Sovereign risk: A macro-financial perspective

Arbeitspapier

We examine some of the macro-financial dimensions of sovereign risk and propose a conceptual framework that captures risks other than just the default risk. Morphed under a multi-dimensional notion of sovereign risk, we argue that the existing empirical methodologies to measure sovereign risk cover only partial aspects of sovereign risk and fail to capture its macro-financial dimensions. We highlight a menu of tools that could be used to tackle the broader notion of sovereign risk, and suggest that authorities should actively use them to manage the macro-financial dimensions of sovereign risk before those risks feed into the real economy.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: ADBI Working Paper ; No. 383

Klassifikation und Themen

• Klassifikation: Wirtschaft ; International Finance: General ; International Lending and Debt Problems ; Interest Rates: Determination, Term Structure, and Effects
• Thema: sovereign risk ; default risk ; macro-financial dimensions ; Länderrisiko ; Spillover-Effekt ; Finanzkrise ; Makroökonomischer Einfluss ; Schuldenmanagement ; Welt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Das, Udaibir S. ; Oliva, Maria A. ; Tsuda, Takahiro
• Ereignis: Veröffentlichung
• (wer): Asian Development Bank Institute (ADBI)
• (wo): Tokyo
• (wann): 2012

Weitere Informationen

• Handle: http://hdl.handle.net/10419/101285
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ