, 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 …

) risk. It builds on a manually collected set of data on FX positions and the maturity structure of assets and liabilities of … average, face no liquidity risk and that exposure to FX risk is lower than commonly assumed. Linking risk exposure to … institutional characteristics, I find that legal status and regional affiliation are correlated with risk exposure while regulatory …

The 2008 credit crisis came as a complete surprise to most financial practitioners and academics. As risk models had … significant drop in the stock market, lower risk-free interest rates, and a strong increase in credit spreads. Second, the risk … is due to the changing importance of two sources: monetary shocks leading to a positive stock-bond correlation, and risk …