Natural Disasters, Climate Change, and Sovereign Risk

Enrico Mallucci

No 2020-12-18-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Unexpected shocks may tip countries with elevated fiscal vulnerabilities into default. The literature has emphasized the role of macroeconomic and financial shocks, such as a decline of commodity prices (Reinhart et al., 2016) or banking crises (Baltenau and Erce, 2018) in shaping sovereign risk.

Date: 2020-12-18
New Economics Papers: this item is included in nep-env and nep-opm
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Related works:
Journal Article: Natural disasters, climate change, and sovereign risk (2022)
Working Paper: Natural Disasters, Climate Change, and Sovereign Risk (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-12-18-1

DOI: 10.17016/2380-7172.2813

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