Bücher von Norbert Gaillard

This book examines the debt of sovereign nations. It explains the methodology behind how rating agencies evaluate nations and looks at sovereign defaults from the Great Depression to the Asian Crisis of the 1990s as well as the recent financial crisis.

Chapter 4 also demonstrates that sovereign debtors must overcome seven types of risk in order to preserve their creditworthiness: natural disaster, geopolitical risk, institutional and political risk, economic risk, monetary and exchange rate risk, fiscal and tax-system risk, and debt-related risk.