Credible Sovereign Ratings: Beyond Statistics and Regulations

This blog article summarizes a recent article published in the European Business Law Review. Reference: Norbert J. Gaillard, “Credible Sovereign Ratings: Beyond Statistics and Regulations”, European Business Law Review, 28(1), Continue ReadingCredible Sovereign Ratings: Beyond Statistics and Regulations

When Sovereigns Go Bankrupt

This article summarizes the book “When Sovereigns Go Bankrupt” (Gaillard 2014), which provides a fresh analysis of how to cope with sovereign risk in the context of a rising likelihood Continue ReadingWhen Sovereigns Go Bankrupt

How Moody’s has drawn the lessons from the Eurozone debt crisis

Credit rating agencies have historically failed to anticipate the public debt crises in rich countries. This Wikirating blog article describes how Moody’s sovereign rating methodology has been modified in the Continue ReadingHow Moody’s has drawn the lessons from the Eurozone debt crisis

Eurozone, Sovereign Ratings and Bond Yields

This column explains how and why sovereign ratings and bond yields failed to anticipate the Eurozone debt crisis. It also argues that, paradoxically, sovereign ratings are now valuable risk indicators Continue ReadingEurozone, Sovereign Ratings and Bond Yields