This paper analyses the determimants of emerging market sovereign bond spreads by examining the short and long-run effects of fundamental (macroeconomic) and te

The frequency and virulence of recent financial crises have led to calls for reform of the current international financial architecture. In an effort to learn m

This paper reviews empirical and theoretical work on the links between banks and their governments (the bank-sovereign nexus). How significant is this nexus? Wh

This book is an attempt to build some structure around the issues of sovereign debt to help guide economists, practitioners, and policymakers through this compl

The financial difficulties experienced by Greece since 2009 serve as a reminder that countries (i.e., sovereigns) may default on their debt. Many observers cons