Sovereign default risk valuation : implications of debt crises and bond restructurings

著者

    • Andritzky, Jochen

書誌事項

Sovereign default risk valuation : implications of debt crises and bond restructurings

Jochen Andritzky

(Lecture notes in economics and mathematical systems, 582)

Springer, c2006

  • : pbk

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注記

Bibliography: p. [229]-251

"With 43 figures and 49 tables"

内容説明・目次

内容説明

Past cycles of sovereign lending and default suggest that debt crises will recur at some point. This book shows why investors should reckon with similar credit events in the future. Surveying the sovereign bond market, the author provides investors with a useful toolkit for analyzing sovereign bonds and foreseeing trends in the international financial architecture. The result should be a better understanding of debt crises and more deliberate investment decisions.

目次

Sovereign Lending and Default.- Sovereign Restructuring.- Modeling Sovereign Default Risk.- Empirical Estimations.- Credit Default Swaps.- Conclusion.

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