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Feeling the heat : climate shocks and credit ratings
Cevik, Serhan; Jalles, João Tovar - 2020
dynamics that remain a source of great uncertainty. There is a bourgeoning literature on the economic impact of climate change … credit ratings. By means of binary-choice models, we find that climate change vulnerability has adverse effects on sovereign …
Persistent link: https://www.econbiz.de/10012486104
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An apocalypse foretold : climate shocks and sovereign defaults
Cevik, Serhan; Jalles, João Tovar - 2020
Persistent link: https://www.econbiz.de/10012392493
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This changes everything : climate shocks and sovereign bonds
Cevik, Serhan; Jalles, João Tovar - 2020
therefore investigates the impact of climate change vulnerability and resilience on sovereign bond yields and spreads in 98 … advanced and developing countries over the period 1995-2017. We find that the vulnerability and resilience to climate change … with greater vulnerability to risks associated with climate change. Furthermore, partitioning the sample into country …
Persistent link: https://www.econbiz.de/10012251897
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Commodity price shocks and financial sector fragility
Kinda, Tidiane; Mlachila, Montfort; Ouedraogo, Rasmané - 2016
This paper investigates the impact of commodity price shocks on financial sector fragility. Using a large sample of 71 commodity exporters among emerging and developing economies, it shows that negative shocks to commodity prices tend to weaken the financial sector, with larger shocks having...
Persistent link: https://www.econbiz.de/10011436781
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Assessing Fiscal Risks in Bangladesh
Medina, Leandro - 2015
This paper identifies, quantifies, and assesses fiscal risks in Bangladesh. By performing sensitivity analysis and using stochastic simulations, it measures risks arising from shocks to GDP growth, the exchange rate, commodity prices, and interest rates. It also analyzes specific fiscal and...
Persistent link: https://www.econbiz.de/10012418217
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A generalized framework for the assessment of household financial vulnerability
Leika, Mindaugas; Marchettini, Daniela - 2017
substantial gaps remain in the analytical underpinnings of household financial vulnerability assessment, as well as in data … financial vulnerability in presence of data limitations. The result of this effort is a comprehensive framework, that has wide …
Persistent link: https://www.econbiz.de/10011748870
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Long-Run Determinants of Exchange Rate Regimes : A Simple Sensitivity Analysis
Mauro, Paolo - 2002
Many studies have attempted to uncover empirical regularities in how countries choose their exchange rate regimes. We survey previous studies showing that, taken as a whole, the literature is inconclusive. Drawing on a large dataset with many potential explanatory variables and a variety of...
Persistent link: https://www.econbiz.de/10014399579
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Global Poverty Estimates : A Sensitivity Analysis
Minoiu, Camelia - 2011
Current estimates of global poverty vary substantially across studies. In this paper we undertake a novel sensitivity analysis to highlight the importance of methodological choices in estimating global poverty. We measure global poverty using different data sources, parametric and nonparametric...
Persistent link: https://www.econbiz.de/10014398164
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Investing in public investment : an index of public investment efficiency
Dabla-Norris, Era; Brumby, Jim; Kyobe, Annette; Mills, Zac - 2011
Persistent link: https://www.econbiz.de/10009487110
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Additions to market indices and the comovement of stock returns around the world
Claessens, Stijn; Yāfe, Yišay - 2011
Persistent link: https://www.econbiz.de/10009487130