This study investigates the reaction of stock prices to sovereign debt restructurings and credit rating reviews in six frontier stock markets. The study uses the event study methodology corrected for the impact of thin trading to investigate stock market reaction to sovereign debt restructurings...

The adverse impact of sovereign debt defaults on the international financial system has occasioned intense interest in methodologies for assessing sovereign debt risk. This is manifest in an outpouring of studies, research which has uncovered the fact that the riskiness of sovereign debt is...

As we pay attention to the private sector as a conduit for growth in the Caribbean, the need for additional information on the size, composition and riskiness of their debt becomes more important. This is a critical, but less frequently discussed, component of the private sector-led growth...