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Global | Geopolítica, geoeconomía y riesgo soberano: diferentes shocks, diferentes canales
[Global | Geopolitics, geoeconomics and sovereign risk: different shocks,different channels]

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  • BBVA Research

Abstract

Geopolitical shocks reprice sovereign default risk directly; geoeconomic shocks bypass default risk and transmit through expected monetary policy and the global financial cycle. Geopolitical shocks reprice sovereign default risk directly; geoeconomic shocks bypass default risk and transmit through expected monetary policy and the global financial cycle.

Suggested Citation

  • BBVA Research, 2026. "Global | Geopolítica, geoeconomía y riesgo soberano: diferentes shocks, diferentes canales [Global | Geopolitics, geoeconomics and sovereign risk: different shocks,different channels]," Working Papers 26/04, BBVA Bank, Economic Research Department.
  • Handle: RePEc:bbv:wpaper:2604
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    Keywords

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    JEL classification:

    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • C45 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Neural Networks and Related Topics

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