Afonso, António (contributor); Gomes, Pedro (contributor); … - 2007
international financial market and therefore of its borrowing costs. Second, the
sovereign rating may have a constraining impact on … crisis which
was perceived by market participants as revealing previously underestimated risks to
sovereign sustainability …, Houghton Street, London WC2A 2AE, United Kingdom; e-mail: p.gomes@lse.ac.uk. CIEF – Centre for Research on
Financial Economics …