This paper uses a risk-management approach to re-profile the sovereign debt of countries facing debt crises. Using scenario analysis we develop a risk measure of the sovereign's debt -- Conditional Debt-at-Risk -- and an optimization model is used to trace risk profiles that tradeoff expected...

This study develops an early warning signal (EWS) of government debt crisis using a panel data consisting of 43 developing countries over the period of 1960 to 2017. It employs two different methods: the noise to signal ratio to capture the signaling power of individual indicators; and the...

In this paper we unpack the possibilities and constraints facing sovereign development funds. Our focus and logic is primarily conceptual and deductive rather than directly empirical and inductive. We consider how and in what ways sovereign wealth can be employed for the purpose of economic...

This recently completed thesis provides an overview of the historical and current trends in international debt crises, especially concerning sovereign borrowing and lending practices. Particular attention is given to the rise of litigious vulture funds, as well as the possibilities of developing...

Financial actors from developing countries are playing with other OECD financial giants as equals through their Sovereign Wealth Funds (SWFs). SWFs could become major actors of development finance if they chose to allocate 10 per cent of their portfolio to emerging and developing economies over...