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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. 252: “Will the United States join the Trans-Pacific Partnership, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, or neither?,” by Adam Douglas

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This Perspective examines the conditions under which the US could re-join TPP or join CPTPP. The author notes that ratification is unlikely in the near future while observing that the US could seek to re-enter negotiations to access potential trade benefits, give effect to its investment provisions and secure influence in the Pacific Rim.

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

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