Sovereign Risk, Credit Ratings and the Recent Financial Crisis in Emerging Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sovereign Risk, Credit Ratings and the Recent Financial Crisis in Emerging Markets write by Roman Kräussl. This book was released on 2003. Sovereign Risk, Credit Ratings and the Recent Financial Crisis in Emerging Markets available in PDF, EPUB and Kindle.
Sovereign Risk and Financial Crises
Sovereign Risk and Financial Crises - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Sovereign Risk and Financial Crises write by Michael Frenkel. This book was released on 2013-03-14. Sovereign Risk and Financial Crises available in PDF, EPUB and Kindle. Sovereign risk and financial crises play a key role in current international economic developments, particularly in the case of economic downturns. As the Asian economic crisis in the late 1990s revealed once again, financial crises are the rule rather than the exception in capitalist economies. The event also revealed that international public debt agreements are contingent claims. In a world of increasing economic interdependencies, the issues of financial crises and country defaults are of critical importance. This volume goes to the heart of the academic discussion on sovereign risk and financial crises by centering on quantitative-empirical aspects, evaluating prominent approaches, and by proposing new methods. Part I of the volume identifies key factors and processes that are central in analyzing sovereign risk while Part II focuses on the determinants and effects of financial crises.
Emerging Markets Instability
Emerging Markets Instability - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Emerging Markets Instability write by Graciela Laura Kaminsky. This book was released on 2001. Emerging Markets Instability available in PDF, EPUB and Kindle. Changes in sovereign ratings affect country risk and stock returns. And these changes are transmitted across countries, with neighbor-country effects being more significant.
Emerging Markets and Sovereign Risk
Emerging Markets and Sovereign Risk - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Emerging Markets and Sovereign Risk write by N. Finch. This book was released on 2014-12-09. Emerging Markets and Sovereign Risk available in PDF, EPUB and Kindle. Emerging Markets and Sovereign Risk provides case studies, commentary and analysis on the financial risk management and measurement in the context of frontier and developing counties from international experts covering three key areas of emerging market investments, the rating sovereign risk and managing sovereign risk.
A Century of Sovereign Ratings
A Century of Sovereign Ratings - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Century of Sovereign Ratings write by Norbert Gaillard. This book was released on 2011-09-21. A Century of Sovereign Ratings available in PDF, EPUB and Kindle. The financial difficulties experienced by Greece since 2009 serve as a reminder that countries (i.e., sovereigns) may default on their debt. Many observers considered the financial turmoil was behind us because major advanced countries had adopted stimulus packages to prevent banks from going bankrupt. However, there are rising doubts about the creditworthiness of several advanced countries that participated in the bailouts. In this uncertain context, it is particularly crucial to be knowledgeable about sovereign ratings. This book provides the necessary broad overview, which will be of interest to both economists and investors alike. Chapter 1 presents the main issues that are addressed in this book. Chapters 2, 3, and 4 provide the key notions to understand sovereign ratings. Chapter 2 presents an overview of sovereign rating activity since the first such ratings were assigned in 1918. Chapter 3 analyzes the meaning of sovereign ratings and the significance of rating scales; it also describes the refinement of credit rating policies and tools. Chapter 4 focuses on the sovereign rating process. Chapters 5 and 6 open the black box of sovereign ratings. Chapter 5 compares sovereign rating methodologies in the interwar years with those in the modern era. After examining how rating agencies have amended their methodologies since the 1990s, Chapter 6 scrutinizes rating disagreements between credit rating agencies (CRAs). Chapters 7 and 8 measure the performances of sovereign ratings by computing default rates and accuracy ratios: Chapter 7 looks at the interwar years and Chapter 8 at the modern era. The two chapters assess which CRA assigns the most accurate ratings during the respective periods. Chapters 9 and 10 compare the perception of sovereign risk by the CRAs and market participants. Chapter 9 focuses on the relation between JP Morgan Emerging Markets Bond Index Global spreads and emerging countries’ sovereign ratings for the period 1993–2007. Chapter 10 compares the eurozone members’ sovereign ratings with Credit Default Swap-Implied Ratings (CDS-IRs) during the Greek debt crisis of November 2009–May 2010.
