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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. 86: “EU investment agreements and the search for a new balance: A paradigm shift from laissez-faire liberalism toward embedded liberalism?,” by Catharine Titi.

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Disenchantment with investment law’s traditional laissez-faire liberalism is influencing the EU’s investment policies. In particular, evidence suggests that future EU investment agreements will aim to emulate EU FTAs in incorporating regulatory flexibility, pointing towards a policy shift in Europe resulting from a search for a new balance.

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