Sovereign Debt: From Safety to Default

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.

Keywords: Kolb Series in Finance, Robert W. Kolb, Robert Kolb, sovereign debt, sovereign debt and default, national defaults, systemic risk, global sovereign debt, dangers of global sovereign debt, global debt, national debt, global economy, countries risking default, government debt restructuring, government debt, sovereign debt restructuring, sovereign debt ratings, sovereign equity, sovereign loans, sovereign credit, sovereign bankruptcy, sovereign wealth funds, sovereign debt default, world bank, bonds, international finance, European credit crisis, PIIGS, European default, national default