Managing Directors Global Environmental Change and Country Risk in Emerging Markets
نویسنده
چکیده
• At this stage of scientific knowledge about global environmental processes, and in the absence of sophisticated economic models, environmental factors such as climate change, natural disasters, epidemics, growing pollution or shortage of water can be included in the framework of conventional country risk analysis by looking at the potential impact of new environmental risks on tested and proven risk indicators.
منابع مشابه
IMF Staff Papers Vol. 48 No. 3, 2001
This paper quantifies the impact of changes in U.S. monetary policy on sovereign bond spreads in emerging market countries. Specifically, the paper explores empirically how country risk, as proxied by sovereign bond spreads, is influenced by U.S. monetary policy, country-specific fundamentals, and conditions in global capital markets. While country-specific fundamentals are important in explain...
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