An intelligent analysis of the dangers, opportunities, and consequences of global sovereign debt Sovereign debt is growing internationally at a terrifying rate, as nations seek to prop up their collapsing economies. One only needs to look at the sovereign risk pressures faced by Greece, Spain, and Ireland to get an idea of how big this problem has become. Understanding this dilemma is now more important than ever, that's why Robert Kolb has compiled Sovereign Debt. With this book as your guide, you'll gain a better perspective on the essential issues surrounding sovereign debt and default through discussions of national defaults, systemic risk, associated costs, and much more. Historical studies are also included to provide a realistic framework of reference. * Contains up-to-date research and analysis on sovereign debt from today's leading practitioners and academics * Details the dangers of defaults and their associated systemic risks * Explores the past, present, and future of sovereign debt The repercussions of a national default are all-encompassing as global markets are intricately interwoven in the modern world. Sovereign Debt examines what it will take to overcome the challenges of this market and how you can deal with the uncertainty surrounding it.

InhaltsangabeSovereign debt-borrowing by governments-has long been a feature of world finance. And while this type of activity affects everyone in society, it rarely garners much attention-that is, until problems within this area arise. Today, issues regarding sovereign debt are more important than ever, especially since these concerns promise to become a more prominent part of the financial landscape. That's why Robert Kolb, one of today's most respected academics and editor of the Robert W. Kolb Series in Finance, has created Sovereign Debt. Consisting of contributed chapters from leading minds in the worlds of finance, government, and academia, this timely guide offers you a comprehensive understanding of how sovereign debt works and how it affects our world. Divided into seven comprehensive sections, each preceded by a brief essay on the topic, this volume takes an in-depth look at the key themes surrounding sovereign debt-including the economic difficulties and societal challenges faced by many of the most "successful" nations, defaults and restructurings, and the role of sovereign debt in the globalized financial arena-and addresses how understanding these, and many other issues, are essential to future financial and societal stability. Representing today's most cutting-edge thinking on sovereign debt, this reliable resource: * Provides insights into some of the more dra-matic sovereign debt events in history, and offers lessons for the future management of sovereign debt * Explores the role that sovereign debt plays in the economy of a nation and how it interacts with societal aspects of a country * Discusses the costs and benefits of the financing approaches available to most nations * Examines the conditions under which defaulting nations can re-enter the market and secure new financing * Details sovereign debt in emerging markets-both as investment vehicles and in terms of fiscal management in the borrowing countries * And much more Concerns about sovereign debt have become widespread and intense, especially in light of the high-profile events related to sovereign debt, debt crises, and default that have occurred over the last few years. Filled with in-depth insights and expert analysis, this well-rounded resource will help you develop a deeper understanding of the most essential aspects of sovereign debt.

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