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Yi-Zhan Lian

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Open access Sep 2026

Climate Risk Transmission: An Analysis of Cross-Market Spillover Effects in Financial and Commodity Markets

Climate change continues to impact asset pricing through severe weather losses and low-carbon transition adjustments. This study uses the Transition Risk Impact Index (TRI) and the Physical Risk Impact Index (PRI) constructed based on Reuters news texts, and matches daily data from six markets-carbon futures, gold, glo...

Yi-Zhan Lian · 0 citations

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