---
title: Geopolitical risk and emerging market sovereign risk premia
url: https://www.ml-quant.com/papers/repec/bis-biswps-1368/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-10-02
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:bis:biswps:1368
source_url: https://econpapers.repec.org/RePEc:bis:biswps:1368
featured: 2026-10-02
citations: unknown
topic: Macro-Finance & Rates
---


# Geopolitical risk and emerging market sovereign risk premia

The study finds that geopolitical risk raises sovereign credit spreads in emerging markets, with threats having larger effects than acts, and responses shifting substantially after the Ukraine invasion.

- Source: https://econpapers.repec.org/RePEc:bis:biswps:1368
- Identifier: RePEc:bis:biswps:1368
- Released: 2026-09-23
- First featured: Quant Letter No. 133 (2026-10-02): https://www.ml-quant.com/issues/2026-10-02/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Macro-Finance & Rates
- Authors: Fredy Gamboa, Jose Vicente Romero

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