Credit risk models alone do not capture sovereign risk – Nicholas Spiro profile

The sovereign specialist

Nicholas Spiro, Spiro Sovereign Strategy

Ever since the financial crisis bred Europe’s sovereign debt crisis, investors and economists have been training their eyes on sovereign risk across the eurozone, thus departing from the long-held view that political risk was an issue solely for emerging markets, not developed ones.

Nicholas Spiro, managing director of Spiro Sovereign Strategy, believes not only that this shift was long overdue, but that one needs to consider a country’s own economic personality as well as simply look at the

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