Search research 2018-03-06T15:26:53+00:00
1903, 2018

Inequality, Human Capital and Growth

March 19th, 2018|Comments Off on Inequality, Human Capital and Growth

Inequality, Human Capital and Growth Economists are increasingly focusing on the links between inequality and economic growth. This growing literature, though sometimes contradictory, has highlighted a material relationship. Yet, few authors have thoroughly analysed […]

1903, 2018

Effects of the Integration of “Energy-Climate-Natural Resources” Determinants in the Country Risk Methodology

March 19th, 2018|Comments Off on Effects of the Integration of “Energy-Climate-Natural Resources” Determinants in the Country Risk Methodology

Effects of the Integration of “Energy-Climate-Natural Resources” Determinants in the Country Risk Methodology The Beyond Ratings country risk proprietary methodology is based on five pillars of analysis, of which the Energy-Climate-Natural Resources (ECR) pillar […]

2612, 2017

Reconciling Finance and Sustainable Development: Take the ESG Corner!

December 26th, 2017|Comments Off on Reconciling Finance and Sustainable Development: Take the ESG Corner!

Reconciling Finance and Sustainable Development: Take the ESG Corner! The “One Planet Summit” held on December 12 in Paris was concluded with the publication of 12 international commitments. Some of these announcements come from different […]

2612, 2017

Socio-economic risks from falling fish catch

December 26th, 2017|Comments Off on Socio-economic risks from falling fish catch

Socio-economic risks from falling fish catch This week we would like to shed light on an often-overlooked climate issue, i.e. climate change impacts on marine catch potential. Socio-economic risks from falling fish catch   Of […]

2612, 2017

“The biggest in history” said President Trump!

December 26th, 2017|Comments Off on “The biggest in history” said President Trump!

“The biggest in history” said President Trump! On Wednesday, December 20th, Senate Republicans passed the most extensive rewrite of the United States tax code in more than 30 years, a bill that delivers a deep, […]

2612, 2017

My tailor is rich…indeed he comes from USA!

December 26th, 2017|Comments Off on My tailor is rich…indeed he comes from USA!

My tailor is rich…indeed he comes from USA! Recently published study from Crédit Suisse shows that world wealth grew by 6.4% between 2016 and 2017 (Global Wealth Report) reaching a record in terms of wealth […]

2112, 2017

Research Note – How ESG Can Improve Sovereign Yield Performance Analysis

December 21st, 2017|Comments Off on Research Note – How ESG Can Improve Sovereign Yield Performance Analysis

Research Note – How ESG Can Improve Sovereign Yield Performance Analysis Traditional GDP statistics and macro-financial indicators do not account for the whole performance of an economy. While complementary metrics have been developed over the […]

1611, 2017

Upgrade of Spain’s score to EEE- from EE+ and changed outlook to stable from positive

November 16th, 2017|Comments Off on Upgrade of Spain’s score to EEE- from EE+ and changed outlook to stable from positive

Upgrade of Spain’s score to EEE- from EE+ and changed outlook to stable from positive Paris, November 16, 2017 – Beyond Ratings has upgraded Spain’s long-term score to EEE- from EE+ and changed outlook to […]

811, 2017

The mosquito has left the room and it is not something to be happy about

November 8th, 2017|Comments Off on The mosquito has left the room and it is not something to be happy about

The mosquito has left the room and it is not something to be happy about Last October, a group of entomologists from the Krefeld Entomological Society near Dusseldorf published a new study, where they announced […]

2010, 2017

« Potential unexpected consequences of the expected failure of the Saudi Aramco IPO”

October 20th, 2017|Comments Off on « Potential unexpected consequences of the expected failure of the Saudi Aramco IPO”

« Potential unexpected consequences of the expected failure of the Saudi Aramco IPO” Since its announcement in early 2016, the prospect of Saudi Aramco’s IPO has emerged as an evidence for most observers and analysts. Only […]

1210, 2017

19th National Congress of the Communist Party of China: Xi, Xi, Xi, Xi and Xi!

October 12th, 2017|Comments Off on 19th National Congress of the Communist Party of China: Xi, Xi, Xi, Xi and Xi!

19th National Congress of the Communist Party of China: Xi, Xi, Xi, Xi and Xi! On Wednesday, October 18th, the 19th National Congress of the Communist Party of China will very likely see President Xi […]

610, 2017

What if there was an EU carbon border tax?

October 6th, 2017|Comments Off on What if there was an EU carbon border tax?

What if there was an EU carbon border tax? “We should have a European carbon tax on carbon, it is crucial.” French President Emmanuel Macron’s proposal made during his Sorbonne speech on Europe last week […]

2809, 2017

France seeks to revive the European project, while Germany hesitates

September 28th, 2017|Comments Off on France seeks to revive the European project, while Germany hesitates

In the aftermath of Emmanuel Macron’s speech on Europe, the German press warned that there might be a major obstacle in the revival of the European project: the FDP, the liberal party with which Angela […]

2109, 2017

The Fed seems on track to achieve its monetary policy normalization

September 21st, 2017|Comments Off on The Fed seems on track to achieve its monetary policy normalization

On Wednesday, September 20th, the Fed left interest rates unchanged but FOMC members signalled they still expect one more hike by year end despite a recent bout of low inflation. The big news, however, is […]

2908, 2017

Upgrade of Portugal’s score to EEE- from EE+ and changed outlook to stable from positive

August 29th, 2017|Comments Off on Upgrade of Portugal’s score to EEE- from EE+ and changed outlook to stable from positive

Upgrade of Portugal’s score to EEE- from EE+ and changed outlook to stable from positive Paris, August 29, 2017 – Beyond Ratings has upgraded Portugal’s long-term score to EEE- from EE+ and changed outlook to […]

2006, 2017

Analyst’s Insight: Fed funds hike – do old pipes really give the sweetest smoke?

June 20th, 2017|Comments Off on Analyst’s Insight: Fed funds hike – do old pipes really give the sweetest smoke?

Analyst’s Insight: Fed funds hike – do old pipes really give the sweetest smoke? On Wednesday June 14th, the Federal Reserve (Fed) has raised short-term interest rates for only the fourth time in more than […]

1206, 2017

Analyst’s Insight: The Trump Administration – from climate Scylla to energy Charabis

June 12th, 2017|Comments Off on Analyst’s Insight: The Trump Administration – from climate Scylla to energy Charabis

The Trump Administration – from climate Scylla to energy Charabis It was expected that the Trump administration would not waste time in implementing his campaign promises. In fact, within a few months, a handful of […]

2704, 2017

Effects of integration of ECR (Energy, Climate, Resources) determinants

April 27th, 2017|Comments Off on Effects of integration of ECR (Energy, Climate, Resources) determinants

What effects of the integration of “Energy-Climate-Natural Resources” determinants in the country risk methodology? The Beyond Ratings country risk proprietary methodology is based on five pillars of analysis, of which the Energy-Climate-Natural Resources (ECR) pillar is the […]

2103, 2017

Social Performance and States Economic Growth

March 21st, 2017|Comments Off on Social Performance and States Economic Growth

Social Performance and States Economic Growth A substantial academic literature, yet sometimes contradictory, describes the ambivalent links between economic growth on the one hand and non-financial aspects of human development such as health or education […]

103, 2017

Allocation methodology of national climate budgets

March 1st, 2017|Comments Off on Allocation methodology of national climate budgets

Allocation methodology of national climate budgets While the Paris COP21 and the Marrakech COP22 have sent a strong signal as to the degree of commitment of the different stakeholders to the climate issue, there is […]

2403, 2015

Vanuatu disaster prompts calls for climate change action

March 24th, 2015|Comments Off on Vanuatu disaster prompts calls for climate change action

As neighbouring countries like Australia fly aid into the country, talk is quickly turning to the role played by climate change in the disaster. The cyclone hit while Vanuatu’s president, Baldwin Lonsdale, was in Sendai, […]

2403, 2015

Moody’s: Stable credit outlook for euro area sovereigns, but Grexit and deflation present downside risks

March 24th, 2015|Comments Off on Moody’s: Stable credit outlook for euro area sovereigns, but Grexit and deflation present downside risks

The credit outlook for most euro area countries is stable, balancing the moderate economic recovery under way, which is supported by lower commodity prices and the impact of quantitative easing by the European Central Bank […]

2403, 2015

China probes top executive of state energy giant CNPC

March 24th, 2015|Comments Off on China probes top executive of state energy giant CNPC

Shanghai (AFP) – A top executive of China National Petroleum Corp, the country’s biggest energy company, has been put under investigation, authorities said as the Communist Party’s anti-corruption drive targets more state firms. Source: Business […]

2403, 2015

President Obama Advances Energy Efficiency In New Executive Order

March 24th, 2015|Comments Off on President Obama Advances Energy Efficiency In New Executive Order

Today marks a tremendous step forward in the Alliance to Save Energy’s quest to double U.S. energy productivity by 2030 with the issuance of a presidential Executive Order calling for massive reductions in energy and […]

2403, 2015

Portugal says it has paid back 22 pct of IMF bailout loans

March 24th, 2015|Comments Off on Portugal says it has paid back 22 pct of IMF bailout loans

Portugal has started repaying its bailout loans from the IMF, reimbursing 6.6 billion euros (4.7 billion pound), or 22 percent of the total owed, in the past week thanks to record-low bond yields, the state […]

2403, 2015

Study Examines Banking Vulnerabilities’ Impact On Public Debt

March 24th, 2015|Comments Off on Study Examines Banking Vulnerabilities’ Impact On Public Debt

– Bank vulnerabilities can foreshadow big costs for government budgets – Pre-crisis bank characteristics, crisis management policies matter – Better information, fiscal policy, tax policy can limit banking stress effects MF staff has identified several […]

2403, 2015

China Doubles Down on Nuclear Energy, at Home and Abroad

March 24th, 2015|Comments Off on China Doubles Down on Nuclear Energy, at Home and Abroad

In February, China’s State Council announced the approval of two new nuclear reactors at the Hongyanhe nuclear power plant in the northeastern province of Liaoning, underscoring Beijing’s intention to move forward with an ambitious nuclear […]

2403, 2015

Athens opposes EU energy strategy, blocks privatisations

March 24th, 2015|Comments Off on Athens opposes EU energy strategy, blocks privatisations

The Syriza-led government will be against an Energy Union that undermines Greece’s national interests, including in its relations with Russia, said Greek energy minister Panagiotis Lafazanis, who also ruled out any privatisation schemes for the […]

2403, 2015

Egypt, Plagued by Energy Bureaucracy, Highlights New Investment

March 24th, 2015|Comments Off on Egypt, Plagued by Energy Bureaucracy, Highlights New Investment

Egypt’s effort to revive its stagnant energy industry has attracted billions of dollars in new investment recently, but the country still has to address bureaucratic and legal hurdles before it becomes an attractive business hub, […]

2403, 2015

OECD warns of downside risks for mainland China economic growth

March 24th, 2015|Comments Off on OECD warns of downside risks for mainland China economic growth

The mainland’s economic growth will remain “moderate” over the next two years, but faces risks on the downside, while a sharper than projected slowdown would have global spillovers, the Organisation for Economic Co-operation and Development […]

2403, 2015

Egypt back in vogue, but still a high-risk investment

March 24th, 2015|Comments Off on Egypt back in vogue, but still a high-risk investment

A return to the international capital markets in April is whetting the appetite of yield-hungry investors eager to snap up the $1.5 billion Eurobond likely to herald the first in a series of market offerings. […]

2403, 2015

Energy firms BG, Woodside to invest $1.1 billion in four Myanmar blocks – ministry official

March 24th, 2015|Comments Off on Energy firms BG, Woodside to invest $1.1 billion in four Myanmar blocks – ministry official

Britain’s BG Group (BG.L) and Australia’s Woodside Petroleum Ltd (WPL.AX) will invest up to $1.08 billion (0.72 billion pounds) to explore for oil and gas in four blocks off the coast of Myanmar’s western Rakhine […]

2403, 2015

Hydropower and the Challenge of Climate Change

March 24th, 2015|Comments Off on Hydropower and the Challenge of Climate Change

Clean hydroelectric plants are meant to help the world fight global warming. But what happens when climate change clouds hydro’s own future? Source: Foreign Policy, 16/03/2015

1603, 2015

Columbia Law School Creates Database of Climate Change Laws of the World

March 16th, 2015|Comments Off on Columbia Law School Creates Database of Climate Change Laws of the World

The Columbia Law School Sabin Center for Climate Change Law has created a comprehensive database with links to climate laws and policies around the globe. The collection currently includes information for more than 100 countries, […]

1603, 2015

Calculating the Cost of River Floods in an Age of Climate Change

March 16th, 2015|Comments Off on Calculating the Cost of River Floods in an Age of Climate Change

A new interactive tool estimates the economic, urban, and demographic risks through 2030. According to the World Resources Institute, river floods affect 21 million people in the world every year. In 2030, that number could […]

1603, 2015

LatAm bond markets: Currencies’ depreciation will test local appetite

March 16th, 2015|Comments Off on LatAm bond markets: Currencies’ depreciation will test local appetite

International investors are increasingly looking at Latin America’s local currency markets, but foreign exchange volatility makes the buyside wary of losing any potential gains, as has happened with some recent deals. The mixture of currency […]

1603, 2015

Greece demands Nazi war reparations and German assets seizures as creditor squeeze continues

March 16th, 2015|Comments Off on Greece demands Nazi war reparations and German assets seizures as creditor squeeze continues

Greece’s prime minister has demanded Germany pay back more than €160bn (£112bn) in Second World War reparations as his country is squeezed by creditors to overhaul its economy in return for vital bail-out funds. Source: […]

1603, 2015

IMF warns over Ukrainian debt restructuring plan

March 16th, 2015|Comments Off on IMF warns over Ukrainian debt restructuring plan

The IMF has warned that holdouts could disrupt Ukraine’s debt restructuring and undermine the ability to implement a new high-risk €37 billion bailout plan for the country. Source: RTE News, 12/03/2015

1603, 2015

Kerry: ‘Energy Policy’ the Solution to Climate Change

March 16th, 2015|Comments Off on Kerry: ‘Energy Policy’ the Solution to Climate Change

Nine months away from a U.N. summit in Paris, Secretary of State John Kerry on Thursday delivered a forceful call to confront and curb global warming. Climate change ranks alongside terrorism, disease epidemics and poverty […]

1603, 2015

Kenya seeks to develop 19 priority energy projects

March 16th, 2015|Comments Off on Kenya seeks to develop 19 priority energy projects

Kenya has identified 19 high priority renewable energy projects whose development will be fast tracked in the next five years, a government official said on Thursday. “Feasibility studies on the projects have been completed and […]

1603, 2015

Low oil prices to cut Egypt’s energy subsidy bill

March 16th, 2015|Comments Off on Low oil prices to cut Egypt’s energy subsidy bill

Falling oil prices would help Egypt significantly cut its energy subsidy bill for the current fiscal year and reduce payments it will make to international companies operating in the country, Egypt’s Oil Minister Sherif Ismail […]

1603, 2015

As Vanuatu suffers from cyclone, more urgency needed on climate: World Bank

March 16th, 2015|Comments Off on As Vanuatu suffers from cyclone, more urgency needed on climate: World Bank

Despite ominous predictions of mass devastation in cyclone-wrecked Vanuatu, policymakers at a UN disaster meeting in Japan do not seem to understand the pressing need to tackle climate change, the World Bank warned Sunday. Source: The […]

1603, 2015

Pakistan: Breaking debt prison

March 16th, 2015|Comments Off on Pakistan: Breaking debt prison

Pakistan’s obligations on external and domestic debt will increase as the government has failed to broaden the tax base and reduce expenditure. Source: The News on Sunday, 15/03/2015

1603, 2015

Poor nations to need $400bn a year: study

March 16th, 2015|Comments Off on Poor nations to need $400bn a year: study

Developing countries should receive between $US400bn and $US2tn per year from rich countries by 2050 to help them cut greenhouse gas emissions, according to a new paper published today by the Grantham Research Institute on […]

903, 2015

From bust to boom: How the world became addicted to debt

March 9th, 2015|Comments Off on From bust to boom: How the world became addicted to debt

$27 trillion. That’s the amount global public debt has grown by since the financial crisis gripped the world eight years ago, according to the McKinsey Global Institute. By and large, the story of the world […]

803, 2015

Europe Promises To Cut Emissions by 40% Within 15 years

March 8th, 2015|Comments Off on Europe Promises To Cut Emissions by 40% Within 15 years

The European Union Friday submitted a formal pledge to the United Nations stating how much it is willing to reduce greenhouse gas emissions ahead of climate change talks in Paris later in the year. As […]

603, 2015

Fitch: ‘Grexit’ Remains Possible, But Systemic Crisis Unlikely

March 6th, 2015|Comments Off on Fitch: ‘Grexit’ Remains Possible, But Systemic Crisis Unlikely

The eurozone would suffer a significant shock if Greece left, but it would be unlikely to trigger a systemic crisis like that in 2012, or another country’s rapid exit, Fitch Ratings says. The immediate risk […]

503, 2015

Latest Ernst & Young Renewable Energy Country Attractive Index Loves Africa

March 5th, 2015|Comments Off on Latest Ernst & Young Renewable Energy Country Attractive Index Loves Africa

Ernst & Young has released its quarterly Renewable Energy Country Attractiveness Index report, and it’s good news for emerging regions like India and Sub-Saharan Africa, with both seeing massive increases in growth and investment. Source: Clean […]

503, 2015

31 largest U.S. banks can withstand a severe recession, Federal Reserve says

March 5th, 2015|Comments Off on 31 largest U.S. banks can withstand a severe recession, Federal Reserve says

The nation’s 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. Results of the Fed’s annual “stress tests” show that as a […]

403, 2015

With Negative Rates, Europe Is Entering a No-Default World

March 4th, 2015|Comments Off on With Negative Rates, Europe Is Entering a No-Default World

European sovereign nations have issued debt with negative returns, with Austria being the most recent. Some European corporations have gone negative in the market, but the issuer does not benefit from that. And the sovereign […]

403, 2015

Falling oil prices push political risk

March 4th, 2015|Comments Off on Falling oil prices push political risk

Oil producing countries have experienced a rise in political risk, finds Aon’s 2015 political risk map, which focuses on emerging markets. Only seven countries managed to reduce risk compared to last year, while the commodity […]

303, 2015

New oil pipeline highlights China’s effort to strengthen energy security

March 3rd, 2015|Comments Off on New oil pipeline highlights China’s effort to strengthen energy security

China has constructed a pipeline to pump crude oil from the Bay of Bengal to southern China through Myanmar as part of an effort to ease its reliance on the pirate-ridden Malacca Strait. China also […]

303, 2015

Ghana President Vows to Deal with Country’s Electricity Crisis

March 3rd, 2015|Comments Off on Ghana President Vows to Deal with Country’s Electricity Crisis

Ghanaian President John Dramani Mahama said his government will correct the country’s chronic electricity problem. Source: Voice of America News

303, 2015

Impotent Western Sanctions Fail To Disrupt Russian Energy Exports

March 3rd, 2015|Comments Off on Impotent Western Sanctions Fail To Disrupt Russian Energy Exports

Energy exports from Russia, in the form of coal, oil, natural gas and uranium, continue to flow unimpeded, despite Western efforts to damage the Russian economy for interfering in Ukraine. Source: Oilprice.com, 03/03/2015

303, 2015

Turkey Aims to Become Energy Hub for Russian Gas

March 3rd, 2015|Comments Off on Turkey Aims to Become Energy Hub for Russian Gas

With Moscow declaring in the coming years that it will divert its gas supplies away from Ukraine and through Turkey to supply Europe, Ankara said it is a step closer to its goal of being […]

303, 2015

Which are the 15 most miserable countries in the world?

March 3rd, 2015|Comments Off on Which are the 15 most miserable countries in the world?

Misery will be most acute this year in Venezuela, Argentina, South Africa, Ukraine and Greece – the five most painful economies in which to live and work, according to Bloomberg’s ‘misery index’ for 2015. Source: The […]

203, 2015

Public debt not a problem yet for India, says Rajan

March 2nd, 2015|Comments Off on Public debt not a problem yet for India, says Rajan

Reserve Bank of India Governor Raghuram Rajan, on Monday, said government debt was not yet a problem for India even as Standard & Poor’s stated that high government debt was putting the sovereign rating under […]

203, 2015

Europe Unlikely to Meet Climate Goal, Study Finds

March 2nd, 2015|Comments Off on Europe Unlikely to Meet Climate Goal, Study Finds

The European Union will fail to meet an ambitious goal of significantly reducing greenhouse gas emissions by 2050 unless it takes more aggressive measures to limit the use of fossil fuels and adopts new environmental […]

203, 2015

Romania Natural Gas: Country Cuts Imports Of Russian Fuel By 61%

March 2nd, 2015|Comments Off on Romania Natural Gas: Country Cuts Imports Of Russian Fuel By 61%

Romania is using less natural gas now than at any time in the past 10 years, and it is looking to expand domestic exports, reducing its reliance on gas supplied by Russian giant Gazprom, according […]

203, 2015

Moody’s: Economic corridor to China to boost investments in Pakistan, ease energy crisis

March 2nd, 2015|Comments Off on Moody’s: Economic corridor to China to boost investments in Pakistan, ease energy crisis

Pakistan’s commitment to materialise the China-Pakistan economic corridor is a credit positive for the slagging south Asian country, as the project will increase investment activity remarkably, Moody’s Investors Service said on Monday. Source: Moody’s, 02/03/2015

103, 2015

Public Debt Management Agency will bring India’s external and domestic debt under one roof: Jaitley

March 1st, 2015|Comments Off on Public Debt Management Agency will bring India’s external and domestic debt under one roof: Jaitley

The government’s intention to set up a Public Debt Management Agency (PDMA) is not only required for the development of the bond market in the country, but it would also prevent leakages of public funds. […]

2702, 2015

Is Banks’ Home Bias Good or Bad for Public Debt Sustainability?

February 27th, 2015|Comments Off on Is Banks’ Home Bias Good or Bad for Public Debt Sustainability?

Motivated by the recent increase in domestic banks’ holdings of domestic sovereign debt (i.e., home bias) in the European periphery, this paper analyzes implications of banks’ home bias for the sovereign’s debt sustainability. The main […]

2702, 2015

The EU’s plan for an energy union would call Vladimir Putin’s bluff

February 27th, 2015|Comments Off on The EU’s plan for an energy union would call Vladimir Putin’s bluff

A pan-European energy alliance would help deal with Russia, strengthen Europe strategically, and allow us to tackle climate change Source: The Guardian

2402, 2015

Ambitious EU blueprint for energy union to loosen Russian grip on gas

February 24th, 2015|Comments Off on Ambitious EU blueprint for energy union to loosen Russian grip on gas

Maroš Šefčovič to announce plan on Wednesday for single energy market – including an alternative pipeline – expected to meet scepticism from members Source: The Guardian  

1502, 2015

Corporate debts : emerging bubbes

February 15th, 2015|Comments Off on Corporate debts : emerging bubbes

A decade ago, the market for EM hard currency corporate bonds hardly existed. Today, it is bigger than the US high-yield corporate bond market, an asset class familiar to investors for decades, and more than […]

902, 2015

Electricity shortfall drains Rouhani’s growth drive

February 9th, 2015|Comments Off on Electricity shortfall drains Rouhani’s growth drive

“It is absolutely wrong to think we can achieve economic growth without having sufficient electricity production,” Hamid Chitchian, Iran’s energy minister, warned recently. “The electricity sector has consistently been weakened over the past five years […]

301, 2015

Putin’s Power Projection: It’s All About Energy and the Black Sea

January 3rd, 2015|Comments Off on Putin’s Power Projection: It’s All About Energy and the Black Sea

Russia’s president knows exactly what he wants, and it’s not eastern Ukraine. His interests are all about oil and gas and supply routes. The rest is smoke and mirrors. Source: The Daily Beast

Free Weekly Digest

Sign up for our free Weekly Digest and receive insightful analysis on risk drivers that impact countries' economies and the sovereign bonds asset class.

Sign up