Are sovereign defaults a big deal?
Sovereign default is nothing special. At least that should be the conclusion of the table constructed by The Economist on external sovereign defaults. Some countries tend to default more often than others, so the surprise effect of a Venezuela or Argentina default, for example, is probably limited. However, others like Brazil and Turkey also know what it is to default, although it has been a while. According to Investopedia there are a number of countries that have never defaulted, these include Canada, Denmark, Belgium, Finland, Malaysia, Mauritius, New Zealand, Norway, Singapore, Switzerland and England.
As a senior portfolio manager I use charts to illustrate financial issues every day. I tweet my favorites as @jsblokland and was named one of the ‘50 Twitter accounts for investors 2017’ by MarketWatch.
Previous editions of the daily sketch can be found on my personal financial markets blog. All graphics provided are collected from Bloomberg data and public websites. They do not always reflect my personal opinion and may also not necessarily reflect the opinion of Robeco. Please cite all references or quote the original source if replicating content.
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