Sovereign Risk and Financial CrisesMichael Frenkel, Alexander Karmann, Bert Scholtens Springer Science & Business Media, 11 aug 2004 - 258 pagina's 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. |
Inhoudsopgave
Principles Practices and Policies | 5 |
Country Default Risk and the Determinants of Sovereign Debt Discounts | 31 |
A Structural Approach | 53 |
Sovereign Ratings and Financial Crises | 77 |
The Impact of Sovereign Rating Changes during Emerging Market Crises | 91 |
Managing Sovereign Credit Risk with Derivatives | 115 |
Part II Financial Crises | 127 |
Crises and Contagion in Financial Markets | 129 |
Contagion and the Behavior of International Equity Funds | 145 |
Identifying the Role of Contagion in Currency Crises with MarkovSwitching Models | 157 |
Were there Differences? | 179 |
The Real Impacts of Excessive Exchange Rate Volatility in Emerging Markets | 193 |
Lessons from New Approaches | 205 |
The Credibility of Private Sector Involvement in the Resolution of Financial Crises | 221 |
Experiences from Argentina and Bulgaria | 239 |
Overige edities - Alles bekijken
Sovereign Risk and Financial Crises Michael Frenkel,Alexander Karmann,Bert Scholtens Gedeeltelijke weergave - 2013 |
Sovereign Risk and Financial Crises Michael Frenkel,Alexander Karmann,Bert Scholtens Geen voorbeeld beschikbaar - 2010 |
Sovereign Risk and Financial Crises Michael Frenkel,Alexander Karmann,Bert Scholtens Geen voorbeeld beschikbaar - 2013 |