Where Sovereign Debt Comes From

We can better grasp the sovereign debt of advanced, emerging market, and developing economies by looking at the different groups of lenders.

How a Fake Country Fooled the Big Banks

As an emerging markets investor in 19th century South America, it was tough to find out what was really happening. At best, up-to-date news had a three month journey. Even with good winds, the round trip between London and South…