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RePEcMacro-Finance & Rates

Climate Risk Spillovers and Sovereign Financing

Global value chains transmit climate risk to sovereigns: ignoring foreign climate spillovers underestimates total risk by 30% and raises measured borrowing costs by 11 basis points.

Featured in No. 137 on 30 Oct 2026 · 4 days after release

Temperature impacts decompose total, domestic, and foreign climate risk on sovereign ratings.
Figure 2: Temperature impacts on sovereign credit ratings
Released
26 Oct 2026
First featured
No. 137 · 30 Oct 2026
Published in
Not yet, as far as Semantic Scholar knows
Fanfare
3 of 5
Identifier
RePEc:ces:ceswps:_13066
Authors
Lukas Rischen and Achim Hagen

Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).

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