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Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
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Searching... | 30000010116704 | HB3722 S68 2004 | Open Access Book | Book | Searching... |
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Summary
Summary
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.
Table of Contents
Sovereign RiskB. Scholtens |
Country Risk Analysis: Principles, Practices and PoliciesE. Clark and A. Zenaidi |
Country Default Risk and the Determinants of Sovereign Debt DiscountsA. Karmann and D. Maltritz |
Assessment of Sovereign Risk for South America: A Structural ApproachA.N.R. Sy |
Sovereign Ratings and Financial CrisesR. Kräussl |
The Impact of Sovereign Rating Changes during Emerging Market CrisesU. Broll and M.B. Gilroy |
Managing Sovereign Credit Risk with Derivatives; Financial CrisesM. Frenkel and R. Fendel |
Crises and Contagion in Financial MarketsR. Gaston Gelos |
Contagion and the Behavior of International Equity FundsM. Fratzscher |
Identifying the role of contagion in currency crises with Markov-switching modelsJ. von Hagen and T.-k. Ho |
Empirical Links between Twin Crises in the 1980s and the 1990s: Were there Differences?A. Belke and R. Setzer |
The Real Impacts of Excessive Exchange Rate Volatility in Emerging MarketsP. Tillmann |
The Credibility of Private Sector Involvement in the Resolution of Financial CrisesM. Berlemann and N. Nenovsky |
Currency Boards and Financial Stability: Experiences from Argentina and Bulgaria |