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When earthquakes shake markets: How investors reassess sovereign risk after natural disasters
Combining monthly data for 96 economies with a geophysical dataset of more than 44,000 earthquakes from 2012–2023, our analysis uncovers a stark asymmetry: major earthquakes raise sovereign spreads only in countries with low administrative and fiscal...
Transport infrastructure, identity, and the politics of ‘development’
In post-revolutionary Mexico, transport infrastructure meant nation-building for the state, but a threat to identity and traditions for many Indigenous communities.
