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From Extreme Events to Extreme Seasons: Financial Stability Risks of Climate Change in Mexico

Dolk, Michaela - 2023

This paper explores the financial stability implications of acute physical climate change risks using a novel approach that focuses on a severe season associated with a sequence of tropical cyclone and flood events. Our approach was recently applied to study physical risks in the Mexican...

Persistent link: https://www.econbiz.de/10015059150

Macroeconomic Uncertainty and Capital-Skill Complementarity

Belianska, Anna - 2023

I examine the impact of macroeconomic uncertainty on labor market outcomes for skilled and unskilled workers and … propose a new channel to improve our understanding of the underlying propagation mechanisms. I find that uncertainty shocks …, significantly amplify contractionary effects of uncertainty on the real economy …

Persistent link: https://www.econbiz.de/10015059176

Sub-Saharan Africa's Risk Perception Premium: In the Search of Missing Factors

Gbohoui, William - 2023

Policymakers from the sub-Saharan Africa (SSA) region often flag a mispricing of their sovereign debt presumably originating from a perception risk by international investors that lead to "unjustifiably" high borrowing costs. Against this background, this paper explores the extent to which a...

Persistent link: https://www.econbiz.de/10015059330

Trading with Friends in Uncertain Times

Jakubik, Adam - 2023

uncertainty (TPU). Specifically, we investigate whether geopolitical alignments between country pairs determine how bilateral … trade flows react during periods of greater uncertainty. Using a structural gravity framework augmented with a text …

Persistent link: https://www.econbiz.de/10015059357

Decomposing Climate Risks in Stock Markets

Yang, Yuanchen - 2023

Climate change poses an unprecedented challenge to the world economy and the global financial system. This paper sets out to understand and quantify the impact of climate mitigation, with a focus on climate-related news, which represents an important information source that investors use to...

Persistent link: https://www.econbiz.de/10015059379

Albania : Technical Assistance Report-Investment Funds and Interconnectedness Risks

International Monetary Fund / Monetary and Capital … - 2023

This paper presents the technical assistance report on investment funds and interconnectedness risks in Albania. The fund sector has been expanding and remains highly concentrated. Interconnectedness between funds and the rest of the financial system is limited. On the liability side, retail...

Persistent link: https://www.econbiz.de/10015059437

Sweden : Financial Sector Assessment Program-Technical Note on Supervision and Disclosure of Climate-Related Risks

International Monetary Fund / Monetary and Capital … - 2023

This paper discusses the technical note on Supervision and Disclosure of Climate-Related Risks for the Sweden Financial Sector Assessment Program. Swedish banks are in general mainly exposed to the effects of climate change through loans that are collateralized by real estate properties and...

Persistent link: https://www.econbiz.de/10015059532

Calibrating Fiscal Rules : A Consideration of Natural Disaster Risks

Akanbi, Olusegun Ayodele - 2023

This technical note assesses how large shocks from natural disasters are key source of vulnerabilities for public finances. It extends the IMF Fiscal Affairs Department calibration toolkit by developing a methodology to calibrate fiscal rules in the event of natural disaster shocks and the...

Persistent link: https://www.econbiz.de/10015059543

An introduction to trading in the financial markets : global markets, risk, compliance, and regulation

Williams, R. Tee - 2012

Persistent link: https://www.econbiz.de/10009576626

Freaks of fortune : the emerging world of capitalism and risk in America

Levy, Jonathan - 2012

Persistent link: https://www.econbiz.de/10009671003