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Sovereign Risk Ceilings: Rethinking Credit Assessment Through Risk Disaggregation
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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. 211: “NAFTA 2.0: a way forward for the investment chapter,” by Mélida Hodgson

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The contentious NAFTA negotiations have yet to produce a concrete proposal for the investment chapter. The Trans-Pacific Partnership investment chapter, an improvement over NAFTA, can be enhanced to create a modern chapter that balances national interests. This Perspective offers some ideas of how to get there.

A translation in Mandarin is also available via the “Download Resources” button.

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