This blog was originally published on Illuminem, and has been co-authored with Rhian-Mari Thomas. She is the CEO...
Financing Climate & Sustainable Development / Report
Diagnosing how the sovereign ceiling functions as a simplifying shortcut that can obscure meaningful differences across borrowers, and proposing an alternative credit rating approach based on disaggregating sovereign risk into specific transmission channels.
This Perspective proposes that the provision of social services should be based on the characteristics of the inputs and outputs. Firms should provide only social services that are aligned with their core competencies and strategies and can generate proprietary benefits. Governments (and NGOs) should assume responsibility for other social services.
A translation in Mandarin is also available via the “Download Resources” button.
