Karolina Bassa is a PhD candidate at the Mathematical Institute, University of Oxford, enrolled in the Mathematics of Random Systems programme. Her research, supervised by Professor Rama Cont, Professor Doyne Farmer, and Dr Susanna Saroyan, focuses on climate change risk and sovereign debt sustainability. She has developed an empirically grounded analytical framework for modelling sovereign credit risk and assessing the sustainability of sovereign debt, to extend this methodology to evaluate climate-induced sovereign credit risk. By combining tools from data science, network theory, and machine learning, her work seeks to support governments and investors in integrating climate risk into financial decision-making.

Before her doctoral studies, Karolina completed an integrated Master’s degree (BA and MMathPhil) in Mathematics and Philosophy at Oxford. Her interest in finance has also led her to gain industry experience through internships with J.P. Morgan and Jane Street.