2

Inattention to the Coming Storm? Rising Seas and Sovereign Credit Risk

Coastal flooding disasters, exacerbated by future sea level rise (SLR) and population growth, are a threat to low-lying regions. Using sovereign credit default swap spreads as premiums that incorporate information on credit quality, I observe that …

Nailing Down Volatile Temperatures: Examining their Effects on Asset Prices

We present a statistic to generally represent extremes in the distribution of temperature anomalies and demonstrate its consequences on financial markets. The diverse shocks that our measure portrays are established to be primary drivers of …