How Does Geopolitics Affect Sovereign Defaults? Some Evidence From Sub-Saharan Africa

“The advantage of the ICRG rating is that it presents a comprehensible risk structure including liquidity, solvency, macroeconomic and external shocks that affect the probability of sovereign default for a given country using 22 risk components within 3 subcategories of risk indices…”
W Gbohoui, R Ouedraogo and Y Modeste
SUB-SAHARAN AFRICA’S RISK PERCEPTION PREMIUM. IN THE
SEARCH OF MISSING FACTORS. IME WORKING PAPER SERIES
WP/25/130
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