dc.contributor.author | Kapfhammer, Felix | |
dc.contributor.author | Larsen, Vegard H. | |
dc.contributor.author | Thorsrud, Leif Anders | |
dc.date.accessioned | 2021-02-11T07:54:02Z | |
dc.date.available | 2021-02-11T07:54:02Z | |
dc.date.issued | 2020 | |
dc.identifier.isbn | 978-82-8379-181-5 | |
dc.identifier.issn | 1502-8190 | |
dc.identifier.uri | https://hdl.handle.net/11250/2727312 | |
dc.description.abstract | The positive relationship between real exchange rates and natural resource income is well understood and studied. However, climate change and the transition to a lower-carbon economy now challenges this relationship. We document this by proposing a novel news media-based measure of climate change transition risk and show that when such risk is high, major commodity currencies experience a persistent depreciation and the relationship between commodity price fluctuations and currencies tends to become weaker. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Norges Bank | en_US |
dc.relation.ispartofseries | Working Paper;18/2020 | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.subject | exchange rates | en_US |
dc.subject | climate | en_US |
dc.subject | risk | en_US |
dc.subject | commodities | en_US |
dc.subject | JEL: C11 | en_US |
dc.subject | JEL: C53 | en_US |
dc.subject | JEL: D83 | en_US |
dc.subject | JEL: D84 | en_US |
dc.subject | JEL: E13 | en_US |
dc.subject | JEL: E31 | en_US |
dc.subject | JEL: E37 | en_US |
dc.title | Climate risk and commodity currencies | en_US |
dc.type | Working paper | en_US |
dc.description.version | publishedVersion | en_US |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | en_US |
dc.source.pagenumber | 47 | en_US |