Skip to main content
SpringerLink
Log in
Book cover

Sovereign Risk and Financial Crises

  • Book
  • © 2004

Overview

Editors:
  1. Michael Frenkel

    1. WHU Koblenz, Vallendar, Germany

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  2. Alexander Karmann

    1. Department of Economics, Dresden University of Technology, Dresden, Germany

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  3. Bert Scholtens

    1. Department of Finance, University of Groningen, Groningen, The Netherlands

    View editor publications

    You can also search for this editor in PubMed   Google Scholar

  • Goes into the heart of the academic discussion on financial stability, crisis and sovereign risk by centering on quantitative-empirical aspects, proposing new methods and evaluating prominent approaches

  • Quantitative empirical approach

  • Evaluating prominent approaches

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

Licence this eBook for your library

Institutional subscriptions

Table of contents (14 chapters)

  1. Front Matter

    Pages I-XII
    Download chapter PDF

  2. Sovereign Risk

    1. Front Matter

      Pages 1-1
      Download chapter PDF

    2. Country Risk Analysis: Principles, Practices and Policies

      • Bert Scholtens
      Pages 3-27

    3. Country Default Risk and the Determinants of Sovereign Debt Discounts

      • Ephraim Clark, Amel Zenaidi
      Pages 29-50

    4. Assessment of Sovereign Risk for South America: A Structural Approach

      • Alexander Karmann, Dominik Maltritz
      Pages 51-74

    5. Sovereign Ratings and Financial Crises

      • Amadou N. R. Sy
      Pages 75-88

    6. The Impact of Sovereign Rating Changes during Emerging Market Crises

      • Roman Kräussl
      Pages 89-111

    7. Managing Sovereign Credit Risk with Derivatives

      • Udo Broll, Michael B. Gilroy
      Pages 113-124

  3. Financial Crises

    1. Front Matter

      Pages 125-125
      Download chapter PDF

    2. Crises and Contagion in Financial Markets

      • Michael Frenkel, Ralf Fendel
      Pages 127-141

    3. Contagion and the Behavior of International Equity Funds

      • R. Gaston Gelos
      Pages 143-154

    4. Identifying the Role of Contagion in Currency Crises with Markov-Switching Models

      • Marcel Fratzscher
      Pages 155-176

    5. Empirical Links between Twin Crises in the 1980s and the 1990s: Were there Differences?

      • Jürgen von Hagen, Tai-kuang Ho
      Pages 177-190

    6. The Real Impacts of Excessive Exchange Rate Volatility in Emerging Markets

      • Ansgar Belke, Ralph Setzer
      Pages 191-201

    7. Early Warning Systems: Lessons from New Approaches

      • Daniela Beckmann, Lukas Menkhoff
      Pages 203-218

    8. The Credibility of Private Sector Involvement in the Resolution of Financial Crises

      • Peter Tillmann
      Pages 219-235

    9. Currency Boards and Financial Stability: Experiences from Argentina and Bulgaria

      • Michael Berlemann, Nikolay Nenovsky
      Pages 237-256

  4. Back Matter

    Pages 257-258
    Download chapter PDF
Back to top

Keywords

About this book

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.

Editors and Affiliations

  • WHU Koblenz, Vallendar, Germany

    Michael Frenkel

  • Department of Economics, Dresden University of Technology, Dresden, Germany

    Alexander Karmann

  • Department of Finance, University of Groningen, Groningen, The Netherlands

    Bert Scholtens

Bibliographic Information

Publish with us

Policies and ethics

Back to top

Search

Navigation