After Emerging Market Default, Sovereign Ratings Follow A Diverse Recovery
The path of sovereign ratings after default is diverse, ranging from serial defaults to recovery to investment grade. Overall, the…
Taper Tantrum 2.0: Beware the TUCKANS
A year into the Covid-19 pandemic, the global economy faces an ever-increasing risk of balance of payments crises’. In fact, 2020 already saw a record seven sovereign debt defaults by…
