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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. 34: “The backstory of China and India’s growing investment and trade with Africa: Separating the wheat from the chaff,” by Harry G. Broadman.

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Common misconceptions about China’s and India’s increasing FDI in Africa have arisen because of a lack of systematic evidence-based analysis. Empirically-derived data, including on comparator countries, need to be rigorously analysed within an objective and coherent framework so that policy conclusions can be drawn which will benefit the many stakeholders involved.

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

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