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A Century of Sovereign Ratings
Norbert Gaillard
[PDF.bh46] A Century of Sovereign Ratings
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| #2852235 in eBooks | 2011-09-21 | 2011-09-21 | File type: PDF||From the Back Cover||The financial difficulties experienced by Greece since 2009 serve as a reminder that countries (i.e., sovereigns) may default on their debt. Many observers considered the financial turmoil was behind us because major advanced countries had a
The financial difficulties experienced by Greece since 2009 serve as a reminder that countries (i.e., sovereigns) may default on their debt. Many observers considered the financial turmoil was behind us because major advanced countries had adopted stimulus packages to prevent banks from going bankrupt. However, there are rising doubts about the creditworthiness of several advanced countries that participated in the bailouts. In this uncertain context, it is particular...
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