Climate change is an existential threat to the world economy like no other, with complex, evolving and nonlinear … dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic impact of climate change …, but research on how climate change affects sovereign risks is limited. Building on our previous research focusing on the …

-consequences of a supply-driven oil-price shock are very different from those of an oil-demand shock driven by global economic …

, however, appears very modest and not evident during the 2008 food price shock. The evidence suggests that trade openness …

integration with the rest of the world, arguably turning these economies more vulnerable to global financial shocks; and an …

country's supply shock vulnerability based on the composition of their individual import baskets. This measure evaluates the … potential negative supply shock spillovers from the import of each good …

notion that interconnected financial systems facilitate shock transmission …