Tag Archive for Sovereign Credit Ratings

Book Review: Reputation and International Cooperation: Sovereign Debt across Three Centuries

It’s all about reputation.  That’s the argument Stanford professor Michael Tomz makes – and credibly supports – in this 241 page work.  Released in 2007 before the financial crisis, Reputation and International Cooperation:  Sovereign Debt across Three Centuries is a serious but readable academic study of sovereign debt that says a lot about how sovereign…


Why Hyper-Inflation Fears are Exaggerated

It’s in vogue for commentators to warn that the booming federal deficit will cause hyperinflation.  However, these commentators rarely acknowledge counterbalancing forces that make this scenario—out of control inflation far beyond run-of-the-mill price increases—unlikely. The first flaw in these alarmist arguments is the presumption that the budget deficit the United States is now running is…