Although credit rating agencies have gradually moved away from a policy of never rating a private borrower above the sovereign (the ""sovereign ceiling"") it appears that sovereign ratings remain a significant determinant of the credit rating assigned to corporations. We examine this link using...

Although credit rating agencies have gradually moved away from a policy of never rating a corporation above the sovereign (the 'sovereign ceiling'), it appears that sovereign credit ratings remain a significant determinant of corporate credit ratings. We examine this link using data for advanced...

Although credit rating agencies have gradually moved away from a policy of never rating a private borrower above the sovereign (the "sovereign ceiling") it appears that sovereign ratings remain a significant determinant of the credit rating assigned to corporations. We examine this link using...

Although credit rating agencies have gradually moved away from a policy of never rating a private borrower above the sovereign (the sovereign ceiling) it appears that sovereign ratings remain a significant determinant of the credit rating assigned to corporations. We examine this link using data...

Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of Belizes public finance to the occurrence of hurricanes and...

This is an update and revision of our 2009 study. Using a broad dataset and an original methodology, this paper reports composite development gaps across economic, social and institutional sectors. We define development gap as the distance between the observed and the expected development level...

This is an update and revision of our 2009 study. Using a broad dataset and an original methodology, this paper reports composite development gaps across economic, social and institutional sectors. We define development gap as the distance between the observed and the expected development level...