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This paper empirically examines the link between the cost of sovereign borrowing and climate risk for 40 advanced and emerging economies. Controlling for a large set of domestic and global factors, the paper shows that both vulnerability and resilience to climate risk are important factors...
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information on how climate change translates into material risks. To bridge the gap between climate science and real-world … financial indicators, we simulate the effect of climate change on sovereign credit ratings for 108 countries, creating the world …
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