Giovanni Pagliardi
Lecturer of Finance, BI Norwegian Business School
Featured work
The growing impact of political risk on financial markets
Risk associated with broad political changes can be quantified with a globally priced factor common across stocks, bonds and currencies
Hedging political risk in international portfolios
Are bad governments a threat to sovereign defaults? The effects of political risk on debt sustainability
In this paper, we ask whether the level of political risk in a country threatens its debt sustainability
Incorporating political risk into analysis of sovereign debt sustainability
Political risk is not taken into account when assessing whether countries can manage their debts, but it could be and should be
All work
Analysis
28 April 2026
The growing impact of political risk on financial markets
Risk associated with broad political changes can be quantified with a globally priced factor common across stocks, bonds and currencies
External publication
16 April 2025
Working paper
21 January 2025
Are bad governments a threat to sovereign defaults? The effects of political risk on debt sustainability
In this paper, we ask whether the level of political risk in a country threatens its debt sustainability
Analysis
16 December 2024
Incorporating political risk into analysis of sovereign debt sustainability
Political risk is not taken into account when assessing whether countries can manage their debts, but it could be and should be