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  • © 2004

Sovereign Risk and Financial Crises

  • 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

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Table of contents (14 chapters)

  1. Front Matter

    Pages I-XII
  2. Sovereign Risk

    1. Front Matter

      Pages 1-1
    2. Assessment of Sovereign Risk for South America: A Structural Approach

      • Alexander Karmann, Dominik Maltritz
      Pages 51-74
    3. Sovereign Ratings and Financial Crises

      • Amadou N. R. Sy
      Pages 75-88
    4. Managing Sovereign Credit Risk with Derivatives

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

    1. Front Matter

      Pages 125-125
    2. Crises and Contagion in Financial Markets

      • Michael Frenkel, Ralf Fendel
      Pages 127-141
    3. Early Warning Systems: Lessons from New Approaches

      • Daniela Beckmann, Lukas Menkhoff
      Pages 203-218
  4. Back Matter

    Pages 257-258

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

Buy it now

Buying options

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