Related papers: Sovereign Debt Default and Climate Risk
In this paper investigations by the same authors on environmental issues concerning the control of the pollution produced by human activities have been extended to include costs related to environmental interventions. The proposed model…
Islands are diversity hotspots and vulnerable to environmental degradation, climate variations, land use changes and societal crises. These factors can exhibit interactive impacts on ecosystem services. The study reviewed a large number of…
The document addresses the essential role of financial regulatory frameworks in mitigating climate-related risks within the financial sector. The assessment evaluates Canada's efforts to establish a regulatory framework for financial…
This paper studies natural disasters and the psychological costs of climate change. It presents what we believe to be the first evidence that higher temperature variability and not a higher level of temperature is what predicts natural…
Sustainability is a key point for financial markets and the label "Green" is an attempt to address this. Acquisition of the label "Green" for financial products carries potential benefits, hence the controversy and attractiveness of the…
Climate-related phenomena are increasingly affecting regions worldwide, manifesting as floods, water scarcity, and heat waves, significantly impairing companies' assets and productivity. It is essential for asset managers to quantify the…
The sustainability of urban environments is an increasingly relevant problem. Air pollution plays a key role in the degradation of the environment as well as the health of the citizens exposed to it. In this chapter we provide a review of…
This paper analyzes the dynamic incentives for technology adoption under a transferable permits system, which allows for strategic trading on the permit market. Initially, firms can invest both in low-emitting production technologies and…
The coarse spatial resolution of gridded climate models, such as general circulation models, limits their direct use in projecting socially relevant variables like extreme precipitation. Most downscaling methods estimate the conditional…
In this study, we will discuss recent developments in risk management of the global financial and insurance business with respect to sustainable development. So far climate change aspects have been the dominant aspect in managing…
We propose a unified structural credit risk model incorporating both insolvency and illiquidity risks, in order to investigate how a firm's default probability depends on the liquidity risk associated with its financing structure. We assume…
Disparity in suicide rates between urban and suburban/rural areas is growing, with rural areas typically witnessing higher suicide rates in the U.S. However, previous studies often ignored the effect of socio-environmental factors on the…
Diabetes mellitus is a disease which is currently a huge health hazard globally. The cases of diabetes had increased by a significant amount in past decades. Also it has been predicted that it will further increase in future. Diabetes…
Modern climate change presents unprecedented challenges, posing critical crises that threaten sustainable development, human well-being, and planetary health. A significant concern is the potential for global warming to cause irreversible…
This paper considers dynamic moral hazard settings, in which the consequences of the agent's actions are not precisely understood. In a new continuous-time moral hazard model with drift ambiguity, the agent's unobservable action translates…
This literature review elucidates the implications of behavioral biases, particularly those stemming from overconfidence and framing, on the intertemporal choices made by students on their underline demand preferences for student loans. A…
Borrowing constraints are a key component of modern international macroeconomic models. The analysis of Emerging Markets (EM) economies generally assumes collateral borrowing constraints, i.e., firms access to debt is constrained by the…
Social behaviour models are increasingly integrated into climate change studies, and the significance of climate tipping points for `runaway' climate change is well recognised. However, there has been insufficient focus on tipping points in…
The scientific data about the state of our planet, presented at the 2012 (Rio+20) summit, documented that today's human family lives even less sustainably than it did in 1992. The data indicate furthermore that the environmental impacts…
Smog, as a form of air pollution, poses as a serious problem to the environment, health, and economy of the world[1-4] . Previous studies on smog mostly focused on the components and the effects of smog [5-10]. However, as the smog happens…