nexustandards.com/finance · 5 taught
Finance, Insurance and the Economy
NRS-F5 Sovereign and public finance risk; NRS-F6 Development finance and safeguards
Illustrative: an ensemble of trajectories, its quantile fan and the outcome as it is observed
Risk Academy, led by the Nexus Consortium · Finance and Economics
The department follows a shock from the real economy to the public balance sheet and back: a disaster creates a contingent liability, a commodity price falls, a currency moves, a development programme loses its financing.
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DepartmentDisciplineNexus Standard taught here
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Night-time lights and population, a proxy for economic activity, with the floods and fires that put assets at risk, over the Gulf of Mexico coast.
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Activity and exposure, framed on the Gulf of Mexico coast.Satellite and model products as NASA publishes them, each with its own date. They are indicators, not assessments of any place.
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The Nexus Standards the department teaches toward, grouped by master standard, with the disciplines that teach each.
nexustandards.com/finance · 5 taught
NRS-F5 Sovereign and public finance risk; NRS-F6 Development finance and safeguards
nexustandards.com/society · 2 taught
NRS-H59 Economic shocks and governance failure; NRS-H114 Macroeconomic and fiscal shocks
nexustandards.com/hazards · 1 taught
NRS-D1 Risk-informed development and project screening
nexustandards.com/systemic-risk · 1 taught
NRS-D5 Economic development, industry and innovation risk
Nexus Standards at the AcademyThe Academy proposes how each discipline teaches toward the Nexus Standards; the mapping is open for public review.
Research and preprints as they are published, by discipline, with the faculty's other tools.
The hub lists the newest research and preprints for 4 disciplines, each with its source and date. Open the research hub
Public finance and sovereign debt, Development finance, Economic development and macroeconomic shocks, Macroeconomics of climate and disasters
Courses for this department are in development; until they open, study it through the connected courses below and the open lessons on its discipline pages.
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Key terms
This area covers government budgets, debt and fiscal risk: debt sustainability analysis, contingent liabilities, the fiscal costs of disasters and climate change, debt transparency, commodity and revenue risk, subnational finance and sovereign wealth funds.
This area covers the public and blended finance that development institutions provide for countries' investment, and the evidence and safeguards it requires.
This area covers structural transformation, growth, productivity, jobs and public investment, and how systemic shocks such as commodity, currency and demand shocks, disasters and pandemics set back development gains.
This area covers how disasters and climate change affect growth, public finances, prices and monetary policy, and how macroeconomic models and fiscal frameworks represent them.
Reports is the Consortium's quarterly publication. What you know about this subject can become evidence, a case or a correction in the next edition, credited to you and published under CC BY 4.0 where it is your own work.
Each discipline page sets out its scope, courses, labs, technology and key terms.