Procrastination is Costly, Action is Priceless
After the elections that took place in Greece over the weekend, many European leaders breathed a sigh of relief…for a couple of hours. With the narrow defeat of the…
Macroeconomics and Sovereign Risk Ratings
The objective of this paper is to analyse the concept and determinants of “sovereign risk” and the role of the credit risk rating agencies which serve internationally as the…
Shadow sovereign ratings
VoxEU Sovereign ratings are important for countries to access international capital, but even today 58 developing countries are not rated by Standard and Poor’s, Moody’s, or Fitch. This column…
Credit Ratings Matter for Those Who Need Them Most
Debt and credit ratings keep making headlines. But for a moment, forget about their impact in the U.S. and Europe, where an abundant set of economic data exists both…
Risco soberano e prêmios de risco em economias emergentes
O presente texto tem como objeto o conceito e os determinantes do risco soberano, bem como o papel cumprido pelas agências de classificação de riscos de crédito que, no…