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Sovereign Risk

Greece: Who Really Should Pay?

Nancy K. Humphreys | Posted 04.08.2015 | Business
Nancy K. Humphreys

Today, trying to find a reason for my unease with what's happening to the Greek people, I took a look at the definitions of two forms of risk that investors can incur when buying foreign debt: systemic risk and sovereign risk.

Tough Political Decisions Needed to Fix the Financial System

José Viñals | Posted 08.20.2011 | Business
José Viñals

We are now in a new phase of the crisis -- the political phase -- and tough political decisions need to be made. Time is of the essence.

Government Bonds: No Longer a World Without Risk

José Viñals | Posted 05.25.2011 | Business
José Viñals

The risk free nature of government bonds, one of the cornerstones of the global financial system, has come into question as the global crisis unfolds.

The Long and the Short of It -- Government Debt Plans in 2011 and Beyond

Carlo Cottarelli | Posted 05.25.2011 | Business
Carlo Cottarelli

As we said in the just-published Fiscal Monitor update, fiscal policy this year in some leading advanced economies is shaping up to be quite different from what was expected just last November.

Time Waits for No Man: How to Secure Financial Stability in 2011

José Viñals | Posted 05.25.2011 | Business
José Viñals

In emerging markets, policymakers must act now to avoid future crises. It is important to maintain the appropriate mix of macroeconomic and prudential financial policies to deal with the challenges posed by capital inflows.

Watch this (Fiscal) Space: Assessing Room for Fiscal Maneuver in Advanced Countries

Jonathan D. Ostry | Posted 05.25.2011 | Business
Jonathan D. Ostry

Public debt sustainability in most advanced economies used to be a non-issue, or at most a back-burner one. A couple years back, if the topic came up,...