Sovereign Risk and Financial Crises

  • Michael Frenkel
  • Alexander Karmann
  • Bert Scholtens

Table of contents

  1. Front Matter
    Pages I-XII
  2. Sovereign Risk

    1. Front Matter
      Pages 1-1
    2. Alexander Karmann, Dominik Maltritz
      Pages 51-74
    3. Amadou N. R. Sy
      Pages 75-88
    4. Udo Broll, Michael B. Gilroy
      Pages 113-124
  3. Financial Crises

  4. Back Matter
    Pages 257-258

About this book


Sovereign risk and financial crises play a key role in current international economic developments, particularly in the case of economic downturns. As the Asian economic crisis in the late 1990s revealed once again, financial crises are the rule rather than the exception in capitalist economies. The event also revealed that international public debt agreements are contingent claims. In a world of increasing economic interdependencies, the issues of financial crises and country defaults are of critical importance. This volume goes to the heart of the academic discussion on sovereign risk and financial crises by centering on quantitative-empirical aspects, evaluating prominent approaches, and by proposing new methods. Part I of the volume identifies key factors and processes that are central in analyzing sovereign risk while Part II focuses on the determinants and effects of financial crises.


Contagion Finance Financial Crises Funds Sovereign Risk credit risk derivatives economic development financial market financial markets international finance rating

Editors and affiliations

  • Michael Frenkel
    • 1
  • Alexander Karmann
    • 2
  • Bert Scholtens
    • 3
  1. 1.WHU KoblenzVallendarGermany
  2. 2.Department of EconomicsDresden University of TechnologyDresdenGermany
  3. 3.Department of FinanceUniversity of GroningenGroningenThe Netherlands

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 2004
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-06080-9
  • Online ISBN 978-3-662-09950-6
  • Buy this book on publisher's site