Sovereign Risk and Financial Crises

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...

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Bibliographic Details
Other Authors: Frenkel, Michael (Editor), Karmann, Alexander (Editor), Scholtens, Bert (Editor)
Format: eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 2004, 2004
Edition:1st ed. 2004
Subjects:
Online Access:
Collection: Springer Book Archives -2004 - Collection details see MPG.ReNa
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505 0 |a I — Sovereign Risk -- Country Risk Analysis: Principles, Practices and Policies -- Country Default Risk and the Determinants of Sovereign Debt Discounts -- Assessment of Sovereign Risk for South America: A Structural Approach -- Sovereign Ratings and Financial Crises -- The Impact of Sovereign Rating Changes during Emerging Market Crises -- Managing Sovereign Credit Risk with Derivatives -- II — Financial Crises -- Crises and Contagion in Financial Markets -- Contagion and the Behavior of International Equity Funds -- Identifying the Role of Contagion in Currency Crises with Markov-Switching Models -- Empirical Links between Twin Crises in the 1980s and the 1990s: Were there Differences? -- The Real Impacts of Excessive Exchange Rate Volatility in Emerging Markets -- Early Warning Systems: Lessons from New Approaches -- The Credibility of Private Sector Involvement in the Resolution of Financial Crises -- Currency Boards and Financial Stability: Experiences from Argentina and Bulgaria -- Notes on Contributors 
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653 |a Financial Economics 
653 |a International Economics 
653 |a Macroeconomics 
653 |a International economic relations 
700 1 |a Karmann, Alexander  |e [editor] 
700 1 |a Scholtens, Bert  |e [editor] 
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520 |a 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