps<\/span><span class=\"nx-launch-sep\" aria-hidden=\"true\">\u00b7<\/span><span>4 stages<\/span><\/p><\/div><button type=\"button\" class=\"nx-launch-open\" aria-expanded=\"false\" aria-controls=\"explore-nx-pe-prisma-body\" data-open-label=\"Open explorer\" data-close-label=\"Close explorer\"><svg class=\"nx-launch-i nx-launch-play\" viewBox=\"0 0 14 14\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M2.5 1v12L13 7z\"\/><\/svg><svg class=\"nx-launch-i nx-launch-x\" viewBox=\"0 0 14 14\" aria-hidden=\"true\" focusable=\"false\"><path d=\"m2.5 2.5 9 9m0-9-9 9\"\/><\/svg><span>Open explorer<\/span><\/button><\/div><div class=\"nx-launch-body\" id=\"explore-nx-pe-prisma-body\" role=\"region\" aria-labelledby=\"explore-nx-pe-prisma-t\" tabindex=\"-1\"><div class=\"nx-pe\" id=\"nx-pe-prisma\" data-nx-pe=\"nx-pe-prisma\" data-active=\"prisma\"><div class=\"nx-pe-shell\"><p class=\"nx-pe-eb\">Process<\/p><h2 class=\"nx-pe-title\">Financial economics for asset management: PRISMA 2020 review reporting<\/h2><p class=\"nx-pe-cap\">PRISMA 2020 is a reporting guideline for systematic reviews; the steps follow its checklist, not a mandated sequence, and no Nexus document adopts it.<\/p><ol class=\"nx-pe-steps\"><li class=\"nx-pe-lane\"><h3 class=\"nx-pe-lane-t\">01 Plan<\/h3><ol><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">01<\/span><span class=\"nx-pe-st\">Registration and protocol<\/span><span class=\"nx-pe-k\">Record \u00b7 The review team<\/span><span class=\"nx-pe-sm\">The guideline asks for registration details, access to the protocol and any amendments.<\/span><\/li><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">02<\/span><span class=\"nx-pe-st\">Eligibility criteria<\/span><span class=\"nx-pe-k\">Record \u00b7 The review team<\/span><span class=\"nx-pe-sm\">The guideline asks for the inclusion and exclusion criteria and how studies were grouped.<\/span><\/li><\/ol><\/li><li class=\"nx-pe-lane\"><h3 class=\"nx-pe-lane-t\">02 Find and select<\/h3><ol><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">03<\/span><span class=\"nx-pe-st\">Search: sources and strategies<\/span><span class=\"nx-pe-k\">Step \u00b7 The review team<\/span><span class=\"nx-pe-sm\">The guideline asks for the information sources and the full search strategies. It does not fix which sources are used.<\/span><\/li><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">04<\/span><span class=\"nx-pe-st\">Selection of studies<\/span><span class=\"nx-pe-k\">Step \u00b7 The review team<\/span><span class=\"nx-pe-sm\">The guideline asks how studies were judged eligible, including how many reviewers screened. It does not fix the number of reviewers.<\/span><\/li><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">05<\/span><span class=\"nx-pe-st\">Flow diagram<\/span><span class=\"nx-pe-k\">Record<\/span><span class=\"nx-pe-sm\">The flow diagram shows the number of records found, the number of studies included and the reasons for exclusion.<\/span><\/li><\/ol><\/li><li class=\"nx-pe-lane\"><h3 class=\"nx-pe-lane-t\">03 Analyse<\/h3><ol><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">06<\/span><span class=\"nx-pe-st\">Data collection<\/span><span class=\"nx-pe-k\">Step \u00b7 The review team<\/span><span class=\"nx-pe-sm\">The guideline asks how data were collected from reports and which data items were sought.<\/span><\/li><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">07<\/span><span class=\"nx-pe-st\">Risk of bias<\/span><span class=\"nx-pe-k\">Step \u00b7 The review team<\/span><span class=\"nx-pe-sm\">The guideline asks for the methods and tools used to assess risk of bias.<\/span><\/li><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">08<\/span><span class=\"nx-pe-st\">Synthesis<\/span><span class=\"nx-pe-k\">Model \u00b7 The review team<\/span><span class=\"nx-pe-sm\">The guideline asks for the effect measures and the synthesis methods. It does not prescribe meta-analysis.<\/span><\/li><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">09<\/span><span class=\"nx-pe-st\">Certainty of evidence<\/span><span class=\"nx-pe-k\">Step \u00b7 The review team<\/span><span class=\"nx-pe-sm\">The guideline asks for the methods used to assess certainty, and reports the result per outcome. It does not name a grading scale.<\/span><\/li><\/ol><\/li><li class=\"nx-pe-lane\"><h3 class=\"nx-pe-lane-t\">04 Report<\/h3><ol><li class=\"nx-pe-step\"><span class=\"nx-pe-n\" translate=\"no\">10<\/span><span class=\"nx-pe-st\">Review report<\/span><span class=\"nx-pe-k\">Record<\/span><span class=\"nx-pe-sm\">The guideline helps authors report why the review was done, what they did and what they found.<\/span><\/li><\/ol><\/li><\/ol><p class=\"nx-pe-foot\"><span><a class=\"nx-link\" href=\"https:\/\/docs.therisk.global\/organization\/programme\/reports\" rel=\"noopener\">Reports<\/a><\/span><span>Outline of an externally published reporting guideline, not a Nexus process and not a record of operation. PRISMA 2020 mainly covers reviews of intervention effects. No Nexus page names it. Every programme is at service level R0.<\/span><\/p><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><section class=\"nx-section\" data-band=\"auto\" data-band-id=\"nx-band-3\" data-hue=\"climate\" aria-label=\"Connections, Stewardship, Connected, Questions\"><div class=\"nx-container\"><div class=\"nx-hm-band nx-band\" data-nx-tabs=\"true\" data-active=\"p1\"><div class=\"nx-tablist nx-hm-tabs\" role=\"tablist\" aria-label=\"Connections, Stewardship, Connected, Questions\"><button class=\"nx-tab\" type=\"button\" role=\"tab\" id=\"nx-band-3-tab-1\" aria-controls=\"nx-sec-connections\" aria-selected=\"true\" data-key=\"p1\">Connections<\/button><button class=\"nx-tab\" type=\"button\" role=\"tab\" id=\"nx-band-3-tab-2\" aria-controls=\"nx-sec-stewardship\" aria-selected=\"false\" data-key=\"p2\">Stewardship<\/button><button class=\"nx-tab\" type=\"button\" role=\"tab\" id=\"nx-band-3-tab-3\" aria-controls=\"nx-s-10-sec\" aria-selected=\"false\" data-key=\"p3\">Connected<\/button><button class=\"nx-tab\" type=\"button\" role=\"tab\" id=\"nx-band-3-tab-4\" aria-controls=\"nx-s-11-sec\" aria-selected=\"false\" data-key=\"p4\">Questions<\/button><\/div><section id=\"nx-sec-connections\" class=\"nx-section nx-band-panel\" data-hue=\"climate\" aria-labelledby=\"nx-s-8\" role=\"tabpanel\" data-band-tab=\"nx-band-3-tab-1\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">08<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Connections<\/span><\/div><h2 id=\"nx-s-8\" class=\"nx-section-title\">Topics that rely on this method.<\/h2><\/div><div class=\"nx-section-body\"><ul class=\"nx-list\" data-nav=\"true\"><li><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/topics\/portfolio-concentration\/\"><span>Portfolio concentration<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/li><li><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/topics\/long-horizon-risk\/\"><span>Long-horizon risk<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/li><li><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/topics\/stewardship-and-governance\/\"><span>Stewardship and governance<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/li><li><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/topics\/data-and-disclosure\/\"><span>Data and disclosure<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/li><li><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/topics\/liquidity-and-redemption\/\"><span>Liquidity and redemption<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/li><li><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/topics\/infrastructure-and-real-assets\/\"><span>Infrastructure and real assets<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/li><li><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/topics\/transition-risk\/\"><span>Transition risk<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/li><li><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/topics\/fiduciary-boundaries\/\"><span>Fiduciary boundaries<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/li><li><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/topics\/transition-finance\/\"><span>Transition finance<\/span><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/a><\/li><\/ul><\/div><\/div><\/section><section id=\"nx-sec-stewardship\" class=\"nx-section nx-band-panel\" data-hue=\"biodiversity\" data-variant=\"split\" aria-labelledby=\"nx-s-9\" role=\"tabpanel\" data-band-tab=\"nx-band-3-tab-2\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">09<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Stewardship<\/span><\/div><h2 id=\"nx-s-9\" class=\"nx-section-title\">Who maintains the method.<\/h2><p class=\"nx-lede\"><a class=\"nx-link\" href=\"https:\/\/globalriskalliance.com\/financial-stability\/\">Financial Stability<\/a> stewards financial economics and macro-finance for the Consortium and reviews how it is applied across platforms.<\/p><\/div><div class=\"nx-section-body\"><p class=\"nx-p\"><a class=\"nx-link\" href=\"https:\/\/therisk.global\/stem\/science\/financial-economics\/\">Canonical page: Financial economics and macro-finance<\/a><\/p><\/div><\/div><\/section><section id=\"nx-s-10-sec\" class=\"nx-section nx-band-panel\" data-hue=\"finance\" aria-labelledby=\"nx-s-10\" role=\"tabpanel\" data-band-tab=\"nx-band-3-tab-3\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">10<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Connected<\/span><\/div><h2 id=\"nx-s-10\" class=\"nx-section-title\">Where this page leads across the Consortium.<\/h2><\/div><div class=\"nx-section-body\"><ul class=\"nx-dest\"><li><a class=\"nx-dest-card\" href=\"https:\/\/globalriskalliance.com\/financial-stability\/stem\/financial-economics\/\"><span class=\"nx-dest-top\"><span class=\"nx-dest-rel\">Steward platform<\/span><span class=\"nx-dest-host\">GRA<\/span><\/span><span class=\"nx-dest-title\">Financial economics and macro-finance at Financial Stability<\/span><span class=\"nx-dest-why\">Financial Stability stewards this method.<\/span><span class=\"nx-dest-go\" aria-hidden=\"true\"><svg class=\"nx-arrow\" viewBox=\"0 0 16 16\" aria-hidden=\"true\"><path d=\"M3 8h10M9 4l4 4-4 4\"\/><\/svg><\/span><\/a><\/li><\/ul><\/div><\/div><\/section><section id=\"nx-s-11-sec\" class=\"nx-section nx-band-panel\" data-hue=\"climate\" aria-labelledby=\"nx-s-11\" role=\"tabpanel\" data-band-tab=\"nx-band-3-tab-4\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">11<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Questions<\/span><\/div><h2 id=\"nx-s-11\" class=\"nx-section-title\">Questions and answers.<\/h2><\/div><div class=\"nx-section-body\"><div class=\"nx-faq\"><details><summary>What are the limits of financial economics and macro-finance in this field?<\/summary><div class=\"nx-answer\">Relationships estimated in calm periods may break down in stress. Hidden leverage and interconnections are often unobserved.<\/div><\/details><details><summary>How are results checked?<\/summary><div class=\"nx-answer\">Models are back-tested against historical market episodes and crises. Results are compared with supervisory data and alternative specifications.<\/div><\/details><details><summary>Are the values on this page real?<\/summary><div class=\"nx-answer\">The data names, roles and checks are real descriptions of practice. The canvas shows a design of the method&#8217;s use, not a run; no result is reported here.<\/div><\/details><details><summary>Where else is this method applied?<\/summary><div class=\"nx-answer\">The <a class=\"nx-link\" href=\"https:\/\/therisk.global\/stem\/science\/financial-economics\/\">canonical method page<\/a> lists every platform that applies it.<\/div><\/details><\/div><\/div><\/div><\/section><\/div><\/div><\/section><section id=\"nx-sec-nr-gateway\" class=\"nx-section\" data-hue=\"biodiversity\" data-tone=\"alt\" aria-labelledby=\"nx-nr-gateway-h\"><div class=\"nx-container\"><div class=\"nx-section-head\"><div class=\"nx-eyebrow-row\"><span class=\"nx-eyebrow\">Reports<\/span><span class=\"nx-rule\" aria-hidden=\"true\"><\/span><span class=\"nx-eyebrow\">Contribute<\/span><\/div><h2 id=\"nx-nr-gateway-h\" class=\"nx-section-title\">Contribute evidence from this page.<\/h2><p class=\"nx-lede\">Reports is the Consortium&#8217;s quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.<\/p><div class=\"nx-chips\"><span class=\"nx-chip\">Global Risks Alliance<\/span><span class=\"nx-chip\">Asset Management Nexus<\/span><span class=\"nx-chip\">Finance and Insurance Readiness<\/span><span class=\"nx-chip\">Scenario and Stress-Test<\/span><\/div><\/div><div class=\"nx-section-body\"><ul class=\"nx-dest\"><li><a class=\"nx-dest-card\" href=\"https:\/\/globalriskalliance.com\/asset-management-nexus\/write-to-us\/contact\/\"><span class=\"nx-dest-top\"><span class=\"nx-dest-rel\">Email<\/span><span class=\"nx-dest-host\">Gateway GW-GRA<\/span><\/span><span class=\"nx-dest-title\">Send it from this page<\/span><span class=\"nx-dest-why\">Evidence, a correction, a case, a method, a review, a translation or profile input. 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