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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. 50: “Responsible business conduct: Re-shaping global business,” by John Evans.

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The Guidelines for Multinational Enterprises of the Organisation for Economic Co-operation and Development (OECD) were updated in 2011. Trade unions are calling on the OECD and the 42 adhering governments to ensure that the new Guidelines help close the global governance gaps that leave millions of workers around the world facing hardship and insecurity and denied access to their fundamental rights.

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