sovereign-default

Learning objectives: Describe the consequences of sovereign default. Describe factors that influence the level of sovereign default risk; explain and assess how rating agencies measure sovereign default risks. Describe the advantages and disadvantages of using the sovereign default spread as a...

Learning objectives: Evaluate composite measures of risk that incorporate all types of country risk and explain limitations of the risk services. Compare instances of sovereign default in both foreign currency debt and local currency debt, and explain common causes of sovereign defaults...