Multidimensional assessment of economies by the level of sovereign risk premium
https://doi.org/10.38050/01300105202021
Abstract
The analysis of the international market for credit default swaps (CDS) shows that the interdependence of sovereign CDS spreads is increasing and the market remains segmented. However, the reduction in the variation of sovereign CDS spreads means increased competition for capital and should be taken into account by monetary authorities of developed countries when they tighten monetary policy. The article shows a significant role of political risks in determining the level of sovereign risk.
About the Authors
S. M. Drobyshevsky
Gaidar Institute; RANEPA
Russian Federation
Russian Federation
Moscow
P. V. Trunin
Gaidar Institute; RANEPA
Russian Federation
Russian Federation
Moscow
L. G. Gadiy
NRU Higher School of Economics
Russian Federation
Russian Federation
Moscow
M. E. Chembulatova
Gaidar Institute
Russian Federation
Russian Federation
Moscow
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Review
For citations:
Drobyshevsky S.M., Trunin P.V., Gadiy L.G., Chembulatova M.E. Multidimensional assessment of economies by the level of sovereign risk premium. Moscow University Economics Bulletin. 2020;(2):3-27. (In Russ.) https://doi.org/10.38050/01300105202021
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