Do sovereign ratings provide a reliable indication of prospective sovereign default risk or merely a measure of the expected loss involved? It’s a moot point, but an important one, particularly as ...

LONDON (Reuters) - When a bankrupt Mexico stopped repaying foreign loans in 1861 after three years of civil war, Great Britain, France and Spain responded by invading the Mexican harbor of Veracruz.

LONDON (Reuters) - Some of the world's smallest economies, especially in Africa, could be at increased risk of being unable to pay their debts in the medium term, even as developing nations have ...

Jochen Andritzky’s book demonstrates the importance of analysing CDS prices alongside bond prices in assessing the likelihood of sovereign default and expected recovery values. Felix Salmon examines ...

The historical movements in 1-year (BLUE) and 5-year annualized default probabilities for the USA are given below for the last 10 years:The next graph shows the current term structure of the default ...

Chinese overseas lending is currently undergoing a transition. During the decade from 2010 to 2020, Chinese policy banks – particularly the Export-Import Bank of China (Exim Bank) and the China ...

A common currency is a wise and important component of European integration and economic vitality. The euro was set up presciently, but its evolution in a sequence of crises now leaves it in a ...