Sovereign Finance: Markets, Policy and Practice

4 Credits.

This course provides a rigorous, practitioner-oriented introduction to developed and emerging sovereign finance and fixed-income markets. It covers the full universe of sovereign instruments, bond mathematics, market structure, sovereign credit and macroeconomic analysis, investment strategy, debt sustainability, sustainable finance, sovereign debt management, multilateral support mechanisms, the geopolitics of sovereign borrowing, the legal architecture of debt contracts, and sovereign crises and restructuring. It is designed to equip students for careers in sovereign debt investing, debt management offices, multilateral institutions, international economic policy, and multinational banking. Prerequisites: Corporate Finance or equivalent.