It is often argued that cooperation in the East-West-South triangle may become a very promising way of intensification of the international economic relations. After a contribution from the Western point of view in our journal (Klaus Bolz, No. 11/1976) the following article from the East deals...

Competence behind sovereign ratings is crucial, given that the government bond market may be vulnerable to multiple equilibria and self-fulfilling prophecies. With this in mind, this paper reviews and scrutinises official Standard & Poor's publications that address key issues surrounding the...