0
Your cart

Your cart is empty

Books > Business & Economics > Finance & accounting > Finance > Public finance

Buy Now

A Century of Sovereign Ratings (Hardcover, 2012) Loot Price: R2,879
Discovery Miles 28 790
A Century of Sovereign Ratings (Hardcover, 2012): Norbert Gaillard

A Century of Sovereign Ratings (Hardcover, 2012)

Norbert Gaillard

 (sign in to rate)
Loot Price R2,879 Discovery Miles 28 790 | Repayment Terms: R270 pm x 12*

Bookmark and Share

Expected to ship within 10 - 15 working days

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 particularly crucial to be knowledgeable about sovereign ratings. This book provides the necessary broad overview, which will be of interest to both economists and investors alike. Chapter 1 presents the main issues that are addressed in this book. Chapters 2, 3, and 4 provide the key notions to understand sovereign ratings. Chapter 2 presents an overview of sovereign rating activity since the first such ratings were assigned in 1918. Chapter 3 analyzes the meaning of sovereign ratings and the significance of rating scales; it also describes the refinement of credit rating policies and tools. Chapter 4 focuses on the sovereign rating process. Chapters 5 and 6 open the black box of sovereign ratings. Chapter 5 compares sovereign rating methodologies in the interwar years with those in the modern era. After examining how rating agencies have amended their methodologies since the 1990s, Chapter 6 scrutinizes rating disagreements between credit rating agencies (CRAs). Chapters 7 and 8 measure the performances of sovereign ratings by computing default rates and accuracy ratios: Chapter 7 looks at the interwar years and Chapter 8 at the modern era. The two chapters assess which CRA assigns the most accurate ratings during the respective periods. Chapters 9 and 10 compare the perception of sovereign risk by the CRAs and market participants. Chapter 9 focuses on the relation between JP Morgan Emerging Markets Bond Index Global spreads and emerging countries' sovereign ratings for the period 1993-2007. Chapter 10 compares the eurozone members' sovereign ratings with Credit Default Swap-Implied Ratings (CDS-IRs) during the Greek debt crisis of November 2009-May 2010.

General

Imprint: Springer-Verlag New York
Country of origin: United States
Release date: September 2011
First published: 2012
Authors: Norbert Gaillard
Dimensions: 235 x 155 x 17mm (L x W x T)
Format: Hardcover
Pages: 196
Edition: 2012
ISBN-13: 978-1-4614-0522-1
Categories: Books > Business & Economics > Economics > Financial crises & disasters
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Public finance > General
Promotions
LSN: 1-4614-0522-X
Barcode: 9781461405221

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

You might also like..

Death And Taxes - How SARS Made Hitmen…
Johann van Loggerenberg Paperback R295 R264 Discovery Miles 2 640
Dynamic Auditing - A Student Edition
B. Marx, A. van der Watt, … Paperback R1,384 R1,262 Discovery Miles 12 620
Introductory Questions On SA Tax 2022…
Shaun Parsons Paperback R388 Discovery Miles 3 880
SILKE: South African Income Tax 2025…
L. Van Heerden, M. Stiglingh, … Paperback R1,353 R1,237 Discovery Miles 12 370
Gripping GAAP 2024/2025 - Your Guide To…
Cathrynne Service Paperback  (1)
R1,540 Discovery Miles 15 400
Auditing Fundamentals In A South African…
Paperback R592 Discovery Miles 5 920
Tax Law: An Introduction
Annet Wanyana Oguttu, Elzette Muller, … Paperback R1,337 Discovery Miles 13 370
Introductory Questions On SA Tax 2025
Shaun Parsons Paperback R288 Discovery Miles 2 880
Personal Financial Management - The…
Swart Nico Paperback  (3)
R790 R712 Discovery Miles 7 120
Introductory Questions On SA Tax 2023…
Shaun Parsons Paperback R358 Discovery Miles 3 580
The Algebra Of Wealth - A Simple Formula…
Scott Galloway Paperback R440 R393 Discovery Miles 3 930
Everyone's Guide To The South African…
Andre Roux Paperback R340 R314 Discovery Miles 3 140

See more

Partners