Are assets in a landlocked country subject to sea-level rise risk? In this paper, we study the cross-border spillovers of physical climate risks through international trade and supply chain linkages. As we base our findings on historical data between 1970 and 2018, we observe that globalization...

Using the confidential customs trade data from the U.S. Census, this paper examines the empirical evidence and motivations for multisourcing -- the purchase of the same input from multiple suppliers -- by U.S. importers of manufacturing inputs. The paper highlights a striking and novel sourcing...