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Sovereign Risk Ceilings: Rethinking Credit Assessment Through Risk Disaggregation
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Financing Climate & Sustainable Development / Report

Sovereign Risk Ceilings: Rethinking Credit Assessment Through Risk Disaggregation

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.

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FDI Perspective No 132: “Germany, the Transatlantic Trade and Investment Partnership and investment-dispute settlement: Observations on a paradox,” by Ralph Alexander Lorz

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The TTIP and its ISDS provisions have come under pressure from countries that have embraced free trade agreements and investment protection, most notably Germany. The new political environment in Germany entails a major hazard for the agreement and will likely compel the sacrifice of ISDS to save its substance.

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