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Municipal bond markets begin pricing sea level rise (SLR) exposure risk in 2013, coinciding with upward revisions to …-maturity bonds and is not solely driven by near-term flood risk. We use a structural model of credit risk to quantify the implied …
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Socially vulnerable households across the earth tend to live in informal settlements, which also are likely to be in areas that might experience flooding. Given that since the 1980s there have been more frequent and devastating hurricanes, this study asks what is the relationship between...
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