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, which are disproportionately affected by climate change, raises significant concerns. This study shows that sovereign risk …. Countries with elevated risk levels are disproportionately vulnerable to climate change compared to their lower-risk … vulnerability to climate change, in terms of sovereign risk, particularly for countries with low spreads and long-term debt …
Persistent link: https://www.econbiz.de/10014529900
techniques on yearly summed data. Using EM-DAT data, we enrich the analysis of natural disasters' risk by characterizing the … normalization procedure to control for exposure (e.g. number and value of assets at risk, inflation), so to ensure spatial and …
Persistent link: https://www.econbiz.de/10011894267
climate change. The risk of uncertain and potentially irreversible catastrophes is an important issue related to the latter … benchmark integrated assessment model. This study moves beyond recent catastrophe or tipping point studies with arbitrary risk … introduced here informs risk management strategies that balance uncertain future climate change impacts with the costs of …
Persistent link: https://www.econbiz.de/10011290817
increase in Turkey's default risk. Our theoretical model illustrates that for banks with higher exposure to government … securities, a higher sovereign default risk implies lower net worth and tightening financial constraint. Our empirical estimates … confirm the model's predictions, showing that the exogenous change in sovereign default risk tightens banks' financial …
Persistent link: https://www.econbiz.de/10013536288
sectors via the destruction of capital stocks and jumps in risk premia. These disruptions often entail negative feedback … effects on the macroeconomy. Research on disaster risks has also actively been pursued in the macroeconomic models of climate … change. Our paper uses insights from the former work to study disaster risks in the macroeconomics of climate change and to …
Persistent link: https://www.econbiz.de/10012265443
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technology and damages, coupled with a relative risk aversion which exceeds unity, the abatement propensity increases to 2 …
Persistent link: https://www.econbiz.de/10011857735
climate-induced disasters and the rising magnitude of accompanying damages worldwide underlines the need to focus on disaster … risk reduction and management responses. Focussing specifically on India, the Emergency Events Database (EM-DAT) pertaining … in India. The paper builds the case for standardizing disaster reporting frameworks and also expounds on the need for …
Persistent link: https://www.econbiz.de/10014531285
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