Properly pricing country risk: a model for pricing long-term fundamental risk applied to central and eastern European countries
The private sector has used proxies such as sovereign credit ratings, spreads on sovereign bonds and spreads on sovereign credit default swaps (CDS) to gauge country risk, even though these measures are pricing the risk of default of government bonds, which is different from the risks facing private...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Institute of Public Finance
2010-09-01
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| Series: | Financial Theory and Practice |
| Subjects: | |
| Online Access: | http://www.ijf.hr/eng/FTP/2010/3/revoltella-mucci-mihaljek.pdf |