An intelligent analysis of the dangers, opportunities, andconsequences of global sovereign debtSovereign debt is growing internationally at a terrifying rate,as nations seek to prop up their collapsing economies. One onlyneeds to look at the sovereign risk pressures faced by Greece,Spain, and Ireland to get an idea of how big this problem hasbecome. Understanding this dilemma is now more important than ever,that's why Robert Kolb has compiled Sovereign Debt. Withthis book as your guide, you'll gain a better perspective on theessential issues surrounding sovereign debt and default throughdiscussions of national defaults, systemic risk, associated costs,and much more. Historical studies are also included to provide arealistic framework of reference.* Contains up-to-date research and analysis on sovereign debtfrom today's leading practitioners and academics* Details the dangers of defaults and their associated systemicrisks* Explores the past, present, and future of sovereign debtThe repercussions of a national default are all-encompassing asglobal markets are intricately interwoven in the modern world.Sovereign Debt examines what it will take to overcome thechallenges of this market and how you can deal with the uncertaintysurrounding it.