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Natural Capital and Sovereign Bonds (English)

Natural capital is related to government bonds through the macroeconomy and credit risks. This paper estimates this relationship from the long-term, between-country view and the short-term, within-country view. The paper cautions against the former, as it is dominated by income differences. These are de facto ingrained, as they cannot be overcome by short-term policy efforts. The within-country view is unaffected by the ingrained income bias and leaves...
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Wang,Dieter.

Natural Capital and Sovereign Bonds (English). Policy Research working paper|no. WPS 9606 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/628001617289818802

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