Silvia Pepino's arguments are highly appreciable and well-researched. The methodologies that she employs and the empirical evidences that she presents qualify the work to claim an inimitable status. - Rajeesh Kumar, Jawaharlal Nehru University, India Sovereign debt crises are relatively rare events, particularly among advanced democracies. In this careful and original ... Read morestudy of the pivotal Eurozone crisis, Silvia Pepino shows in detail how domestic and international political factors shape market perceptions of sovereign risk. This book should be read by all those interested in how markets and politics interrelate. - Andrew Walter, University of Melbourne, Australia This is an important, as well as obviously timely, advance in our understanding of investor perceptions of sovereign credit risk in general and the Euro area crisis in particular. By demonstrating that the focus of investment analysis can change over time, and broaden as default becomes a possibility, Pepino contributes to a necessary move beyond the developed / emerging market dichotomy. - Iain Hardie, University of Edinburgh, UK The North-Atlantic financial crisis of 2007-8 has thrown up new research questions. One such question is how high-income countries within a hard currency area could become the target of speculative financial attacks typical of emerging markets. This book makes a timely and well-researched contribution to answering this question. It provides evidence that political news played more of a role in these attacks than received wisdom has it. - Waltrauld Schelkle, London School of Economics and Political Science, UK Show Less