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Sovereign bonds are seen as the main source of financing for central and local government and they also play a fundamental role in the global financial system. However sovereign bonds can be very risky because if the country of origin is not having financial stability, the risks in relation to the sovereign bonds can be spread to broader financial markets which could lead to the deterioration of the economy. During the euro zone financial crisis problems in sovereign debt market had spread from Greece, Ireland and Portugal to Spain and Italy. Italy and Spain required 180 billion Euros to clear…mehr

Produktbeschreibung
Sovereign bonds are seen as the main source of financing for central and local government and they also play a fundamental role in the global financial system. However sovereign bonds can be very risky because if the country of origin is not having financial stability, the risks in relation to the sovereign bonds can be spread to broader financial markets which could lead to the deterioration of the economy. During the euro zone financial crisis problems in sovereign debt market had spread from Greece, Ireland and Portugal to Spain and Italy. Italy and Spain required 180 billion Euros to clear off its sovereign debt by the end of 2012. The euro zone banking sector faced a severe funding crisis.The scope of the book includes the pre and post situation in Argentina in respect of the crisis, the issues faced by it on the legal and financial front and the policies enforced by the government. Although sovereign bond is seen as an alternative source to bank finance, the risk associatedwith it is a major barrier in making it a reliable alternative. The book sheds light on how emerging market countries need to be more cautious with public debt.
Autorenporträt
Saranya Mohan, Indian, a Dubai born and raised individual who is a LLM & LLB graduate from UK. Studied LLM in International Corporate Governance & Financial Regulation from University of Warwick and LLB from Birmingham City University respectively. Working as an associate at Khalifa Bin Huwaidan Advocates & Legal Consultants at Dubai, UAE.