This paper proposes a new approach to measure, analyze, and manage sovereign risk based on the theory and practice of modern contingent claims analysis (CCA). The paper provides a new framework for adapting the CCA model to the sovereign balance sheet in a way that can help forecast credit...

In March 2020, Robert Powell, Retirement Management Journal editor-in-chief; Zvi Bodie, PhD, president of Bodie Associates and the Norman and Adele Barron Professor Emeritus of Management at Boston University; and Stacy Schaus, founder and chief executive officer of Schaus Group LLC, spoke with...