id	sid	tid	token	lemma	pos
cjfa-259	1	1	copernican	copernican	PROPN
cjfa-259	1	2	journal	journal	PROPN
cjfa-259	1	3	of	of	ADP
cjfa-259	1	4	finance	finance	PROPN
cjfa-259	1	5	&	&	CCONJ
cjfa-259	1	6	accounting	accounting	PROPN
cjfa-259	1	7	2012	2012	NUM
cjfa-259	1	8	,	,	PUNCT
cjfa-259	1	9	volume	volume	NOUN
cjfa-259	1	10	1	1	NUM
cjfa-259	1	11	,	,	PUNCT
cjfa-259	1	12	issue	issue	NOUN
cjfa-259	1	13	1	1	NUM
cjfa-259	1	14	issn	issn	PROPN
cjfa-259	1	15	2300	2300	NUM
cjfa-259	1	16	-	-	SYM
cjfa-259	1	17	1240	1240	NUM
cjfa-259	1	18	data	datum	NOUN
cjfa-259	1	19	wpłynięcia	wpłynięcia	NOUN
cjfa-259	1	20	:	:	PUNCT
cjfa-259	1	21	22.11.2012	22.11.2012	X
cjfa-259	1	22	;	;	PUNCT
cjfa-259	1	23	data	datum	NOUN
cjfa-259	1	24	zaakceptowania	zaakceptowania	PROPN
cjfa-259	1	25	:	:	PUNCT
cjfa-259	2	1	25.02.2013	25.02.2013	NUM
cjfa-259	2	2	.	.	PUNCT
cjfa-259	2	3	*	*	PUNCT
cjfa-259	2	4	 	 	SPACE
cjfa-259	2	5	dane	dane	NOUN
cjfa-259	2	6	kontaktowe	kontaktowe	PROPN
cjfa-259	2	7	:	:	PUNCT
cjfa-259	2	8	s.hyzyk@eib.org	s.hyzyk@eib.org	PROPN
cjfa-259	2	9	.	.	PUNCT
cjfa-259	3	1	*	*	PUNCT
cjfa-259	3	2	*	*	PUNCT
cjfa-259	3	3	 	 	SPACE
cjfa-259	3	4	the	the	DET
cjfa-259	3	5	opinions	opinion	NOUN
cjfa-259	3	6	and	and	CCONJ
cjfa-259	3	7	views	view	NOUN
cjfa-259	3	8	expressed	express	VERB
cjfa-259	3	9	in	in	ADP
cjfa-259	3	10	this	this	DET
cjfa-259	3	11	article	article	NOUN
cjfa-259	3	12	are	be	AUX
cjfa-259	3	13	those	those	PRON
cjfa-259	3	14	of	of	ADP
cjfa-259	3	15	the	the	DET
cjfa-259	3	16	author	author	NOUN
cjfa-259	3	17	not	not	PART
cjfa-259	3	18	his	his	PRON
cjfa-259	3	19	employer	employer	NOUN
cjfa-259	3	20	.	.	PUNCT
cjfa-259	4	1	sebastian	sebastian	PROPN
cjfa-259	4	2	hyżyk	hyżyk	PROPN
cjfa-259	4	3	*	*	PROPN
cjfa-259	4	4	european	european	PROPN
cjfa-259	4	5	investment	investment	PROPN
cjfa-259	4	6	bank	bank	PROPN
cjfa-259	4	7	,	,	PUNCT
cjfa-259	4	8	luxembourg	luxembourg	PROPN
cjfa-259	4	9	selected	select	VERB
cjfa-259	4	10	aspects	aspect	NOUN
cjfa-259	4	11	of	of	ADP
cjfa-259	4	12	due	due	ADJ
cjfa-259	4	13	diligence	diligence	NOUN
cjfa-259	4	14	of	of	ADP
cjfa-259	4	15	sovereigns	sovereign	NOUN
cjfa-259	4	16	*	*	NOUN
cjfa-259	4	17	*	*	NOUN
cjfa-259	4	18	key	key	ADJ
cjfa-259	4	19	words	word	NOUN
cjfa-259	4	20	:	:	PUNCT
cjfa-259	4	21	due	due	ADJ
cjfa-259	4	22	diligence	diligence	NOUN
cjfa-259	4	23	,	,	PUNCT
cjfa-259	4	24	public	public	ADJ
cjfa-259	4	25	debt	debt	NOUN
cjfa-259	4	26	,	,	PUNCT
cjfa-259	4	27	sovereign	sovereign	ADJ
cjfa-259	4	28	credit	credit	NOUN
cjfa-259	4	29	rating	rating	NOUN
cjfa-259	4	30	.	.	PUNCT
cjfa-259	5	1	abstract	abstract	ADJ
cjfa-259	5	2	:	:	PUNCT
cjfa-259	5	3	the	the	DET
cjfa-259	5	4	purpose	purpose	NOUN
cjfa-259	5	5	of	of	ADP
cjfa-259	5	6	this	this	DET
cjfa-259	5	7	paper	paper	NOUN
cjfa-259	5	8	is	be	AUX
cjfa-259	5	9	to	to	PART
cjfa-259	5	10	present	present	VERB
cjfa-259	5	11	and	and	CCONJ
cjfa-259	5	12	analyse	analyse	VERB
cjfa-259	5	13	the	the	DET
cjfa-259	5	14	prevailing	prevail	VERB
cjfa-259	5	15	credit	credit	NOUN
cjfa-259	5	16	rating	rating	NOUN
cjfa-259	5	17	methodologies	methodology	NOUN
cjfa-259	5	18	,	,	PUNCT
cjfa-259	5	19	as	as	ADP
cjfa-259	5	20	an	an	DET
cjfa-259	5	21	element	element	NOUN
cjfa-259	5	22	of	of	ADP
cjfa-259	5	23	due	due	ADJ
cjfa-259	5	24	diligence	diligence	NOUN
cjfa-259	5	25	process	process	NOUN
cjfa-259	5	26	of	of	ADP
cjfa-259	5	27	countries	country	NOUN
cjfa-259	5	28	,	,	PUNCT
cjfa-259	5	29	in	in	ADP
cjfa-259	5	30	the	the	DET
cjfa-259	5	31	light	light	NOUN
cjfa-259	5	32	of	of	ADP
cjfa-259	5	33	the	the	DET
cjfa-259	5	34	attributes	attribute	NOUN
cjfa-259	5	35	of	of	ADP
cjfa-259	5	36	the	the	DET
cjfa-259	5	37	sovereigns	sovereign	NOUN
cjfa-259	5	38	and	and	CCONJ
cjfa-259	5	39	associated	associated	ADJ
cjfa-259	5	40	risks	risk	NOUN
cjfa-259	5	41	.	.	PUNCT
cjfa-259	6	1	the	the	DET
cjfa-259	6	2	concept	concept	NOUN
cjfa-259	6	3	of	of	ADP
cjfa-259	6	4	sovereignty	sovereignty	NOUN
cjfa-259	6	5	introduces	introduce	VERB
cjfa-259	6	6	many	many	ADJ
cjfa-259	6	7	variables	variable	NOUN
cjfa-259	6	8	to	to	ADP
cjfa-259	6	9	the	the	DET
cjfa-259	6	10	due	due	ADJ
cjfa-259	6	11	diligence	diligence	NOUN
cjfa-259	6	12	analysis	analysis	NOUN
cjfa-259	6	13	and	and	CCONJ
cjfa-259	6	14	in	in	ADP
cjfa-259	6	15	particular	particular	ADJ
cjfa-259	6	16	to	to	ADP
cjfa-259	6	17	credit	credit	NOUN
cjfa-259	6	18	risk	risk	NOUN
cjfa-259	6	19	analysis	analysis	NOUN
cjfa-259	6	20	.	.	PUNCT
cjfa-259	7	1	the	the	DET
cjfa-259	7	2	multidimensional	multidimensional	ADJ
cjfa-259	7	3	character	character	NOUN
cjfa-259	7	4	of	of	ADP
cjfa-259	7	5	a	a	DET
cjfa-259	7	6	sovereign	sovereign	NOUN
cjfa-259	7	7	and	and	CCONJ
cjfa-259	7	8	its	its	PRON
cjfa-259	7	9	complex	complex	ADJ
cjfa-259	7	10	decision	decision	NOUN
cjfa-259	7	11	-	-	PUNCT
cjfa-259	7	12	making	make	VERB
cjfa-259	7	13	process	process	NOUN
cjfa-259	7	14	require	require	VERB
cjfa-259	7	15	special	special	ADJ
cjfa-259	7	16	attention	attention	NOUN
cjfa-259	7	17	from	from	ADP
cjfa-259	7	18	the	the	DET
cjfa-259	7	19	creditors	creditor	NOUN
cjfa-259	7	20	.	.	PUNCT
cjfa-259	8	1	the	the	DET
cjfa-259	8	2	prevailing	prevail	VERB
cjfa-259	8	3	methodologies	methodology	NOUN
cjfa-259	8	4	stress	stress	VERB
cjfa-259	8	5	the	the	DET
cjfa-259	8	6	fact	fact	NOUN
cjfa-259	8	7	that	that	SCONJ
cjfa-259	8	8	both	both	CCONJ
cjfa-259	8	9	quantitative	quantitative	ADJ
cjfa-259	8	10	and	and	CCONJ
cjfa-259	8	11	qualitative	qualitative	ADJ
cjfa-259	8	12	elements	element	NOUN
cjfa-259	8	13	need	need	VERB
cjfa-259	8	14	to	to	PART
cjfa-259	8	15	be	be	AUX
cjfa-259	8	16	taken	take	VERB
cjfa-259	8	17	into	into	ADP
cjfa-259	8	18	consideration	consideration	NOUN
cjfa-259	8	19	.	.	PUNCT
cjfa-259	9	1	debt	debt	NOUN
cjfa-259	9	2	affordability	affordability	NOUN
cjfa-259	9	3	,	,	PUNCT
cjfa-259	9	4	referring	refer	VERB
cjfa-259	9	5	to	to	ADP
cjfa-259	9	6	debt	debt	NOUN
cjfa-259	9	7	size	size	NOUN
cjfa-259	9	8	and	and	CCONJ
cjfa-259	9	9	financial	financial	ADJ
cjfa-259	9	10	ability	ability	NOUN
cjfa-259	9	11	to	to	PART
cjfa-259	9	12	repay	repay	VERB
cjfa-259	9	13	it	it	PRON
cjfa-259	9	14	,	,	PUNCT
cjfa-259	9	15	remains	remain	VERB
cjfa-259	9	16	an	an	DET
cjfa-259	9	17	important	important	ADJ
cjfa-259	9	18	factor	factor	NOUN
cjfa-259	9	19	in	in	ADP
cjfa-259	9	20	a	a	DET
cjfa-259	9	21	quantitative	quantitative	ADJ
cjfa-259	9	22	analysis	analysis	NOUN
cjfa-259	9	23	,	,	PUNCT
cjfa-259	9	24	but	but	CCONJ
cjfa-259	9	25	not	not	PART
cjfa-259	9	26	a	a	DET
cjfa-259	9	27	decisive	decisive	ADJ
cjfa-259	9	28	one	one	NUM
cjfa-259	9	29	.	.	PUNCT
cjfa-259	10	1	qualitative	qualitative	ADJ
cjfa-259	10	2	elements	element	NOUN
cjfa-259	10	3	such	such	ADJ
cjfa-259	10	4	as	as	ADP
cjfa-259	10	5	the	the	DET
cjfa-259	10	6	assessment	assessment	NOUN
cjfa-259	10	7	of	of	ADP
cjfa-259	10	8	the	the	DET
cjfa-259	10	9	institutional	institutional	ADJ
cjfa-259	10	10	capacity	capacity	NOUN
cjfa-259	10	11	become	become	VERB
cjfa-259	10	12	essential	essential	ADJ
cjfa-259	10	13	,	,	PUNCT
cjfa-259	10	14	since	since	SCONJ
cjfa-259	10	15	in	in	ADP
cjfa-259	10	16	the	the	DET
cjfa-259	10	17	case	case	NOUN
cjfa-259	10	18	of	of	ADP
cjfa-259	10	19	the	the	DET
cjfa-259	10	20	sovereigns	sovereign	NOUN
cjfa-259	10	21	,	,	PUNCT
cjfa-259	10	22	the	the	DET
cjfa-259	10	23	ability	ability	NOUN
cjfa-259	10	24	to	to	PART
cjfa-259	10	25	repay	repay	VERB
cjfa-259	10	26	does	do	AUX
cjfa-259	10	27	not	not	PART
cjfa-259	10	28	necessarily	necessarily	ADV
cjfa-259	10	29	imply	imply	VERB
cjfa-259	10	30	the	the	DET
cjfa-259	10	31	willingness	willingness	NOUN
cjfa-259	10	32	to	to	PART
cjfa-259	10	33	repay	repay	VERB
cjfa-259	10	34	.	.	PUNCT
cjfa-259	11	1	due	due	ADJ
cjfa-259	11	2	diligence	diligence	NOUN
cjfa-259	11	3	of	of	ADP
cjfa-259	11	4	ifis	ifis	NOUN
cjfa-259	11	5	goes	go	VERB
cjfa-259	11	6	beyond	beyond	ADP
cjfa-259	11	7	traditional	traditional	ADJ
cjfa-259	11	8	credit	credit	NOUN
cjfa-259	11	9	risk	risk	NOUN
cjfa-259	11	10	assessment	assessment	NOUN
cjfa-259	11	11	in	in	ADP
cjfa-259	11	12	the	the	DET
cjfa-259	11	13	domains	domain	NOUN
cjfa-259	11	14	,	,	PUNCT
cjfa-259	11	15	where	where	SCONJ
cjfa-259	11	16	states	state	NOUN
cjfa-259	11	17	‘	'	PUNCT
cjfa-259	11	18	surrender	surrender	NOUN
cjfa-259	11	19	’	'	PUNCT
cjfa-259	11	20	their	their	PRON
cjfa-259	11	21	sovereignty	sovereignty	NOUN
cjfa-259	11	22	to	to	ADP
cjfa-259	11	23	the	the	DET
cjfa-259	11	24	regulation	regulation	NOUN
cjfa-259	11	25	of	of	ADP
cjfa-259	11	26	international	international	ADJ
cjfa-259	11	27	law	law	NOUN
cjfa-259	11	28	,	,	PUNCT
cjfa-259	11	29	particularly	particularly	ADV
cjfa-259	11	30	in	in	ADP
cjfa-259	11	31	the	the	DET
cjfa-259	11	32	sphere	sphere	NOUN
cjfa-259	11	33	of	of	ADP
cjfa-259	11	34	human	human	ADJ
cjfa-259	11	35	rights	right	NOUN
cjfa-259	11	36	and	and	CCONJ
cjfa-259	11	37	environment	environment	NOUN
cjfa-259	11	38	.	.	PUNCT
cjfa-259	12	1	translated	translate	VERB
cjfa-259	12	2	by	by	ADP
cjfa-259	12	3	sebastian	sebastian	PROPN
cjfa-259	12	4	hyżyk	hyżyk	PROPN
cjfa-259	12	5	wybrane	wybrane	PROPN
cjfa-259	12	6	aspekty	aspekty	PROPN
cjfa-259	12	7	oceny	oceny	VERB
cjfa-259	12	8	wiarygodności	wiarygodności	PROPN
cjfa-259	12	9	kredytowej	kredytowej	PROPN
cjfa-259	12	10	państw	państw	NOUN
cjfa-259	12	11	słowa	słowa	NOUN
cjfa-259	12	12	kluczowe	kluczowe	NOUN
cjfa-259	12	13	:	:	PUNCT
cjfa-259	12	14	credit	credit	NOUN
cjfa-259	12	15	rating	rating	NOUN
cjfa-259	12	16	,	,	PUNCT
cjfa-259	12	17	dług	dług	NOUN
cjfa-259	12	18	publiczny	publiczny	NOUN
cjfa-259	12	19	,	,	PUNCT
cjfa-259	13	1	due	due	ADJ
cjfa-259	13	2	diligence	diligence	NOUN
cjfa-259	13	3	,	,	PUNCT
cjfa-259	13	4	ocena	ocena	ADJ
cjfa-259	13	5	wiarygodności	wiarygodności	PROPN
cjfa-259	13	6	kredytowej	kredytowej	PROPN
cjfa-259	13	7	.	.	PUNCT
cjfa-259	14	1	abstrakt	abstrakt	PROPN
cjfa-259	14	2	:	:	PUNCT
cjfa-259	14	3	celem	celem	PROPN
cjfa-259	14	4	niniejszego	niniejszego	PROPN
cjfa-259	14	5	artykułu	artykułu	PROPN
cjfa-259	14	6	jest	jest	PROPN
cjfa-259	14	7	prezentacja	prezentacja	PROPN
cjfa-259	14	8	i	i	PROPN
cjfa-259	14	9	analiza	analiza	PROPN
cjfa-259	14	10	głównych	głównych	PROPN
cjfa-259	14	11	metod	metod	VERB
cjfa-259	14	12	oceny	oceny	PROPN
cjfa-259	14	13	zdolności	zdolności	PROPN
cjfa-259	14	14	kredytowej	kredytowej	PROPN
cjfa-259	14	15	jako	jako	PROPN
cjfa-259	14	16	elementów	elementów	PROPN
cjfa-259	14	17	due	due	ADJ
cjfa-259	14	18	diligence	diligence	NOUN
cjfa-259	14	19	państw	państw	NOUN
cjfa-259	14	20	,	,	PUNCT
cjfa-259	14	21	w	w	PROPN
cjfa-259	14	22	świetle	świetle	PROPN
cjfa-259	14	23	cech	cech	PROPN
cjfa-259	14	24	wyróżniadoi	wyróżniadoi	PROPN
cjfa-259	14	25	:	:	PUNCT
cjfa-259	14	26	10.12775	10.12775	NUM
cjfa-259	14	27	/	/	SYM
cjfa-259	14	28	cjfa.2012.005	cjfa.2012.005	PROPN
cjfa-259	14	29	http://dx.doi.org/10.12775/cjfa.2012.005	http://dx.doi.org/10.12775/cjfa.2012.005	X
cjfa-259	14	30	sebastian	sebastian	PROPN
cjfa-259	14	31	hyżyk66	hyżyk66	PROPN
cjfa-259	14	32	jących	jących	PROPN
cjfa-259	14	33	państwa	państwa	PROPN
cjfa-259	14	34	jako	jako	PROPN
cjfa-259	14	35	pożyczkobiorców	pożyczkobiorców	PROPN
cjfa-259	14	36	i	i	PRON
cjfa-259	14	37	związanych	związanych	VERB
cjfa-259	14	38	z	z	PROPN
cjfa-259	14	39	tym	tym	PROPN
cjfa-259	14	40	ryzyk	ryzyk	ADJ
cjfa-259	14	41	.	.	PUNCT
cjfa-259	15	1	wielowymiarowość	wielowymiarowość	PROPN
cjfa-259	15	2	koncepcji	koncepcji	PROPN
cjfa-259	15	3	suwerenności	suwerenności	PROPN
cjfa-259	15	4	państw	państw	PROPN
cjfa-259	15	5	oraz	oraz	PROPN
cjfa-259	15	6	złożony	złożony	PROPN
cjfa-259	15	7	proces	proce	VERB
cjfa-259	15	8	decyzyjny	decyzyjny	PROPN
cjfa-259	15	9	wymagają	wymagają	PROPN
cjfa-259	15	10	wzmożonej	wzmożonej	PROPN
cjfa-259	15	11	uwagi	uwagi	PROPN
cjfa-259	15	12	ze	ze	PROPN
cjfa-259	15	13	strony	strony	PROPN
cjfa-259	15	14	pożyczkodawców	pożyczkodawców	PROPN
cjfa-259	15	15	.	.	PUNCT
cjfa-259	16	1	główne	główne	PROPN
cjfa-259	16	2	metody	metody	ADJ
cjfa-259	16	3	podkreślają	podkreślają	PROPN
cjfa-259	16	4	znaczenie	znaczenie	PROPN
cjfa-259	16	5	zarówno	zarówno	PROPN
cjfa-259	16	6	ilościowej	ilościowej	PROPN
cjfa-259	16	7	,	,	PUNCT
cjfa-259	16	8	jak	jak	PROPN
cjfa-259	17	1	i	i	PRON
cjfa-259	17	2	jakościowej	jakościowej	AUX
cjfa-259	17	3	oceny	oceny	VERB
cjfa-259	17	4	zdolności	zdolności	PROPN
cjfa-259	17	5	kredytowej	kredytowej	PROPN
cjfa-259	17	6	.	.	PUNCT
cjfa-259	18	1	zdolność	zdolność	NOUN
cjfa-259	18	2	do	do	AUX
cjfa-259	18	3	obsługi	obsługi	NOUN
cjfa-259	18	4	długu	długu	PROPN
cjfa-259	18	5	wyznaczana	wyznaczana	PROPN
cjfa-259	18	6	zarówno	zarówno	PROPN
cjfa-259	18	7	przez	przez	PROPN
cjfa-259	18	8	jego	jego	PROPN
cjfa-259	18	9	wielość	wielość	PROPN
cjfa-259	18	10	,	,	PUNCT
cjfa-259	18	11	jak	jak	PROPN
cjfa-259	19	1	i	i	PRON
cjfa-259	19	2	dostępność	dostępność	VERB
cjfa-259	19	3	środków	środków	NOUN
cjfa-259	19	4	finansowych	finansowych	PROPN
cjfa-259	19	5	pozostaje	pozostaje	PROPN
cjfa-259	19	6	ważnym	ważnym	PROPN
cjfa-259	19	7	czynnikiem	czynnikiem	PROPN
cjfa-259	19	8	w	w	PROPN
cjfa-259	19	9	ilościowej	ilościowej	PROPN
cjfa-259	19	10	ocenie	ocenie	PROPN
cjfa-259	19	11	,	,	PUNCT
cjfa-259	19	12	ale	ale	PROPN
cjfa-259	19	13	nie	nie	PROPN
cjfa-259	19	14	decydującym	decydującym	PROPN
cjfa-259	19	15	.	.	PUNCT
cjfa-259	20	1	ilościowe	ilościowe	PROPN
cjfa-259	20	2	aspekty	aspekty	PROPN
cjfa-259	20	3	,	,	PUNCT
cjfa-259	20	4	takie	takie	PROPN
cjfa-259	20	5	jak	jak	PROPN
cjfa-259	20	6	ocena	ocena	PROPN
cjfa-259	20	7	zdolności	zdolności	PROPN
cjfa-259	20	8	instytucjonalnej	instytucjonalnej	PROPN
cjfa-259	20	9	,	,	PUNCT
cjfa-259	20	10	stają	stają	PROPN
cjfa-259	20	11	się	się	PROPN
cjfa-259	20	12	kluczowe	kluczowe	PROPN
cjfa-259	20	13	w	w	PROPN
cjfa-259	20	14	przypadku	przypadku	PROPN
cjfa-259	20	15	państw	państw	NOUN
cjfa-259	20	16	,	,	PUNCT
cjfa-259	20	17	gdyż	gdyż	NOUN
cjfa-259	20	18	ich	ich	NOUN
cjfa-259	20	19	zdolność	zdolność	NOUN
cjfa-259	20	20	do	do	AUX
cjfa-259	20	21	spłaty	spłaty	VERB
cjfa-259	20	22	długu	długu	PROPN
cjfa-259	20	23	nie	nie	PROPN
cjfa-259	20	24	musi	musi	PROPN
cjfa-259	20	25	automatycznie	automatycznie	PROPN
cjfa-259	20	26	oznaczać	oznaczać	PROPN
cjfa-259	20	27	skłonności	skłonności	ADV
cjfa-259	20	28	do	do	AUX
cjfa-259	20	29	spłaty	spłaty	NOUN
cjfa-259	20	30	długu	długu	PROPN
cjfa-259	20	31	.	.	PUNCT
cjfa-259	21	1	proces	proce	NOUN
cjfa-259	21	2	due	due	ADJ
cjfa-259	21	3	diligence	diligence	NOUN
cjfa-259	21	4	prowadzony	prowadzony	ADJ
cjfa-259	21	5	przez	przez	NOUN
cjfa-259	21	6	międzynarodowe	międzynarodowe	NOUN
cjfa-259	21	7	instytucje	instytucje	PROPN
cjfa-259	21	8	finansowe	finansowe	PROPN
cjfa-259	21	9	wybiega	wybiega	PROPN
cjfa-259	21	10	poza	poza	PROPN
cjfa-259	21	11	ramy	ramy	PROPN
cjfa-259	21	12	tradycyjnej	tradycyjnej	PROPN
cjfa-259	21	13	oceny	oceny	PROPN
cjfa-259	22	1	wiarygodności	wiarygodności	ADP
cjfa-259	22	2	kredytowej	kredytowej	PROPN
cjfa-259	22	3	w	w	NOUN
cjfa-259	22	4	obszarach	obszarach	NOUN
cjfa-259	22	5	,	,	PUNCT
cjfa-259	22	6	w	w	PROPN
cjfa-259	22	7	których	których	PROPN
cjfa-259	22	8	suwerenność	suwerenność	PROPN
cjfa-259	22	9	państw	państw	PROPN
cjfa-259	22	10	jest	jest	PROPN
cjfa-259	22	11	ograniczona	ograniczona	PROPN
cjfa-259	22	12	prawem	prawem	PROPN
cjfa-259	22	13	międzynarodowym	międzynarodowym	PROPN
cjfa-259	22	14	,	,	PUNCT
cjfa-259	22	15	a	a	DET
cjfa-259	22	16	w	w	NOUN
cjfa-259	22	17	szczególności	szczególności	NOUN
cjfa-259	22	18	w	w	PROPN
cjfa-259	22	19	sferach	sferach	NOUN
cjfa-259	22	20	praw	praw	NOUN
cjfa-259	22	21	człowieka	człowieka	NOUN
cjfa-259	23	1	i	i	PRON
cjfa-259	23	2	ochrony	ochrony	NOUN
cjfa-259	23	3	środowiska	środowiska	PROPN
cjfa-259	23	4	.	.	PUNCT
cjfa-259	23	5	 	 	SPACE
cjfa-259	24	1	introduction	introduction	NOUN
cjfa-259	24	2	governments	government	NOUN
cjfa-259	24	3	’	'	PUNCT
cjfa-259	24	4	debt	debt	NOUN
cjfa-259	24	5	plays	play	VERB
cjfa-259	24	6	a	a	DET
cjfa-259	24	7	pervasive	pervasive	ADJ
cjfa-259	24	8	role	role	NOUN
cjfa-259	24	9	in	in	ADP
cjfa-259	24	10	the	the	DET
cjfa-259	24	11	financial	financial	ADJ
cjfa-259	24	12	markets	market	NOUN
cjfa-259	24	13	.	.	PUNCT
cjfa-259	25	1	globally	globally	ADV
cjfa-259	25	2	,	,	PUNCT
cjfa-259	25	3	it	it	PRON
cjfa-259	25	4	represents	represent	VERB
cjfa-259	25	5	over	over	ADP
cjfa-259	25	6	45	45	NUM
cjfa-259	25	7	%	%	NOUN
cjfa-259	25	8	of	of	ADP
cjfa-259	25	9	the	the	DET
cjfa-259	25	10	stock	stock	NOUN
cjfa-259	25	11	of	of	ADP
cjfa-259	25	12	issued	issue	VERB
cjfa-259	25	13	bonds	bond	NOUN
cjfa-259	25	14	(	(	PUNCT
cjfa-259	25	15	march	march	PROPN
cjfa-259	25	16	2012	2012	NUM
cjfa-259	25	17	)	)	PUNCT
cjfa-259	25	18	.	.	PUNCT
cjfa-259	26	1	sovereigns	sovereign	NOUN
cjfa-259	26	2	’	'	PUNCT
cjfa-259	26	3	debt	debt	NOUN
cjfa-259	26	4	instruments	instrument	NOUN
cjfa-259	26	5	are	be	AUX
cjfa-259	26	6	used	use	VERB
cjfa-259	26	7	in	in	ADP
cjfa-259	26	8	collateralising	collateralise	VERB
cjfa-259	26	9	financial	financial	ADJ
cjfa-259	26	10	operations	operation	NOUN
cjfa-259	26	11	conducted	conduct	VERB
cjfa-259	26	12	by	by	ADP
cjfa-259	26	13	central	central	ADJ
cjfa-259	26	14	banks	bank	NOUN
cjfa-259	26	15	.	.	PUNCT
cjfa-259	27	1	the	the	DET
cjfa-259	27	2	financial	financial	ADJ
cjfa-259	27	3	crisis	crisis	NOUN
cjfa-259	27	4	and	and	CCONJ
cjfa-259	27	5	the	the	DET
cjfa-259	27	6	recession	recession	NOUN
cjfa-259	27	7	that	that	PRON
cjfa-259	27	8	followed	follow	VERB
cjfa-259	27	9	have	have	AUX
cjfa-259	27	10	worsened	worsen	VERB
cjfa-259	27	11	the	the	DET
cjfa-259	27	12	condition	condition	NOUN
cjfa-259	27	13	of	of	ADP
cjfa-259	27	14	public	public	ADJ
cjfa-259	27	15	finance	finance	NOUN
cjfa-259	27	16	in	in	ADP
cjfa-259	27	17	advanced	advanced	ADJ
cjfa-259	27	18	economies	economy	NOUN
cjfa-259	27	19	and	and	CCONJ
cjfa-259	27	20	have	have	AUX
cjfa-259	27	21	increased	increase	VERB
cjfa-259	27	22	the	the	DET
cjfa-259	27	23	investors	investor	NOUN
cjfa-259	27	24	’	'	PUNCT
cjfa-259	27	25	concern	concern	NOUN
cjfa-259	27	26	about	about	ADP
cjfa-259	27	27	sovereign	sovereign	ADJ
cjfa-259	27	28	risk	risk	NOUN
cjfa-259	27	29	.	.	PUNCT
cjfa-259	28	1	this	this	DET
cjfa-259	28	2	concern	concern	NOUN
cjfa-259	28	3	translates	translate	VERB
cjfa-259	28	4	into	into	ADP
cjfa-259	28	5	higher	high	ADJ
cjfa-259	28	6	funding	funding	NOUN
cjfa-259	28	7	cost	cost	NOUN
cjfa-259	28	8	for	for	ADP
cjfa-259	28	9	governments	government	NOUN
cjfa-259	28	10	and	and	CCONJ
cjfa-259	28	11	adversely	adversely	ADV
cjfa-259	28	12	impacts	impact	VERB
cjfa-259	28	13	banks	bank	NOUN
cjfa-259	28	14	and	and	CCONJ
cjfa-259	28	15	financial	financial	ADJ
cjfa-259	28	16	markets	market	NOUN
cjfa-259	28	17	.	.	PUNCT
cjfa-259	29	1	furthermore	furthermore	ADV
cjfa-259	29	2	,	,	PUNCT
cjfa-259	29	3	sovereigns	sovereign	NOUN
cjfa-259	29	4	’	'	PUNCT
cjfa-259	29	5	creditworthiness	creditworthiness	NOUN
cjfa-259	29	6	impacts	impact	VERB
cjfa-259	29	7	credit	credit	NOUN
cjfa-259	29	8	ratings	rating	NOUN
cjfa-259	29	9	of	of	ADP
cjfa-259	29	10	nonsovereigns	nonsovereign	NOUN
cjfa-259	29	11	and	and	CCONJ
cjfa-259	29	12	ultimately	ultimately	ADV
cjfa-259	29	13	also	also	ADV
cjfa-259	29	14	supranationals	supranational	NOUN
cjfa-259	29	15	controlled	control	VERB
cjfa-259	29	16	by	by	ADP
cjfa-259	29	17	sovereigns	sovereign	NOUN
cjfa-259	29	18	.	.	PUNCT
cjfa-259	30	1	therefore	therefore	ADV
cjfa-259	30	2	,	,	PUNCT
cjfa-259	30	3	a	a	DET
cjfa-259	30	4	proper	proper	ADJ
cjfa-259	30	5	assessment	assessment	NOUN
cjfa-259	30	6	of	of	ADP
cjfa-259	30	7	the	the	DET
cjfa-259	30	8	sovereigns	sovereign	NOUN
cjfa-259	30	9	’	'	PUNCT
cjfa-259	30	10	creditworthiness	creditworthiness	NOUN
cjfa-259	30	11	is	be	AUX
cjfa-259	30	12	a	a	DET
cjfa-259	30	13	systemic	systemic	ADJ
cjfa-259	30	14	important	important	ADJ
cjfa-259	30	15	issue	issue	NOUN
cjfa-259	30	16	.	.	PUNCT
cjfa-259	31	1	the	the	DET
cjfa-259	31	2	purpose	purpose	NOUN
cjfa-259	31	3	of	of	ADP
cjfa-259	31	4	this	this	DET
cjfa-259	31	5	paper	paper	NOUN
cjfa-259	31	6	is	be	AUX
cjfa-259	31	7	to	to	PART
cjfa-259	31	8	present	present	VERB
cjfa-259	31	9	and	and	CCONJ
cjfa-259	31	10	analyse	analyse	VERB
cjfa-259	31	11	the	the	DET
cjfa-259	31	12	prevailing	prevail	VERB
cjfa-259	31	13	credit	credit	NOUN
cjfa-259	31	14	rating	rating	NOUN
cjfa-259	31	15	methodologies	methodology	NOUN
cjfa-259	31	16	,	,	PUNCT
cjfa-259	31	17	as	as	ADP
cjfa-259	31	18	an	an	DET
cjfa-259	31	19	element	element	NOUN
cjfa-259	31	20	of	of	ADP
cjfa-259	31	21	due	due	ADJ
cjfa-259	31	22	diligence	diligence	NOUN
cjfa-259	31	23	process	process	NOUN
cjfa-259	31	24	,	,	PUNCT
cjfa-259	31	25	in	in	ADP
cjfa-259	31	26	the	the	DET
cjfa-259	31	27	light	light	NOUN
cjfa-259	31	28	of	of	ADP
cjfa-259	31	29	the	the	DET
cjfa-259	31	30	attributes	attribute	NOUN
cjfa-259	31	31	of	of	ADP
cjfa-259	31	32	the	the	DET
cjfa-259	31	33	sovereigns	sovereign	NOUN
cjfa-259	31	34	and	and	CCONJ
cjfa-259	31	35	associated	associate	VERB
cjfa-259	31	36	risks.1	risks.1	PROPN
cjfa-259	31	37	those	those	DET
cjfa-259	31	38	risks	risk	NOUN
cjfa-259	31	39	are	be	AUX
cjfa-259	31	40	often	often	ADV
cjfa-259	31	41	encapsulated	encapsulate	VERB
cjfa-259	31	42	by	by	ADP
cjfa-259	31	43	the	the	DET
cjfa-259	31	44	term	term	NOUN
cjfa-259	31	45	of	of	ADP
cjfa-259	31	46	a	a	DET
cjfa-259	31	47	country	country	NOUN
cjfa-259	31	48	risk	risk	NOUN
cjfa-259	31	49	.	.	PUNCT
cjfa-259	32	1	it	it	PRON
cjfa-259	32	2	includes	include	VERB
cjfa-259	32	3	risks	risk	NOUN
cjfa-259	32	4	related	relate	VERB
cjfa-259	32	5	to	to	ADP
cjfa-259	32	6	lending	lend	VERB
cjfa-259	32	7	to	to	ADP
cjfa-259	32	8	sovereigns	sovereign	NOUN
cjfa-259	32	9	(	(	PUNCT
cjfa-259	32	10	sovereign	sovereign	ADJ
cjfa-259	32	11	risks	risk	NOUN
cjfa-259	32	12	)	)	PUNCT
cjfa-259	32	13	,	,	PUNCT
cjfa-259	32	14	which	which	PRON
cjfa-259	32	15	will	will	AUX
cjfa-259	32	16	be	be	AUX
cjfa-259	32	17	addressed	address	VERB
cjfa-259	32	18	by	by	ADP
cjfa-259	32	19	this	this	DET
cjfa-259	32	20	paper	paper	NOUN
cjfa-259	32	21	,	,	PUNCT
cjfa-259	32	22	and	and	CCONJ
cjfa-259	32	23	risks	risk	NOUN
cjfa-259	32	24	related	relate	VERB
cjfa-259	32	25	to	to	ADP
cjfa-259	32	26	investing	invest	VERB
cjfa-259	32	27	or	or	CCONJ
cjfa-259	32	28	doing	do	VERB
cjfa-259	32	29	business	business	NOUN
cjfa-259	32	30	in	in	ADP
cjfa-259	32	31	a	a	DET
cjfa-259	32	32	country	country	NOUN
cjfa-259	32	33	.	.	PUNCT
cjfa-259	33	1	1	1	NUM
cjfa-259	33	2	 	 	SPACE
cjfa-259	33	3	after	after	ADP
cjfa-259	33	4	knight	knight	NOUN
cjfa-259	33	5	’s	’s	PART
cjfa-259	33	6	influential	influential	ADJ
cjfa-259	33	7	contribution	contribution	NOUN
cjfa-259	33	8	(	(	PUNCT
cjfa-259	33	9	knight	knight	NOUN
cjfa-259	33	10	1920	1920	NUM
cjfa-259	33	11	)	)	PUNCT
cjfa-259	33	12	risk	risk	NOUN
cjfa-259	33	13	is	be	AUX
cjfa-259	33	14	commonly	commonly	ADV
cjfa-259	33	15	referred	refer	VERB
cjfa-259	33	16	to	to	ADP
cjfa-259	33	17	as	as	ADP
cjfa-259	33	18	measurable	measurable	ADJ
cjfa-259	33	19	uncertainty	uncertainty	NOUN
cjfa-259	33	20	over	over	ADP
cjfa-259	33	21	future	future	ADJ
cjfa-259	33	22	realisation	realisation	NOUN
cjfa-259	33	23	of	of	ADP
cjfa-259	33	24	expected	expect	VERB
cjfa-259	33	25	outcome	outcome	NOUN
cjfa-259	33	26	.	.	PUNCT
cjfa-259	34	1	it	it	PRON
cjfa-259	34	2	is	be	AUX
cjfa-259	34	3	often	often	ADV
cjfa-259	34	4	reduced	reduce	VERB
cjfa-259	34	5	to	to	ADP
cjfa-259	34	6	analysis	analysis	NOUN
cjfa-259	34	7	of	of	ADP
cjfa-259	34	8	a	a	DET
cjfa-259	34	9	negative	negative	ADJ
cjfa-259	34	10	outcome	outcome	NOUN
cjfa-259	34	11	,	,	PUNCT
cjfa-259	34	12	which	which	PRON
cjfa-259	34	13	for	for	ADP
cjfa-259	34	14	lenders	lender	NOUN
cjfa-259	34	15	to	to	ADP
cjfa-259	34	16	sovereigns	sovereign	NOUN
cjfa-259	34	17	entails	entail	VERB
cjfa-259	34	18	losses	loss	NOUN
cjfa-259	34	19	incurred	incur	VERB
cjfa-259	34	20	due	due	ADP
cjfa-259	34	21	to	to	ADP
cjfa-259	34	22	default	default	NOUN
cjfa-259	34	23	of	of	ADP
cjfa-259	34	24	borrower	borrower	NOUN
cjfa-259	34	25	.	.	PUNCT
cjfa-259	35	1	selected	select	VERB
cjfa-259	35	2	aspects	aspect	NOUN
cjfa-259	35	3	of	of	ADP
cjfa-259	35	4	due	due	ADJ
cjfa-259	35	5	diligence	diligence	NOUN
cjfa-259	35	6	of	of	ADP
cjfa-259	35	7	sovereigns	sovereign	NOUN
cjfa-259	35	8	67	67	NUM
cjfa-259	35	9	1	1	NUM
cjfa-259	35	10	.	.	PUNCT
cjfa-259	35	11	sovereigns	sovereign	NOUN
cjfa-259	35	12	’	'	PUNCT
cjfa-259	35	13	borrowing	borrowing	NOUN
cjfa-259	35	14	most	most	ADJ
cjfa-259	35	15	of	of	ADP
cjfa-259	35	16	the	the	DET
cjfa-259	35	17	governments	government	NOUN
cjfa-259	35	18	of	of	ADP
cjfa-259	35	19	the	the	DET
cjfa-259	35	20	advanced	advanced	ADJ
cjfa-259	35	21	economies	economy	NOUN
cjfa-259	35	22	persistently	persistently	ADV
cjfa-259	35	23	run	run	VERB
cjfa-259	35	24	a	a	DET
cjfa-259	35	25	deficit	deficit	NOUN
cjfa-259	35	26	and	and	CCONJ
cjfa-259	35	27	consequently	consequently	ADV
cjfa-259	35	28	need	need	VERB
cjfa-259	35	29	to	to	PART
cjfa-259	35	30	finance	finance	VERB
cjfa-259	35	31	it	it	PRON
cjfa-259	35	32	mainly	mainly	ADV
cjfa-259	35	33	through	through	ADP
cjfa-259	35	34	the	the	DET
cjfa-259	35	35	debt	debt	NOUN
cjfa-259	35	36	markets	market	NOUN
cjfa-259	35	37	or	or	CCONJ
cjfa-259	35	38	loans	loan	NOUN
cjfa-259	35	39	from	from	ADP
cjfa-259	35	40	international	international	ADJ
cjfa-259	35	41	financial	financial	ADJ
cjfa-259	35	42	institutions	institution	NOUN
cjfa-259	35	43	(	(	PUNCT
cjfa-259	35	44	ifis	ifis	PROPN
cjfa-259	35	45	)	)	PUNCT
cjfa-259	35	46	.	.	PUNCT
cjfa-259	36	1	over	over	ADP
cjfa-259	36	2	the	the	DET
cjfa-259	36	3	last	last	ADJ
cjfa-259	36	4	decade	decade	NOUN
cjfa-259	36	5	,	,	PUNCT
cjfa-259	36	6	gross	gross	ADJ
cjfa-259	36	7	general	general	ADJ
cjfa-259	36	8	government	government	NOUN
cjfa-259	36	9	debt	debt	NOUN
cjfa-259	36	10	of	of	ADP
cjfa-259	36	11	the	the	DET
cjfa-259	36	12	oecd	oecd	PROPN
cjfa-259	36	13	countries	country	NOUN
cjfa-259	36	14	(	(	PUNCT
cjfa-259	36	15	measured	measure	VERB
cjfa-259	36	16	in	in	ADP
cjfa-259	36	17	relation	relation	NOUN
cjfa-259	36	18	to	to	ADP
cjfa-259	36	19	gdp	gdp	NOUN
cjfa-259	36	20	)	)	PUNCT
cjfa-259	36	21	has	have	AUX
cjfa-259	36	22	increased	increase	VERB
cjfa-259	36	23	from	from	ADP
cjfa-259	36	24	70	70	NUM
cjfa-259	36	25	%	%	NOUN
cjfa-259	36	26	to	to	PART
cjfa-259	36	27	97	97	NUM
cjfa-259	36	28	%	%	NOUN
cjfa-259	36	29	–	–	PUNCT
cjfa-259	36	30	figure	figure	NOUN
cjfa-259	36	31	1	1	NUM
cjfa-259	36	32	(	(	PUNCT
cjfa-259	36	33	oecd	oecd	PROPN
cjfa-259	36	34	2011	2011	NUM
cjfa-259	36	35	)	)	PUNCT
cjfa-259	36	36	.	.	PUNCT
cjfa-259	37	1	figure	figure	NOUN
cjfa-259	37	2	1	1	NUM
cjfa-259	37	3	.	.	PUNCT
cjfa-259	37	4	general	general	ADJ
cjfa-259	37	5	government	government	NOUN
cjfa-259	37	6	debt	debt	NOUN
cjfa-259	37	7	as	as	ADP
cjfa-259	37	8	a	a	DET
cjfa-259	37	9	percentage	percentage	NOUN
cjfa-259	37	10	of	of	ADP
cjfa-259	37	11	gdp	gdp	NOUN
cjfa-259	37	12	0	0	NUM
cjfa-259	37	13	50	50	NUM
cjfa-259	37	14	100	100	NUM
cjfa-259	37	15	150	150	NUM
cjfa-259	37	16	200	200	NUM
cjfa-259	37	17	250	250	NUM
cjfa-259	37	18	france	france	PROPN
cjfa-259	37	19	germany	germany	PROPN
cjfa-259	37	20	greece	greece	PROPN
cjfa-259	37	21	italy	italy	PROPN
cjfa-259	37	22	japan	japan	PROPN
cjfa-259	37	23	poland	poland	PROPN
cjfa-259	37	24	united	united	PROPN
cjfa-259	37	25	kingdom	kingdom	PROPN
cjfa-259	37	26	united	united	PROPN
cjfa-259	37	27	states	states	PROPN
cjfa-259	38	1	oecd	oecd	PROPN
cjfa-259	38	2	s	s	PART
cjfa-259	38	3	o	o	X
cjfa-259	38	4	u	u	NOUN
cjfa-259	38	5	r	r	NOUN
cjfa-259	38	6	c	c	NOUN
cjfa-259	38	7	e	e	NOUN
cjfa-259	38	8	o	o	NOUN
cjfa-259	38	9	f	f	PROPN
cjfa-259	39	1	d	d	X
cjfa-259	39	2	a	a	PROPN
cjfa-259	39	3	t	t	NOUN
cjfa-259	39	4	a	a	DET
cjfa-259	39	5	:	:	PUNCT
cjfa-259	39	6	oecd	oecd	PROPN
cjfa-259	39	7	2011	2011	NUM
cjfa-259	39	8	.	.	PUNCT
cjfa-259	40	1	around	around	ADV
cjfa-259	40	2	75	75	NUM
cjfa-259	40	3	%	%	NOUN
cjfa-259	40	4	of	of	ADP
cjfa-259	40	5	this	this	DET
cjfa-259	40	6	debt	debt	NOUN
cjfa-259	40	7	is	be	AUX
cjfa-259	40	8	primarily	primarily	ADV
cjfa-259	40	9	held	hold	VERB
cjfa-259	40	10	in	in	ADP
cjfa-259	40	11	marketable	marketable	ADJ
cjfa-259	40	12	bonds	bond	NOUN
cjfa-259	40	13	,	,	PUNCT
cjfa-259	40	14	a	a	DET
cjfa-259	40	15	further	further	ADJ
cjfa-259	40	16	16	16	NUM
cjfa-259	40	17	%	%	NOUN
cjfa-259	40	18	in	in	ADP
cjfa-259	40	19	money	money	NOUN
cjfa-259	40	20	market	market	NOUN
cjfa-259	40	21	instruments	instrument	NOUN
cjfa-259	40	22	,	,	PUNCT
cjfa-259	40	23	whilst	whilst	SCONJ
cjfa-259	40	24	9	9	NUM
cjfa-259	40	25	%	%	NOUN
cjfa-259	40	26	are	be	AUX
cjfa-259	40	27	non	non	ADJ
cjfa-259	40	28	-	-	ADJ
cjfa-259	40	29	marketable	marketable	ADJ
cjfa-259	40	30	instruments	instrument	NOUN
cjfa-259	40	31	like	like	ADP
cjfa-259	40	32	saving	save	VERB
cjfa-259	40	33	bonds	bond	NOUN
cjfa-259	40	34	or	or	CCONJ
cjfa-259	40	35	loans	loan	NOUN
cjfa-259	40	36	(	(	PUNCT
cjfa-259	40	37	oecd	oecd	PROPN
cjfa-259	40	38	2010	2010	NUM
cjfa-259	40	39	)	)	PUNCT
cjfa-259	40	40	.	.	PUNCT
cjfa-259	41	1	governments	government	NOUN
cjfa-259	41	2	’	'	PUNCT
cjfa-259	41	3	net	net	ADJ
cjfa-259	41	4	issues	issue	NOUN
cjfa-259	41	5	of	of	ADP
cjfa-259	41	6	international	international	ADJ
cjfa-259	41	7	debt	debt	NOUN
cjfa-259	41	8	securities	security	NOUN
cjfa-259	41	9	in	in	ADP
cjfa-259	41	10	2011	2011	NUM
cjfa-259	41	11	reached	reach	VERB
cjfa-259	41	12	usd	usd	NOUN
cjfa-259	41	13	174bn	174bn	NOUN
cjfa-259	41	14	,	,	PUNCT
cjfa-259	41	15	increasing	increase	VERB
cjfa-259	41	16	the	the	DET
cjfa-259	41	17	total	total	ADJ
cjfa-259	41	18	outstanding	outstanding	ADJ
cjfa-259	41	19	international	international	ADJ
cjfa-259	41	20	debt	debt	NOUN
cjfa-259	41	21	at	at	ADP
cjfa-259	41	22	the	the	DET
cjfa-259	41	23	end	end	NOUN
cjfa-259	41	24	of	of	ADP
cjfa-259	41	25	the	the	DET
cjfa-259	41	26	year	year	NOUN
cjfa-259	41	27	to	to	ADP
cjfa-259	41	28	usd	usd	NOUN
cjfa-259	41	29	2,534bn	2,534bn	NUM
cjfa-259	41	30	(	(	PUNCT
cjfa-259	41	31	bis	bis	ADJ
cjfa-259	41	32	2012	2012	NUM
cjfa-259	41	33	)	)	PUNCT
cjfa-259	41	34	.	.	PUNCT
cjfa-259	42	1	domestic	domestic	ADJ
cjfa-259	42	2	issues	issue	NOUN
cjfa-259	42	3	further	far	ADV
cjfa-259	42	4	raised	raise	VERB
cjfa-259	42	5	the	the	DET
cjfa-259	42	6	stock	stock	NOUN
cjfa-259	42	7	of	of	ADP
cjfa-259	42	8	domestic	domestic	ADJ
cjfa-259	42	9	government	government	NOUN
cjfa-259	42	10	debt	debt	NOUN
cjfa-259	42	11	by	by	ADP
cjfa-259	42	12	usd	usd	NOUN
cjfa-259	42	13	2,540bn	2,540bn	NOUN
cjfa-259	42	14	to	to	ADP
cjfa-259	42	15	usd	usd	VERB
cjfa-259	42	16	42,109bn	42,109bn	ADJ
cjfa-259	42	17	in	in	ADP
cjfa-259	42	18	2011	2011	NUM
cjfa-259	42	19	,	,	PUNCT
cjfa-259	42	20	an	an	DET
cjfa-259	42	21	increase	increase	NOUN
cjfa-259	42	22	of	of	ADP
cjfa-259	42	23	over	over	ADP
cjfa-259	42	24	20	20	NUM
cjfa-259	42	25	%	%	NOUN
cjfa-259	42	26	since	since	SCONJ
cjfa-259	42	27	2009	2009	NUM
cjfa-259	42	28	(	(	PUNCT
cjfa-259	42	29	bis	bis	PROPN
cjfa-259	42	30	2012	2012	NUM
cjfa-259	42	31	)	)	PUNCT
cjfa-259	42	32	.	.	PUNCT
cjfa-259	43	1	sebastian	sebastian	PROPN
cjfa-259	43	2	hyżyk	hyżyk	PROPN
cjfa-259	43	3	or	or	CCONJ
cjfa-259	43	4	68	68	NUM
cjfa-259	43	5	in	in	ADP
cjfa-259	43	6	the	the	DET
cjfa-259	43	7	medium	medium	NOUN
cjfa-259	43	8	to	to	PART
cjfa-259	43	9	long	long	ADJ
cjfa-259	43	10	run	run	NOUN
cjfa-259	43	11	,	,	PUNCT
cjfa-259	43	12	the	the	DET
cjfa-259	43	13	governments	government	NOUN
cjfa-259	43	14	’	’	PART
cjfa-259	43	15	borrowing	borrowing	NOUN
cjfa-259	43	16	in	in	ADP
cjfa-259	43	17	advanced	advanced	ADJ
cjfa-259	43	18	economies	economy	NOUN
cjfa-259	43	19	is	be	AUX
cjfa-259	43	20	expected	expect	VERB
cjfa-259	43	21	to	to	PART
cjfa-259	43	22	rise	rise	VERB
cjfa-259	43	23	as	as	SCONJ
cjfa-259	43	24	fiscal	fiscal	ADJ
cjfa-259	43	25	deficits	deficit	NOUN
cjfa-259	43	26	will	will	AUX
cjfa-259	43	27	remain	remain	VERB
cjfa-259	43	28	high	high	ADJ
cjfa-259	43	29	,	,	PUNCT
cjfa-259	43	30	due	due	ADP
cjfa-259	43	31	to	to	ADP
cjfa-259	43	32	the	the	DET
cjfa-259	43	33	effects	effect	NOUN
cjfa-259	43	34	of	of	ADP
cjfa-259	43	35	the	the	DET
cjfa-259	43	36	ageing	age	VERB
cjfa-259	43	37	population	population	NOUN
cjfa-259	43	38	and	and	CCONJ
cjfa-259	43	39	subsequent	subsequent	ADJ
cjfa-259	43	40	increase	increase	NOUN
cjfa-259	43	41	in	in	ADP
cjfa-259	43	42	healthcare	healthcare	NOUN
cjfa-259	43	43	and	and	CCONJ
cjfa-259	43	44	pension	pension	NOUN
cjfa-259	43	45	costs	cost	NOUN
cjfa-259	43	46	.	.	PUNCT
cjfa-259	44	1	the	the	DET
cjfa-259	44	2	financial	financial	ADJ
cjfa-259	44	3	crisis	crisis	NOUN
cjfa-259	44	4	and	and	CCONJ
cjfa-259	44	5	the	the	DET
cjfa-259	44	6	recession	recession	NOUN
cjfa-259	44	7	that	that	PRON
cjfa-259	44	8	followed	follow	VERB
cjfa-259	44	9	have	have	AUX
cjfa-259	44	10	worsened	worsen	VERB
cjfa-259	44	11	the	the	DET
cjfa-259	44	12	condition	condition	NOUN
cjfa-259	44	13	of	of	ADP
cjfa-259	44	14	public	public	ADJ
cjfa-259	44	15	finance	finance	NOUN
cjfa-259	44	16	in	in	ADP
cjfa-259	44	17	advanced	advanced	ADJ
cjfa-259	44	18	economies	economy	NOUN
cjfa-259	44	19	and	and	CCONJ
cjfa-259	44	20	have	have	AUX
cjfa-259	44	21	increased	increase	VERB
cjfa-259	44	22	the	the	DET
cjfa-259	44	23	investors	investor	NOUN
cjfa-259	44	24	’	'	PUNCT
cjfa-259	44	25	concern	concern	NOUN
cjfa-259	44	26	about	about	ADP
cjfa-259	44	27	sovereign	sovereign	ADJ
cjfa-259	44	28	risk	risk	NOUN
cjfa-259	44	29	.	.	PUNCT
cjfa-259	45	1	this	this	DET
cjfa-259	45	2	concern	concern	NOUN
cjfa-259	45	3	translates	translate	VERB
cjfa-259	45	4	into	into	ADP
cjfa-259	45	5	higher	high	ADJ
cjfa-259	45	6	funding	funding	NOUN
cjfa-259	45	7	cost	cost	NOUN
cjfa-259	45	8	for	for	ADP
cjfa-259	45	9	governments	government	NOUN
cjfa-259	45	10	and	and	CCONJ
cjfa-259	45	11	adversely	adversely	ADV
cjfa-259	45	12	impacts	impact	VERB
cjfa-259	45	13	banks	bank	NOUN
cjfa-259	45	14	and	and	CCONJ
cjfa-259	45	15	financial	financial	ADJ
cjfa-259	45	16	markets	market	NOUN
cjfa-259	45	17	.	.	PUNCT
cjfa-259	46	1	2	2	X
cjfa-259	46	2	.	.	X
cjfa-259	46	3	financial	financial	ADJ
cjfa-259	46	4	and	and	CCONJ
cjfa-259	46	5	legal	legal	ADJ
cjfa-259	46	6	risks	risk	NOUN
cjfa-259	46	7	in	in	ADP
cjfa-259	46	8	lending	lend	VERB
cjfa-259	46	9	to	to	ADP
cjfa-259	46	10	sovereigns	sovereign	NOUN
cjfa-259	46	11	the	the	DET
cjfa-259	46	12	financial	financial	ADJ
cjfa-259	46	13	markets	market	NOUN
cjfa-259	46	14	are	be	AUX
cjfa-259	46	15	well	well	ADV
cjfa-259	46	16	accustomed	accustomed	ADJ
cjfa-259	46	17	to	to	ADP
cjfa-259	46	18	the	the	DET
cjfa-259	46	19	risk	risk	NOUN
cjfa-259	46	20	of	of	ADP
cjfa-259	46	21	sovereign	sovereign	ADJ
cjfa-259	46	22	default	default	NOUN
cjfa-259	46	23	.	.	PUNCT
cjfa-259	47	1	recent	recent	ADJ
cjfa-259	47	2	history	history	NOUN
cjfa-259	47	3	recalls	recall	VERB
cjfa-259	47	4	the	the	DET
cjfa-259	47	5	latin	latin	ADJ
cjfa-259	47	6	american	american	ADJ
cjfa-259	47	7	case	case	NOUN
cjfa-259	47	8	in	in	ADP
cjfa-259	47	9	the	the	DET
cjfa-259	47	10	1980s	1980	NOUN
cjfa-259	47	11	and	and	CCONJ
cjfa-259	47	12	the	the	DET
cjfa-259	47	13	russian	russian	ADJ
cjfa-259	47	14	case	case	NOUN
cjfa-259	47	15	in	in	ADP
cjfa-259	47	16	1998	1998	NUM
cjfa-259	47	17	.	.	PUNCT
cjfa-259	48	1	reinhart	reinhart	PROPN
cjfa-259	48	2	and	and	CCONJ
cjfa-259	48	3	rogoff	rogoff	NOUN
cjfa-259	48	4	collected	collect	VERB
cjfa-259	48	5	over	over	ADP
cjfa-259	48	6	250	250	NUM
cjfa-259	48	7	sovereign	sovereign	ADJ
cjfa-259	48	8	external	external	ADJ
cjfa-259	48	9	defaults	default	NOUN
cjfa-259	48	10	over	over	ADP
cjfa-259	48	11	the	the	DET
cjfa-259	48	12	period	period	NOUN
cjfa-259	48	13	of	of	ADP
cjfa-259	48	14	1800–2008	1800–2008	NOUN
cjfa-259	48	15	(	(	PUNCT
cjfa-259	48	16	reinhart	reinhart	NOUN
cjfa-259	48	17	,	,	PUNCT
cjfa-259	48	18	rogoff	rogoff	NOUN
cjfa-259	48	19	2009	2009	NUM
cjfa-259	48	20	)	)	PUNCT
cjfa-259	48	21	.	.	PUNCT
cjfa-259	49	1	nonetheless	nonetheless	ADV
cjfa-259	49	2	,	,	PUNCT
cjfa-259	49	3	markets	market	NOUN
cjfa-259	49	4	are	be	AUX
cjfa-259	49	5	not	not	PART
cjfa-259	49	6	always	always	ADV
cjfa-259	49	7	properly	properly	ADV
cjfa-259	49	8	valuing	value	VERB
cjfa-259	49	9	that	that	DET
cjfa-259	49	10	risk	risk	NOUN
cjfa-259	49	11	and	and	CCONJ
cjfa-259	49	12	when	when	SCONJ
cjfa-259	49	13	they	they	PRON
cjfa-259	49	14	are	be	AUX
cjfa-259	49	15	,	,	PUNCT
cjfa-259	49	16	it	it	PRON
cjfa-259	49	17	is	be	AUX
cjfa-259	49	18	with	with	ADP
cjfa-259	49	19	delay	delay	NOUN
cjfa-259	49	20	.	.	PUNCT
cjfa-259	50	1	defaults	default	NOUN
cjfa-259	50	2	have	have	AUX
cjfa-259	50	3	often	often	ADV
cjfa-259	50	4	occurred	occur	VERB
cjfa-259	50	5	,	,	PUNCT
cjfa-259	50	6	in	in	ADP
cjfa-259	50	7	a	a	DET
cjfa-259	50	8	periods	period	NOUN
cjfa-259	50	9	of	of	ADP
cjfa-259	50	10	reduced	reduced	ADJ
cjfa-259	50	11	economic	economic	ADJ
cjfa-259	50	12	resilience	resilience	NOUN
cjfa-259	50	13	when	when	SCONJ
cjfa-259	50	14	the	the	DET
cjfa-259	50	15	governments	government	NOUN
cjfa-259	50	16	were	be	AUX
cjfa-259	50	17	confronted	confront	VERB
cjfa-259	50	18	with	with	ADP
cjfa-259	50	19	external	external	ADJ
cjfa-259	50	20	shocks	shock	NOUN
cjfa-259	50	21	and	and	CCONJ
cjfa-259	50	22	rapid	rapid	ADJ
cjfa-259	50	23	shift	shift	NOUN
cjfa-259	50	24	in	in	ADP
cjfa-259	50	25	market	market	NOUN
cjfa-259	50	26	perception	perception	NOUN
cjfa-259	50	27	.	.	PUNCT
cjfa-259	51	1	lenders	lender	NOUN
cjfa-259	51	2	are	be	AUX
cjfa-259	51	3	predominantly	predominantly	ADV
cjfa-259	51	4	occupied	occupy	VERB
cjfa-259	51	5	with	with	ADP
cjfa-259	51	6	credit	credit	NOUN
cjfa-259	51	7	risk	risk	NOUN
cjfa-259	51	8	,	,	PUNCT
cjfa-259	51	9	which	which	PRON
cjfa-259	51	10	involves	involve	VERB
cjfa-259	51	11	the	the	DET
cjfa-259	51	12	risk	risk	NOUN
cjfa-259	51	13	that	that	SCONJ
cjfa-259	51	14	the	the	DET
cjfa-259	51	15	governments	government	NOUN
cjfa-259	51	16	will	will	AUX
cjfa-259	51	17	stop	stop	VERB
cjfa-259	51	18	servicing	service	VERB
cjfa-259	51	19	debt	debt	NOUN
cjfa-259	51	20	or	or	CCONJ
cjfa-259	51	21	force	force	VERB
cjfa-259	51	22	creditors	creditor	NOUN
cjfa-259	51	23	to	to	PART
cjfa-259	51	24	accept	accept	VERB
cjfa-259	51	25	a	a	DET
cjfa-259	51	26	variation	variation	NOUN
cjfa-259	51	27	in	in	ADP
cjfa-259	51	28	bond	bond	NOUN
cjfa-259	51	29	terms	term	NOUN
cjfa-259	51	30	that	that	PRON
cjfa-259	51	31	results	result	VERB
cjfa-259	51	32	in	in	ADP
cjfa-259	51	33	the	the	DET
cjfa-259	51	34	loss	loss	NOUN
cjfa-259	51	35	of	of	ADP
cjfa-259	51	36	value	value	NOUN
cjfa-259	51	37	.	.	PUNCT
cjfa-259	52	1	however	however	ADV
cjfa-259	52	2	,	,	PUNCT
cjfa-259	52	3	in	in	ADP
cjfa-259	52	4	the	the	DET
cjfa-259	52	5	case	case	NOUN
cjfa-259	52	6	of	of	ADP
cjfa-259	52	7	governments	government	NOUN
cjfa-259	52	8	,	,	PUNCT
cjfa-259	52	9	one	one	PRON
cjfa-259	52	10	has	have	VERB
cjfa-259	52	11	to	to	PART
cjfa-259	52	12	consider	consider	VERB
cjfa-259	52	13	the	the	DET
cjfa-259	52	14	consequences	consequence	NOUN
cjfa-259	52	15	of	of	ADP
cjfa-259	52	16	the	the	DET
cjfa-259	52	17	concept	concept	NOUN
cjfa-259	52	18	of	of	ADP
cjfa-259	52	19	sovereignty	sovereignty	NOUN
cjfa-259	52	20	,	,	PUNCT
cjfa-259	52	21	which	which	PRON
cjfa-259	52	22	is	be	AUX
cjfa-259	52	23	referred	refer	VERB
cjfa-259	52	24	to	to	ADP
cjfa-259	52	25	as	as	ADP
cjfa-259	52	26	an	an	DET
cjfa-259	52	27	ability	ability	NOUN
cjfa-259	52	28	of	of	ADP
cjfa-259	52	29	states	state	NOUN
cjfa-259	52	30	to	to	PART
cjfa-259	52	31	legislate	legislate	VERB
cjfa-259	52	32	without	without	ADP
cjfa-259	52	33	legal	legal	ADJ
cjfa-259	52	34	limitation	limitation	NOUN
cjfa-259	52	35	other	other	ADJ
cjfa-259	52	36	than	than	ADP
cjfa-259	52	37	that	that	PRON
cjfa-259	52	38	set	set	VERB
cjfa-259	52	39	by	by	ADP
cjfa-259	52	40	themselves	themselves	PRON
cjfa-259	52	41	and	and	CCONJ
cjfa-259	52	42	the	the	DET
cjfa-259	52	43	reach	reach	NOUN
cjfa-259	52	44	of	of	ADP
cjfa-259	52	45	international	international	ADJ
cjfa-259	52	46	law	law	NOUN
cjfa-259	52	47	.	.	PUNCT
cjfa-259	53	1	it	it	PRON
cjfa-259	53	2	relates	relate	VERB
cjfa-259	53	3	to	to	ADP
cjfa-259	53	4	a	a	DET
cjfa-259	53	5	“	"	PUNCT
cjfa-259	53	6	government	government	NOUN
cjfa-259	53	7	decision	decision	NOUN
cjfa-259	53	8	-	-	PUNCT
cjfa-259	53	9	making	make	VERB
cjfa-259	53	10	power	power	NOUN
cjfa-259	53	11	”	"	PUNCT
cjfa-259	53	12	,	,	PUNCT
cjfa-259	53	13	exercised	exercise	VERB
cjfa-259	53	14	over	over	ADP
cjfa-259	53	15	its	its	PRON
cjfa-259	53	16	territory	territory	NOUN
cjfa-259	53	17	and	and	CCONJ
cjfa-259	53	18	citizens	citizen	NOUN
cjfa-259	53	19	(	(	PUNCT
cjfa-259	53	20	jackson	jackson	PROPN
cjfa-259	53	21	2003	2003	NUM
cjfa-259	53	22	)	)	PUNCT
cjfa-259	53	23	.	.	PUNCT
cjfa-259	54	1	the	the	DET
cjfa-259	54	2	concept	concept	NOUN
cjfa-259	54	3	of	of	ADP
cjfa-259	54	4	sovereignty	sovereignty	NOUN
cjfa-259	54	5	entails	entail	VERB
cjfa-259	54	6	the	the	DET
cjfa-259	54	7	possibility	possibility	NOUN
cjfa-259	54	8	for	for	SCONJ
cjfa-259	54	9	the	the	DET
cjfa-259	54	10	government	government	NOUN
cjfa-259	54	11	to	to	PART
cjfa-259	54	12	refrain	refrain	VERB
cjfa-259	54	13	from	from	ADP
cjfa-259	54	14	servicing	service	VERB
cjfa-259	54	15	the	the	DET
cjfa-259	54	16	debt	debt	NOUN
cjfa-259	54	17	,	,	PUNCT
cjfa-259	54	18	even	even	ADV
cjfa-259	54	19	if	if	SCONJ
cjfa-259	54	20	it	it	PRON
cjfa-259	54	21	has	have	VERB
cjfa-259	54	22	sufficient	sufficient	ADJ
cjfa-259	54	23	resources	resource	NOUN
cjfa-259	54	24	.	.	PUNCT
cjfa-259	55	1	the	the	DET
cjfa-259	55	2	government	government	NOUN
cjfa-259	55	3	may	may	AUX
cjfa-259	55	4	decide	decide	VERB
cjfa-259	55	5	that	that	SCONJ
cjfa-259	55	6	the	the	DET
cjfa-259	55	7	economic	economic	ADJ
cjfa-259	55	8	,	,	PUNCT
cjfa-259	55	9	political	political	ADJ
cjfa-259	55	10	or	or	CCONJ
cjfa-259	55	11	social	social	ADJ
cjfa-259	55	12	costs	cost	NOUN
cjfa-259	55	13	of	of	ADP
cjfa-259	55	14	repaying	repay	VERB
cjfa-259	55	15	the	the	DET
cjfa-259	55	16	debt	debt	NOUN
cjfa-259	55	17	may	may	AUX
cjfa-259	55	18	outweigh	outweigh	VERB
cjfa-259	55	19	the	the	DET
cjfa-259	55	20	consequences	consequence	NOUN
cjfa-259	55	21	of	of	ADP
cjfa-259	55	22	default	default	NOUN
cjfa-259	55	23	.	.	PUNCT
cjfa-259	56	1	in	in	ADP
cjfa-259	56	2	fact	fact	NOUN
cjfa-259	56	3	,	,	PUNCT
cjfa-259	56	4	reinhart	reinhart	NOUN
cjfa-259	56	5	and	and	CCONJ
cjfa-259	56	6	rogoff	rogoff	NOUN
cjfa-259	56	7	concluded	conclude	VERB
cjfa-259	56	8	that	that	SCONJ
cjfa-259	56	9	most	most	ADJ
cjfa-259	56	10	of	of	ADP
cjfa-259	56	11	the	the	DET
cjfa-259	56	12	defaults	default	NOUN
cjfa-259	56	13	in	in	ADP
cjfa-259	56	14	the	the	DET
cjfa-259	56	15	period	period	NOUN
cjfa-259	56	16	of	of	ADP
cjfa-259	56	17	1970–2008	1970–2008	NUM
cjfa-259	56	18	occurred	occur	VERB
cjfa-259	56	19	at	at	ADP
cjfa-259	56	20	levels	level	NOUN
cjfa-259	56	21	of	of	ADP
cjfa-259	56	22	external	external	ADJ
cjfa-259	56	23	debt	debt	NOUN
cjfa-259	56	24	to	to	ADP
cjfa-259	56	25	gdp	gdp	NOUN
cjfa-259	56	26	below	below	ADP
cjfa-259	56	27	60	60	NUM
cjfa-259	56	28	%	%	NOUN
cjfa-259	56	29	,	,	PUNCT
cjfa-259	56	30	which	which	PRON
cjfa-259	56	31	could	could	AUX
cjfa-259	56	32	have	have	AUX
cjfa-259	56	33	been	be	AUX
cjfa-259	56	34	in	in	ADP
cjfa-259	56	35	most	most	ADJ
cjfa-259	56	36	cases	case	NOUN
cjfa-259	56	37	sustained	sustain	VERB
cjfa-259	56	38	(	(	PUNCT
cjfa-259	56	39	reinhart	reinhart	NOUN
cjfa-259	56	40	,	,	PUNCT
cjfa-259	56	41	rogoff	rogoff	NOUN
cjfa-259	56	42	2009	2009	NUM
cjfa-259	56	43	)	)	PUNCT
cjfa-259	56	44	.	.	PUNCT
cjfa-259	57	1	sovereigns	sovereign	NOUN
cjfa-259	57	2	’	'	PUNCT
cjfa-259	57	3	creditors	creditor	NOUN
cjfa-259	57	4	are	be	AUX
cjfa-259	57	5	also	also	ADV
cjfa-259	57	6	exposed	expose	VERB
cjfa-259	57	7	to	to	ADP
cjfa-259	57	8	legal	legal	ADJ
cjfa-259	57	9	risks	risk	NOUN
cjfa-259	57	10	i.e.	i.e.	X
cjfa-259	57	11	the	the	DET
cjfa-259	57	12	risk	risk	NOUN
cjfa-259	57	13	that	that	PRON
cjfa-259	57	14	inadequate	inadequate	ADJ
cjfa-259	57	15	legal	legal	ADJ
cjfa-259	57	16	rules	rule	NOUN
cjfa-259	57	17	in	in	ADP
cjfa-259	57	18	the	the	DET
cjfa-259	57	19	relevant	relevant	ADJ
cjfa-259	57	20	jurisdiction	jurisdiction	NOUN
cjfa-259	57	21	do	do	AUX
cjfa-259	57	22	not	not	PART
cjfa-259	57	23	allow	allow	VERB
cjfa-259	57	24	interests	interest	NOUN
cjfa-259	57	25	in	in	ADP
cjfa-259	57	26	securities	security	NOUN
cjfa-259	57	27	to	to	PART
cjfa-259	57	28	be	be	AUX
cjfa-259	57	29	acquired	acquire	VERB
cjfa-259	57	30	,	,	PUNCT
cjfa-259	57	31	enforced	enforce	VERB
cjfa-259	57	32	and	and	CCONJ
cjfa-259	57	33	transferred	transfer	VERB
cjfa-259	57	34	(	(	PUNCT
cjfa-259	57	35	transfer	transfer	NOUN
cjfa-259	57	36	risk	risk	NOUN
cjfa-259	57	37	)	)	PUNCT
cjfa-259	57	38	.	.	PUNCT
cjfa-259	58	1	this	this	DET
cjfa-259	58	2	risk	risk	NOUN
cjfa-259	58	3	also	also	ADV
cjfa-259	58	4	arises	arise	VERB
cjfa-259	58	5	when	when	SCONJ
cjfa-259	58	6	the	the	DET
cjfa-259	58	7	law	law	NOUN
cjfa-259	58	8	of	of	ADP
cjfa-259	58	9	one	one	NUM
cjfa-259	58	10	constituency	constituency	NOUN
cjfa-259	58	11	does	do	AUX
cjfa-259	58	12	not	not	PART
cjfa-259	58	13	recognise	recognise	VERB
cjfa-259	58	14	interests	interest	NOUN
cjfa-259	58	15	in	in	ADP
cjfa-259	58	16	assets	asset	NOUN
cjfa-259	58	17	created	create	VERB
cjfa-259	58	18	under	under	ADP
cjfa-259	58	19	the	the	DET
cjfa-259	58	20	law	law	NOUN
cjfa-259	58	21	of	of	ADP
cjfa-259	58	22	another	another	DET
cjfa-259	58	23	constituency	constituency	NOUN
cjfa-259	58	24	.	.	PUNCT
cjfa-259	59	1	selected	select	VERB
cjfa-259	59	2	aspects	aspect	NOUN
cjfa-259	59	3	of	of	ADP
cjfa-259	59	4	due	due	ADJ
cjfa-259	59	5	diligence	diligence	NOUN
cjfa-259	59	6	of	of	ADP
cjfa-259	59	7	sovereigns	sovereign	NOUN
cjfa-259	59	8	69	69	NUM
cjfa-259	59	9	the	the	DET
cjfa-259	59	10	current	current	ADJ
cjfa-259	59	11	eurozone	eurozone	NOUN
cjfa-259	59	12	debt	debt	NOUN
cjfa-259	59	13	crisis	crisis	NOUN
cjfa-259	59	14	encompasses	encompass	VERB
cjfa-259	59	15	another	another	DET
cjfa-259	59	16	aspect	aspect	NOUN
cjfa-259	59	17	of	of	ADP
cjfa-259	59	18	the	the	DET
cjfa-259	59	19	legal	legal	ADJ
cjfa-259	59	20	risk	risk	NOUN
cjfa-259	59	21	.	.	PUNCT
cjfa-259	60	1	the	the	DET
cjfa-259	60	2	monetary	monetary	ADJ
cjfa-259	60	3	union	union	NOUN
cjfa-259	60	4	may	may	AUX
cjfa-259	60	5	break	break	VERB
cjfa-259	60	6	up2	up2	PROPN
cjfa-259	60	7	in	in	ADP
cjfa-259	60	8	the	the	DET
cjfa-259	60	9	absence	absence	NOUN
cjfa-259	60	10	of	of	ADP
cjfa-259	60	11	legal	legal	ADJ
cjfa-259	60	12	rules	rule	NOUN
cjfa-259	60	13	governing	govern	VERB
cjfa-259	60	14	such	such	DET
cjfa-259	60	15	a	a	DET
cjfa-259	60	16	process	process	NOUN
cjfa-259	60	17	.	.	PUNCT
cjfa-259	61	1	there	there	PRON
cjfa-259	61	2	is	be	VERB
cjfa-259	61	3	an	an	DET
cjfa-259	61	4	uncertainty	uncertainty	NOUN
cjfa-259	61	5	when	when	SCONJ
cjfa-259	61	6	and	and	CCONJ
cjfa-259	61	7	how	how	SCONJ
cjfa-259	61	8	such	such	ADJ
cjfa-259	61	9	rules	rule	NOUN
cjfa-259	61	10	will	will	AUX
cjfa-259	61	11	eventually	eventually	ADV
cjfa-259	61	12	be	be	AUX
cjfa-259	61	13	adopted	adopt	VERB
cjfa-259	61	14	,	,	PUNCT
cjfa-259	61	15	and	and	CCONJ
cjfa-259	61	16	more	more	ADV
cjfa-259	61	17	importantly	importantly	ADV
cjfa-259	61	18	in	in	ADP
cjfa-259	61	19	what	what	DET
cjfa-259	61	20	currency	currency	NOUN
cjfa-259	61	21	the	the	DET
cjfa-259	61	22	debt	debt	NOUN
cjfa-259	61	23	will	will	AUX
cjfa-259	61	24	be	be	AUX
cjfa-259	61	25	serviced	service	VERB
cjfa-259	61	26	.	.	PUNCT
cjfa-259	62	1	the	the	DET
cjfa-259	62	2	country	country	NOUN
cjfa-259	62	3	leaving	leave	VERB
cjfa-259	62	4	the	the	DET
cjfa-259	62	5	eurozone	eurozone	NOUN
cjfa-259	62	6	may	may	AUX
cjfa-259	62	7	,	,	PUNCT
cjfa-259	62	8	by	by	ADP
cjfa-259	62	9	law	law	NOUN
cjfa-259	62	10	and	and	CCONJ
cjfa-259	62	11	in	in	ADP
cjfa-259	62	12	line	line	NOUN
cjfa-259	62	13	with	with	ADP
cjfa-259	62	14	the	the	DET
cjfa-259	62	15	concept	concept	NOUN
cjfa-259	62	16	of	of	ADP
cjfa-259	62	17	sovereignty	sovereignty	NOUN
cjfa-259	62	18	,	,	PUNCT
cjfa-259	62	19	redenominate	redenominate	VERB
cjfa-259	62	20	its	its	PRON
cjfa-259	62	21	debt	debt	NOUN
cjfa-259	62	22	into	into	ADP
cjfa-259	62	23	another	another	DET
cjfa-259	62	24	currency	currency	NOUN
cjfa-259	62	25	worth	worth	ADJ
cjfa-259	62	26	less	less	ADJ
cjfa-259	62	27	than	than	ADP
cjfa-259	62	28	the	the	DET
cjfa-259	62	29	euro	euro	NOUN
cjfa-259	62	30	.	.	PUNCT
cjfa-259	63	1	3	3	X
cjfa-259	63	2	.	.	X
cjfa-259	63	3	credit	credit	NOUN
cjfa-259	63	4	risk	risk	NOUN
cjfa-259	63	5	assessment	assessment	NOUN
cjfa-259	63	6	the	the	DET
cjfa-259	63	7	multidimensional	multidimensional	ADJ
cjfa-259	63	8	concept	concept	NOUN
cjfa-259	63	9	of	of	ADP
cjfa-259	63	10	a	a	DET
cjfa-259	63	11	sovereign	sovereign	NOUN
cjfa-259	63	12	and	and	CCONJ
cjfa-259	63	13	its	its	PRON
cjfa-259	63	14	complex	complex	ADJ
cjfa-259	63	15	decision	decision	NOUN
cjfa-259	63	16	-	-	PUNCT
cjfa-259	63	17	making	make	VERB
cjfa-259	63	18	process	process	NOUN
cjfa-259	63	19	require	require	VERB
cjfa-259	63	20	special	special	ADJ
cjfa-259	63	21	attention	attention	NOUN
cjfa-259	63	22	from	from	ADP
cjfa-259	63	23	the	the	DET
cjfa-259	63	24	creditors	creditor	NOUN
cjfa-259	63	25	and	and	CCONJ
cjfa-259	63	26	pose	pose	VERB
cjfa-259	63	27	a	a	DET
cjfa-259	63	28	challenge	challenge	NOUN
cjfa-259	63	29	in	in	ADP
cjfa-259	63	30	the	the	DET
cjfa-259	63	31	assessment	assessment	NOUN
cjfa-259	63	32	of	of	ADP
cjfa-259	63	33	the	the	DET
cjfa-259	63	34	probability	probability	NOUN
cjfa-259	63	35	of	of	ADP
cjfa-259	63	36	default	default	NOUN
cjfa-259	63	37	.	.	PUNCT
cjfa-259	64	1	to	to	ADP
cjfa-259	64	2	this	this	DET
cjfa-259	64	3	end	end	NOUN
cjfa-259	64	4	,	,	PUNCT
cjfa-259	64	5	the	the	DET
cjfa-259	64	6	investors	investor	NOUN
cjfa-259	64	7	or	or	CCONJ
cjfa-259	64	8	lenders	lender	NOUN
cjfa-259	64	9	may	may	AUX
cjfa-259	64	10	rely	rely	VERB
cjfa-259	64	11	on	on	ADP
cjfa-259	64	12	the	the	DET
cjfa-259	64	13	ratings	rating	NOUN
cjfa-259	64	14	provided	provide	VERB
cjfa-259	64	15	by	by	ADP
cjfa-259	64	16	the	the	DET
cjfa-259	64	17	credit	credit	NOUN
cjfa-259	64	18	rating	rating	NOUN
cjfa-259	64	19	agencies	agency	NOUN
cjfa-259	64	20	or	or	CCONJ
cjfa-259	64	21	develop	develop	VERB
cjfa-259	64	22	their	their	PRON
cjfa-259	64	23	own	own	ADJ
cjfa-259	64	24	proprietary	proprietary	ADJ
cjfa-259	64	25	methodologies	methodology	NOUN
cjfa-259	64	26	.	.	PUNCT
cjfa-259	65	1	publicly	publicly	ADV
cjfa-259	65	2	available	available	ADJ
cjfa-259	65	3	methodologies	methodology	NOUN
cjfa-259	65	4	of	of	ADP
cjfa-259	65	5	the	the	DET
cjfa-259	65	6	credit	credit	NOUN
cjfa-259	65	7	rating	rating	NOUN
cjfa-259	65	8	agencies	agency	NOUN
cjfa-259	65	9	also	also	ADV
cjfa-259	65	10	provide	provide	VERB
cjfa-259	65	11	a	a	DET
cjfa-259	65	12	benchmark	benchmark	NOUN
cjfa-259	65	13	for	for	ADP
cjfa-259	65	14	in	in	ADP
cjfa-259	65	15	-	-	PUNCT
cjfa-259	65	16	house	house	NOUN
cjfa-259	65	17	models	model	NOUN
cjfa-259	65	18	.	.	PUNCT
cjfa-259	66	1	hereafter	hereafter	ADV
cjfa-259	66	2	,	,	PUNCT
cjfa-259	66	3	the	the	DET
cjfa-259	66	4	core	core	ADJ
cjfa-259	66	5	elements	element	NOUN
cjfa-259	66	6	of	of	ADP
cjfa-259	66	7	two	two	NUM
cjfa-259	66	8	such	such	ADJ
cjfa-259	66	9	methodologies	methodology	NOUN
cjfa-259	66	10	applied	apply	VERB
cjfa-259	66	11	by	by	ADP
cjfa-259	66	12	the	the	DET
cjfa-259	66	13	dominant	dominant	ADJ
cjfa-259	66	14	credit	credit	NOUN
cjfa-259	66	15	rating	rating	NOUN
cjfa-259	66	16	agencies	agency	NOUN
cjfa-259	66	17	will	will	AUX
cjfa-259	66	18	be	be	AUX
cjfa-259	66	19	presented.3	presented.3	PROPN
cjfa-259	66	20	moody	moody	PROPN
cjfa-259	66	21	’s	’s	PART
cjfa-259	66	22	approach	approach	NOUN
cjfa-259	66	23	examines	examine	VERB
cjfa-259	66	24	two	two	NUM
cjfa-259	66	25	factors	factor	NOUN
cjfa-259	66	26	:	:	PUNCT
cjfa-259	66	27	a	a	DET
cjfa-259	66	28	country	country	NOUN
cjfa-259	66	29	’s	’s	PART
cjfa-259	66	30	economic	economic	ADJ
cjfa-259	66	31	resilience	resilience	NOUN
cjfa-259	66	32	and	and	CCONJ
cjfa-259	66	33	financial	financial	ADJ
cjfa-259	66	34	strength	strength	NOUN
cjfa-259	66	35	(	(	PUNCT
cjfa-259	66	36	figure	figure	NOUN
cjfa-259	66	37	2	2	NUM
cjfa-259	66	38	)	)	PUNCT
cjfa-259	66	39	.	.	PUNCT
cjfa-259	67	1	the	the	DET
cjfa-259	67	2	former	former	ADJ
cjfa-259	67	3	is	be	AUX
cjfa-259	67	4	further	far	ADV
cjfa-259	67	5	analysing	analyse	VERB
cjfa-259	67	6	the	the	DET
cjfa-259	67	7	economic	economic	ADJ
cjfa-259	67	8	resilience	resilience	NOUN
cjfa-259	67	9	of	of	ADP
cjfa-259	67	10	the	the	DET
cjfa-259	67	11	sovereign	sovereign	NOUN
cjfa-259	67	12	in	in	ADP
cjfa-259	67	13	terms	term	NOUN
cjfa-259	67	14	of	of	ADP
cjfa-259	67	15	ability	ability	NOUN
cjfa-259	67	16	to	to	PART
cjfa-259	67	17	absorb	absorb	VERB
cjfa-259	67	18	shocks	shock	NOUN
cjfa-259	67	19	and	and	CCONJ
cjfa-259	67	20	its	its	PRON
cjfa-259	67	21	institutional	institutional	ADJ
cjfa-259	67	22	capacity	capacity	NOUN
cjfa-259	67	23	and	and	CCONJ
cjfa-259	67	24	governance	governance	NOUN
cjfa-259	67	25	framework	framework	NOUN
cjfa-259	67	26	.	.	PUNCT
cjfa-259	68	1	the	the	DET
cjfa-259	68	2	latter	latter	ADJ
cjfa-259	68	3	focuses	focus	VERB
cjfa-259	68	4	on	on	ADP
cjfa-259	68	5	the	the	DET
cjfa-259	68	6	financial	financial	ADJ
cjfa-259	68	7	strength	strength	NOUN
cjfa-259	68	8	of	of	ADP
cjfa-259	68	9	the	the	DET
cjfa-259	68	10	sovereign	sovereign	NOUN
cjfa-259	68	11	and	and	CCONJ
cjfa-259	68	12	its	its	PRON
cjfa-259	68	13	susceptibility	susceptibility	NOUN
cjfa-259	68	14	to	to	PART
cjfa-259	68	15	event	event	NOUN
cjfa-259	68	16	risk	risk	NOUN
cjfa-259	68	17	(	(	PUNCT
cjfa-259	68	18	moody	moody	PROPN
cjfa-259	68	19	’s	’s	PART
cjfa-259	68	20	2008	2008	NUM
cjfa-259	68	21	)	)	PUNCT
cjfa-259	68	22	.	.	PUNCT
cjfa-259	69	1	in	in	ADP
cjfa-259	69	2	order	order	NOUN
cjfa-259	69	3	to	to	PART
cjfa-259	69	4	determine	determine	VERB
cjfa-259	69	5	the	the	DET
cjfa-259	69	6	capacity	capacity	NOUN
cjfa-259	69	7	to	to	PART
cjfa-259	69	8	timely	timely	ADV
cjfa-259	69	9	raise	raise	VERB
cjfa-259	69	10	funds	fund	NOUN
cjfa-259	69	11	in	in	ADP
cjfa-259	69	12	the	the	DET
cjfa-259	69	13	local	local	ADJ
cjfa-259	69	14	currency	currency	NOUN
cjfa-259	69	15	,	,	PUNCT
cjfa-259	69	16	moody	moody	PROPN
cjfa-259	69	17	’s	’s	PART
cjfa-259	69	18	analyses	analyse	VERB
cjfa-259	69	19	the	the	DET
cjfa-259	69	20	financial	financial	ADJ
cjfa-259	69	21	resources	resource	NOUN
cjfa-259	69	22	of	of	ADP
cjfa-259	69	23	the	the	DET
cjfa-259	69	24	sovereign	sovereign	NOUN
cjfa-259	69	25	and	and	CCONJ
cjfa-259	69	26	the	the	DET
cjfa-259	69	27	ability	ability	NOUN
cjfa-259	69	28	to	to	PART
cjfa-259	69	29	monetise	monetise	VERB
cjfa-259	69	30	them	they	PRON
cjfa-259	69	31	.	.	PUNCT
cjfa-259	70	1	in	in	ADP
cjfa-259	70	2	general	general	ADJ
cjfa-259	70	3	,	,	PUNCT
cjfa-259	70	4	a	a	DET
cjfa-259	70	5	governments	government	NOUN
cjfa-259	70	6	’	’	PART
cjfa-259	70	7	spectrum	spectrum	NOUN
cjfa-259	70	8	of	of	ADP
cjfa-259	70	9	tools	tool	NOUN
cjfa-259	70	10	comprises	comprise	VERB
cjfa-259	70	11	increasing	increase	VERB
cjfa-259	70	12	revenues	revenue	NOUN
cjfa-259	70	13	through	through	ADP
cjfa-259	70	14	taxation	taxation	NOUN
cjfa-259	70	15	and/or	and/or	CCONJ
cjfa-259	70	16	reducing	reduce	VERB
cjfa-259	70	17	expenditures	expenditure	NOUN
cjfa-259	70	18	through	through	ADP
cjfa-259	70	19	cuts	cut	NOUN
cjfa-259	70	20	,	,	PUNCT
cjfa-259	70	21	assets	asset	NOUN
cjfa-259	70	22	privatisation	privatisation	NOUN
cjfa-259	70	23	,	,	PUNCT
cjfa-259	70	24	and	and	CCONJ
cjfa-259	70	25	obtaining	obtain	VERB
cjfa-259	70	26	financing	financing	NOUN
cjfa-259	70	27	from	from	ADP
cjfa-259	70	28	the	the	DET
cjfa-259	70	29	central	central	ADJ
cjfa-259	70	30	bank	bank	NOUN
cjfa-259	70	31	.	.	PUNCT
cjfa-259	71	1	all	all	PRON
cjfa-259	71	2	of	of	ADP
cjfa-259	71	3	these	these	DET
cjfa-259	71	4	approaches	approach	NOUN
cjfa-259	71	5	,	,	PUNCT
cjfa-259	71	6	however	however	ADV
cjfa-259	71	7	,	,	PUNCT
cjfa-259	71	8	entail	entail	VERB
cjfa-259	71	9	risks	risk	NOUN
cjfa-259	71	10	of	of	ADP
cjfa-259	71	11	rising	rise	VERB
cjfa-259	71	12	political	political	ADJ
cjfa-259	71	13	or	or	CCONJ
cjfa-259	71	14	social	social	ADJ
cjfa-259	71	15	discontent	discontent	NOUN
cjfa-259	71	16	.	.	PUNCT
cjfa-259	72	1	2	2	NUM
cjfa-259	72	2	 	 	SPACE
cjfa-259	72	3	among	among	ADP
cjfa-259	72	4	the	the	DET
cjfa-259	72	5	current	current	ADJ
cjfa-259	72	6	challenges	challenge	NOUN
cjfa-259	72	7	faced	face	VERB
cjfa-259	72	8	by	by	ADP
cjfa-259	72	9	the	the	DET
cjfa-259	72	10	major	major	ADJ
cjfa-259	72	11	european	european	ADJ
cjfa-259	72	12	economies	economy	NOUN
cjfa-259	72	13	is	be	AUX
cjfa-259	72	14	the	the	DET
cjfa-259	72	15	loss	loss	NOUN
cjfa-259	72	16	of	of	ADP
cjfa-259	72	17	their	their	PRON
cjfa-259	72	18	competitiveness	competitiveness	NOUN
cjfa-259	72	19	.	.	PUNCT
cjfa-259	73	1	in	in	ADP
cjfa-259	73	2	the	the	DET
cjfa-259	73	3	past	past	NOUN
cjfa-259	73	4	,	,	PUNCT
cjfa-259	73	5	currency	currency	NOUN
cjfa-259	73	6	devaluation	devaluation	NOUN
cjfa-259	73	7	was	be	AUX
cjfa-259	73	8	a	a	DET
cjfa-259	73	9	short	short	ADJ
cjfa-259	73	10	-	-	PUNCT
cjfa-259	73	11	term	term	NOUN
cjfa-259	73	12	option	option	NOUN
cjfa-259	73	13	to	to	PART
cjfa-259	73	14	inject	inject	VERB
cjfa-259	73	15	dynamism	dynamism	NOUN
cjfa-259	73	16	into	into	ADP
cjfa-259	73	17	the	the	DET
cjfa-259	73	18	economy	economy	NOUN
cjfa-259	73	19	.	.	PUNCT
cjfa-259	74	1	within	within	ADP
cjfa-259	74	2	the	the	DET
cjfa-259	74	3	eurozone	eurozone	NOUN
cjfa-259	74	4	that	that	DET
cjfa-259	74	5	option	option	NOUN
cjfa-259	74	6	is	be	AUX
cjfa-259	74	7	not	not	PART
cjfa-259	74	8	available	available	ADJ
cjfa-259	74	9	.	.	PUNCT
cjfa-259	75	1	hence	hence	ADV
cjfa-259	75	2	,	,	PUNCT
cjfa-259	75	3	the	the	DET
cjfa-259	75	4	possibility	possibility	NOUN
cjfa-259	75	5	of	of	ADP
cjfa-259	75	6	a	a	DET
cjfa-259	75	7	return	return	NOUN
cjfa-259	75	8	to	to	ADP
cjfa-259	75	9	local	local	ADJ
cjfa-259	75	10	currency	currency	NOUN
cjfa-259	75	11	and	and	CCONJ
cjfa-259	75	12	its	its	PRON
cjfa-259	75	13	subsequent	subsequent	ADJ
cjfa-259	75	14	devaluation	devaluation	NOUN
cjfa-259	75	15	is	be	AUX
cjfa-259	75	16	sometimes	sometimes	ADV
cjfa-259	75	17	discussed	discuss	VERB
cjfa-259	75	18	among	among	ADP
cjfa-259	75	19	policy	policy	NOUN
cjfa-259	75	20	options	option	NOUN
cjfa-259	75	21	.	.	PUNCT
cjfa-259	76	1	3	3	NUM
cjfa-259	76	2	 	 	SPACE
cjfa-259	76	3	the	the	DET
cjfa-259	76	4	credit	credit	NOUN
cjfa-259	76	5	risk	risk	NOUN
cjfa-259	76	6	ratings	rating	NOUN
cjfa-259	76	7	market	market	NOUN
cjfa-259	76	8	is	be	AUX
cjfa-259	76	9	an	an	DET
cjfa-259	76	10	oligopolistic	oligopolistic	ADJ
cjfa-259	76	11	one	one	NOUN
cjfa-259	76	12	,	,	PUNCT
cjfa-259	76	13	dominated	dominate	VERB
cjfa-259	76	14	by	by	ADP
cjfa-259	76	15	moody	moody	PROPN
cjfa-259	76	16	’s	’s	PART
cjfa-259	76	17	and	and	CCONJ
cjfa-259	76	18	standard	standard	ADJ
cjfa-259	76	19	and	and	CCONJ
cjfa-259	76	20	poor	poor	ADJ
cjfa-259	76	21	’s	’s	ADV
cjfa-259	76	22	,	,	PUNCT
cjfa-259	76	23	which	which	PRON
cjfa-259	76	24	together	together	ADV
cjfa-259	76	25	have	have	VERB
cjfa-259	76	26	88	88	NUM
cjfa-259	76	27	%	%	NOUN
cjfa-259	76	28	of	of	ADP
cjfa-259	76	29	all	all	DET
cjfa-259	76	30	outstanding	outstanding	ADJ
cjfa-259	76	31	governments	government	NOUN
cjfa-259	76	32	’	'	PUNCT
cjfa-259	76	33	ratings	rating	NOUN
cjfa-259	76	34	(	(	PUNCT
cjfa-259	76	35	us	us	PROPN
cjfa-259	76	36	securities	securities	PROPN
cjfa-259	76	37	and	and	CCONJ
cjfa-259	76	38	exchange	exchange	PROPN
cjfa-259	76	39	commission	commission	PROPN
cjfa-259	76	40	2012	2012	NUM
cjfa-259	76	41	)	)	PUNCT
cjfa-259	76	42	.	.	PUNCT
cjfa-259	77	1	sebastian	sebastian	PROPN
cjfa-259	77	2	hyżyk	hyżyk	PROPN
cjfa-259	77	3	or	or	CCONJ
cjfa-259	77	4	70	70	NUM
cjfa-259	77	5	figure	figure	NOUN
cjfa-259	77	6	2	2	NUM
cjfa-259	77	7	.	.	PUNCT
cjfa-259	77	8	basic	basic	ADJ
cjfa-259	77	9	factors	factor	NOUN
cjfa-259	77	10	influencing	influence	VERB
cjfa-259	77	11	credit	credit	NOUN
cjfa-259	77	12	rating	rating	NOUN
cjfa-259	77	13	of	of	ADP
cjfa-259	77	14	sovereign	sovereign	NOUN
cjfa-259	77	15	in	in	ADP
cjfa-259	77	16	moody	moody	PROPN
cjfa-259	77	17	’s	’s	PART
cjfa-259	77	18	model	model	NOUN
cjfa-259	77	19	economic	economic	ADJ
cjfa-259	77	20	strength	strength	NOUN
cjfa-259	77	21	institutional	institutional	ADJ
cjfa-259	77	22	capacity	capacity	NOUN
cjfa-259	77	23	financial	financial	ADJ
cjfa-259	77	24	strength	strength	NOUN
cjfa-259	77	25	event	event	NOUN
cjfa-259	77	26	risk	risk	VERB
cjfa-259	77	27	economic	economic	ADJ
cjfa-259	77	28	resilience	resilience	NOUN
cjfa-259	77	29	local	local	ADJ
cjfa-259	77	30	currency	currency	NOUN
cjfa-259	77	31	sovereign	sovereign	ADJ
cjfa-259	77	32	credit	credit	NOUN
cjfa-259	77	33	rating	rating	NOUN
cjfa-259	77	34	financial	financial	ADJ
cjfa-259	77	35	robustness	robustness	NOUN
cjfa-259	77	36	s	s	PART
cjfa-259	77	37	o	o	NOUN
cjfa-259	77	38	u	u	NOUN
cjfa-259	77	39	r	r	NOUN
cjfa-259	77	40	c	c	NOUN
cjfa-259	77	41	e	e	NOUN
cjfa-259	77	42	:	:	PUNCT
cjfa-259	77	43	based	base	VERB
cjfa-259	77	44	on	on	ADP
cjfa-259	77	45	moody	moody	PROPN
cjfa-259	77	46	’s	’s	PART
cjfa-259	77	47	(	(	PUNCT
cjfa-259	77	48	2008	2008	NUM
cjfa-259	77	49	)	)	PUNCT
cjfa-259	77	50	.	.	PUNCT
cjfa-259	78	1	the	the	DET
cjfa-259	78	2	economic	economic	ADJ
cjfa-259	78	3	resilience	resilience	NOUN
cjfa-259	78	4	is	be	AUX
cjfa-259	78	5	analysed	analyse	VERB
cjfa-259	78	6	by	by	ADP
cjfa-259	78	7	looking	look	VERB
cjfa-259	78	8	at	at	ADP
cjfa-259	78	9	gdp	gdp	NOUN
cjfa-259	78	10	per	per	ADP
cjfa-259	78	11	capita	capita	X
cjfa-259	78	12	(	(	PUNCT
cjfa-259	78	13	multiyear	multiyear	ADJ
cjfa-259	78	14	average	average	NOUN
cjfa-259	78	15	in	in	ADP
cjfa-259	78	16	ppp	ppp	NOUN
cjfa-259	78	17	terms	term	NOUN
cjfa-259	78	18	)	)	PUNCT
cjfa-259	78	19	,	,	PUNCT
cjfa-259	78	20	scale	scale	NOUN
cjfa-259	78	21	and	and	CCONJ
cjfa-259	78	22	diversification	diversification	NOUN
cjfa-259	78	23	of	of	ADP
cjfa-259	78	24	the	the	DET
cjfa-259	78	25	economy	economy	NOUN
cjfa-259	78	26	(	(	PUNCT
cjfa-259	78	27	measured	measure	VERB
cjfa-259	78	28	by	by	ADP
cjfa-259	78	29	long	long	ADJ
cjfa-259	78	30	-	-	PUNCT
cjfa-259	78	31	term	term	NOUN
cjfa-259	78	32	volatility	volatility	NOUN
cjfa-259	78	33	of	of	ADP
cjfa-259	78	34	output	output	NOUN
cjfa-259	78	35	)	)	PUNCT
cjfa-259	78	36	and	and	CCONJ
cjfa-259	78	37	long	long	ADJ
cjfa-259	78	38	-	-	PUNCT
cjfa-259	78	39	term	term	NOUN
cjfa-259	78	40	structural	structural	ADJ
cjfa-259	78	41	factors	factor	NOUN
cjfa-259	78	42	(	(	PUNCT
cjfa-259	78	43	such	such	ADJ
cjfa-259	78	44	as	as	ADP
cjfa-259	78	45	investments	investment	NOUN
cjfa-259	78	46	in	in	ADP
cjfa-259	78	47	human	human	ADJ
cjfa-259	78	48	capital	capital	NOUN
cjfa-259	78	49	,	,	PUNCT
cjfa-259	78	50	innovations	innovation	NOUN
cjfa-259	78	51	or	or	CCONJ
cjfa-259	78	52	integration	integration	NOUN
cjfa-259	78	53	into	into	ADP
cjfa-259	78	54	economic	economic	ADJ
cjfa-259	78	55	or	or	CCONJ
cjfa-259	78	56	trade	trade	NOUN
cjfa-259	78	57	zones	zone	NOUN
cjfa-259	78	58	)	)	PUNCT
cjfa-259	78	59	.	.	PUNCT
cjfa-259	79	1	given	give	VERB
cjfa-259	79	2	the	the	DET
cjfa-259	79	3	abovementioned	abovementione	VERB
cjfa-259	79	4	attributes	attribute	NOUN
cjfa-259	79	5	of	of	ADP
cjfa-259	79	6	sovereigns	sovereign	NOUN
cjfa-259	79	7	,	,	PUNCT
cjfa-259	79	8	the	the	DET
cjfa-259	79	9	framework	framework	NOUN
cjfa-259	79	10	looks	look	VERB
cjfa-259	79	11	both	both	PRON
cjfa-259	79	12	at	at	ADP
cjfa-259	79	13	the	the	DET
cjfa-259	79	14	ability	ability	NOUN
cjfa-259	79	15	to	to	PART
cjfa-259	79	16	repay	repay	VERB
cjfa-259	79	17	and	and	CCONJ
cjfa-259	79	18	the	the	DET
cjfa-259	79	19	willingness	willingness	NOUN
cjfa-259	79	20	to	to	PART
cjfa-259	79	21	repay	repay	VERB
cjfa-259	79	22	.	.	PUNCT
cjfa-259	80	1	the	the	DET
cjfa-259	80	2	latter	latter	ADJ
cjfa-259	80	3	is	be	AUX
cjfa-259	80	4	analysed	analyse	VERB
cjfa-259	80	5	with	with	ADP
cjfa-259	80	6	the	the	DET
cjfa-259	80	7	aid	aid	NOUN
cjfa-259	80	8	of	of	ADP
cjfa-259	80	9	the	the	DET
cjfa-259	80	10	assessment	assessment	NOUN
cjfa-259	80	11	of	of	ADP
cjfa-259	80	12	governance	governance	NOUN
cjfa-259	80	13	framework	framework	NOUN
cjfa-259	80	14	or	or	CCONJ
cjfa-259	80	15	institutional	institutional	ADJ
cjfa-259	80	16	strength	strength	NOUN
cjfa-259	80	17	.	.	PUNCT
cjfa-259	81	1	institutions	institution	NOUN
cjfa-259	81	2	are	be	AUX
cjfa-259	81	3	considered	consider	VERB
cjfa-259	81	4	in	in	ADP
cjfa-259	81	5	a	a	DET
cjfa-259	81	6	sense	sense	NOUN
cjfa-259	81	7	of	of	ADP
cjfa-259	81	8	institutional	institutional	ADJ
cjfa-259	81	9	economy	economy	NOUN
cjfa-259	81	10	i.e.	i.e.	ADV
cjfa-259	81	11	as	as	ADP
cjfa-259	81	12	a	a	DET
cjfa-259	81	13	set	set	NOUN
cjfa-259	81	14	of	of	ADP
cjfa-259	81	15	formal	formal	ADJ
cjfa-259	81	16	rules	rule	NOUN
cjfa-259	81	17	or	or	CCONJ
cjfa-259	81	18	informal	informal	ADJ
cjfa-259	81	19	conventions	convention	NOUN
cjfa-259	81	20	like	like	ADP
cjfa-259	81	21	property	property	NOUN
cjfa-259	81	22	rights	right	NOUN
cjfa-259	81	23	,	,	PUNCT
cjfa-259	81	24	contracts	contract	NOUN
cjfa-259	81	25	enforcement	enforcement	NOUN
cjfa-259	81	26	,	,	PUNCT
cjfa-259	81	27	government	government	NOUN
cjfa-259	81	28	policy	policy	NOUN
cjfa-259	81	29	,	,	PUNCT
cjfa-259	81	30	predictability	predictability	NOUN
cjfa-259	81	31	and	and	CCONJ
cjfa-259	81	32	transparency	transparency	NOUN
cjfa-259	81	33	.	.	PUNCT
cjfa-259	82	1	immature	immature	ADJ
cjfa-259	82	2	or	or	CCONJ
cjfa-259	82	3	unpredictable	unpredictable	ADJ
cjfa-259	82	4	institutions	institution	NOUN
cjfa-259	82	5	increase	increase	VERB
cjfa-259	82	6	the	the	DET
cjfa-259	82	7	risk	risk	NOUN
cjfa-259	82	8	that	that	PRON
cjfa-259	82	9	sudden	sudden	ADJ
cjfa-259	82	10	shocks	shock	NOUN
cjfa-259	82	11	will	will	AUX
cjfa-259	82	12	result	result	VERB
cjfa-259	82	13	in	in	ADP
cjfa-259	82	14	default	default	NOUN
cjfa-259	82	15	.	.	PUNCT
cjfa-259	83	1	the	the	DET
cjfa-259	83	2	metrics	metric	NOUN
cjfa-259	83	3	that	that	PRON
cjfa-259	83	4	supplement	supplement	VERB
cjfa-259	83	5	the	the	DET
cjfa-259	83	6	qualitative	qualitative	ADJ
cjfa-259	83	7	judgement	judgement	NOUN
cjfa-259	83	8	include	include	VERB
cjfa-259	83	9	the	the	DET
cjfa-259	83	10	world	world	NOUN
cjfa-259	83	11	bank	bank	NOUN
cjfa-259	83	12	rule	rule	NOUN
cjfa-259	83	13	of	of	ADP
cjfa-259	83	14	law	law	NOUN
cjfa-259	83	15	,	,	PUNCT
cjfa-259	83	16	and	and	CCONJ
cjfa-259	83	17	the	the	DET
cjfa-259	83	18	government	government	NOUN
cjfa-259	83	19	effectiveness	effectiveness	NOUN
cjfa-259	83	20	index	index	NOUN
cjfa-259	83	21	(	(	PUNCT
cjfa-259	83	22	worldwide	worldwide	ADJ
cjfa-259	83	23	governance	governance	NOUN
cjfa-259	83	24	indicators	indicator	NOUN
cjfa-259	83	25	)	)	PUNCT
cjfa-259	83	26	.	.	PUNCT
cjfa-259	84	1	the	the	DET
cjfa-259	84	2	rule	rule	NOUN
cjfa-259	84	3	of	of	ADP
cjfa-259	84	4	law	law	NOUN
cjfa-259	84	5	indicator	indicator	NOUN
cjfa-259	84	6	attempts	attempt	VERB
cjfa-259	84	7	to	to	PART
cjfa-259	84	8	capture	capture	VERB
cjfa-259	84	9	the	the	DET
cjfa-259	84	10	quality	quality	NOUN
cjfa-259	84	11	of	of	ADP
cjfa-259	84	12	contract	contract	NOUN
cjfa-259	84	13	enforcement	enforcement	NOUN
cjfa-259	84	14	,	,	PUNCT
cjfa-259	84	15	property	property	NOUN
cjfa-259	84	16	rights	right	NOUN
cjfa-259	84	17	,	,	PUNCT
cjfa-259	84	18	effectiveness	effectiveness	NOUN
cjfa-259	84	19	of	of	ADP
cjfa-259	84	20	the	the	DET
cjfa-259	84	21	police	police	NOUN
cjfa-259	84	22	,	,	PUNCT
cjfa-259	84	23	and	and	CCONJ
cjfa-259	84	24	the	the	DET
cjfa-259	84	25	courts	court	NOUN
cjfa-259	84	26	,	,	PUNCT
cjfa-259	84	27	as	as	ADV
cjfa-259	84	28	well	well	ADV
cjfa-259	84	29	as	as	ADP
cjfa-259	84	30	the	the	DET
cjfa-259	84	31	occurrence	occurrence	NOUN
cjfa-259	84	32	of	of	ADP
cjfa-259	84	33	crime	crime	NOUN
cjfa-259	84	34	and	and	CCONJ
cjfa-259	84	35	violence.4	violence.4	VERB
cjfa-259	84	36	the	the	DET
cjfa-259	84	37	government	government	NOUN
cjfa-259	84	38	effectiveness	effectiveness	NOUN
cjfa-259	84	39	index	index	NOUN
cjfa-259	84	40	attempts	attempt	VERB
cjfa-259	84	41	to	to	PART
cjfa-259	84	42	assess	assess	VERB
cjfa-259	84	43	the	the	DET
cjfa-259	84	44	quality	quality	NOUN
cjfa-259	84	45	of	of	ADP
cjfa-259	84	46	public	public	ADJ
cjfa-259	84	47	services	service	NOUN
cjfa-259	84	48	,	,	PUNCT
cjfa-259	84	49	the	the	DET
cjfa-259	84	50	quality	quality	NOUN
cjfa-259	84	51	of	of	ADP
cjfa-259	84	52	the	the	DET
cjfa-259	84	53	civil	civil	ADJ
cjfa-259	84	54	service	service	NOUN
cjfa-259	84	55	and	and	CCONJ
cjfa-259	84	56	its	its	PRON
cjfa-259	84	57	independence	independence	NOUN
cjfa-259	84	58	from	from	ADP
cjfa-259	84	59	political	political	ADJ
cjfa-259	84	60	pressures	pressure	NOUN
cjfa-259	84	61	,	,	PUNCT
cjfa-259	84	62	the	the	DET
cjfa-259	84	63	quality	quality	NOUN
cjfa-259	84	64	of	of	ADP
cjfa-259	84	65	4	4	NUM
cjfa-259	84	66	 	 	SPACE
cjfa-259	84	67	the	the	DET
cjfa-259	84	68	indicator	indicator	NOUN
cjfa-259	84	69	ranges	range	VERB
cjfa-259	84	70	from	from	ADP
cjfa-259	84	71	-2.5	-2.5	PROPN
cjfa-259	84	72	(	(	PUNCT
cjfa-259	84	73	weakest	weak	ADJ
cjfa-259	84	74	)	)	PUNCT
cjfa-259	84	75	to	to	ADP
cjfa-259	84	76	2.5	2.5	NUM
cjfa-259	84	77	(	(	PUNCT
cjfa-259	84	78	strongest	strong	ADJ
cjfa-259	84	79	)	)	PUNCT
cjfa-259	84	80	.	.	PUNCT
cjfa-259	85	1	as	as	ADP
cjfa-259	85	2	for	for	ADP
cjfa-259	85	3	2011	2011	NUM
cjfa-259	85	4	,	,	PUNCT
cjfa-259	85	5	finland	finland	PROPN
cjfa-259	85	6	scores	score	NOUN
cjfa-259	85	7	1.96	1.96	NUM
cjfa-259	85	8	,	,	PUNCT
cjfa-259	85	9	germany	germany	NOUN
cjfa-259	85	10	1.62	1.62	NUM
cjfa-259	85	11	,	,	PUNCT
cjfa-259	85	12	while	while	SCONJ
cjfa-259	85	13	poland	poland	PROPN
cjfa-259	85	14	0.73	0.73	NUM
cjfa-259	85	15	,	,	PUNCT
cjfa-259	85	16	greece	greece	PROPN
cjfa-259	85	17	0.57	0.57	NUM
cjfa-259	85	18	,	,	PUNCT
cjfa-259	85	19	italy	italy	PROPN
cjfa-259	85	20	0.41	0.41	NUM
cjfa-259	85	21	and	and	CCONJ
cjfa-259	85	22	bulgaria	bulgaria	PROPN
cjfa-259	85	23	-0.09	-0.09	PUNCT
cjfa-259	85	24	.	.	PROPN
cjfa-259	85	25	selected	select	VERB
cjfa-259	85	26	aspects	aspect	NOUN
cjfa-259	85	27	of	of	ADP
cjfa-259	85	28	due	due	ADJ
cjfa-259	85	29	diligence	diligence	NOUN
cjfa-259	85	30	of	of	ADP
cjfa-259	85	31	sovereigns	sovereign	NOUN
cjfa-259	85	32	71	71	NUM
cjfa-259	85	33	policy	policy	NOUN
cjfa-259	85	34	formulation	formulation	NOUN
cjfa-259	85	35	and	and	CCONJ
cjfa-259	85	36	implementation.5	implementation.5	ADP
cjfa-259	85	37	these	these	DET
cjfa-259	85	38	indicators	indicator	NOUN
cjfa-259	85	39	aggregate	aggregate	VERB
cjfa-259	85	40	data	datum	NOUN
cjfa-259	85	41	from	from	ADP
cjfa-259	85	42	various	various	ADJ
cjfa-259	85	43	public	public	ADJ
cjfa-259	85	44	and	and	CCONJ
cjfa-259	85	45	private	private	ADJ
cjfa-259	85	46	datasets	dataset	NOUN
cjfa-259	85	47	and	and	CCONJ
cjfa-259	85	48	surveys	survey	NOUN
cjfa-259	85	49	(	(	PUNCT
cjfa-259	85	50	kaufmann	kaufmann	PROPN
cjfa-259	85	51	et	et	PROPN
cjfa-259	85	52	al	al	PROPN
cjfa-259	85	53	.	.	PROPN
cjfa-259	85	54	2010	2010	NUM
cjfa-259	85	55	)	)	PUNCT
cjfa-259	85	56	.	.	PUNCT
cjfa-259	86	1	the	the	DET
cjfa-259	86	2	rating	rating	NOUN
cjfa-259	86	3	methodology	methodology	NOUN
cjfa-259	86	4	is	be	AUX
cjfa-259	86	5	based	base	VERB
cjfa-259	86	6	on	on	ADP
cjfa-259	86	7	the	the	DET
cjfa-259	86	8	assumption	assumption	NOUN
cjfa-259	86	9	that	that	SCONJ
cjfa-259	86	10	strong	strong	ADJ
cjfa-259	86	11	institutional	institutional	ADJ
cjfa-259	86	12	capacity	capacity	NOUN
cjfa-259	86	13	of	of	ADP
cjfa-259	86	14	the	the	DET
cjfa-259	86	15	public	public	ADJ
cjfa-259	86	16	authorities	authority	NOUN
cjfa-259	86	17	will	will	AUX
cjfa-259	86	18	enable	enable	VERB
cjfa-259	86	19	them	they	PRON
cjfa-259	86	20	to	to	PART
cjfa-259	86	21	formulate	formulate	VERB
cjfa-259	86	22	and	and	CCONJ
cjfa-259	86	23	implement	implement	VERB
cjfa-259	86	24	sound	sound	ADJ
cjfa-259	86	25	policies	policy	NOUN
cjfa-259	86	26	(	(	PUNCT
cjfa-259	86	27	effectiveness	effectiveness	NOUN
cjfa-259	86	28	)	)	PUNCT
cjfa-259	86	29	,	,	PUNCT
cjfa-259	86	30	which	which	PRON
cjfa-259	86	31	will	will	AUX
cjfa-259	86	32	be	be	AUX
cjfa-259	86	33	further	far	ADV
cjfa-259	86	34	respected	respect	VERB
cjfa-259	86	35	by	by	ADP
cjfa-259	86	36	the	the	DET
cjfa-259	86	37	citizens	citizen	NOUN
cjfa-259	86	38	(	(	PUNCT
cjfa-259	86	39	rule	rule	NOUN
cjfa-259	86	40	of	of	ADP
cjfa-259	86	41	law	law	NOUN
cjfa-259	86	42	)	)	PUNCT
cjfa-259	86	43	,	,	PUNCT
cjfa-259	86	44	thus	thus	ADV
cjfa-259	86	45	increasing	increase	VERB
cjfa-259	86	46	resilience	resilience	NOUN
cjfa-259	86	47	to	to	ADP
cjfa-259	86	48	economic	economic	ADJ
cjfa-259	86	49	shocks	shock	NOUN
cjfa-259	86	50	and	and	CCONJ
cjfa-259	86	51	reducing	reduce	VERB
cjfa-259	86	52	risk	risk	NOUN
cjfa-259	86	53	of	of	ADP
cjfa-259	86	54	default	default	NOUN
cjfa-259	86	55	.	.	PUNCT
cjfa-259	87	1	this	this	PRON
cjfa-259	87	2	is	be	AUX
cjfa-259	87	3	further	far	ADV
cjfa-259	87	4	complemented	complement	VERB
cjfa-259	87	5	by	by	ADP
cjfa-259	87	6	the	the	DET
cjfa-259	87	7	examination	examination	NOUN
cjfa-259	87	8	of	of	ADP
cjfa-259	87	9	the	the	DET
cjfa-259	87	10	financial	financial	ADJ
cjfa-259	87	11	strength	strength	NOUN
cjfa-259	87	12	of	of	ADP
cjfa-259	87	13	a	a	DET
cjfa-259	87	14	country	country	NOUN
cjfa-259	87	15	.	.	PUNCT
cjfa-259	88	1	this	this	PRON
cjfa-259	88	2	will	will	AUX
cjfa-259	88	3	attempt	attempt	VERB
cjfa-259	88	4	to	to	PART
cjfa-259	88	5	determine	determine	VERB
cjfa-259	88	6	if	if	SCONJ
cjfa-259	88	7	the	the	DET
cjfa-259	88	8	debt	debt	NOUN
cjfa-259	88	9	level	level	NOUN
cjfa-259	88	10	is	be	AUX
cjfa-259	88	11	affordable	affordable	ADJ
cjfa-259	88	12	for	for	ADP
cjfa-259	88	13	a	a	DET
cjfa-259	88	14	sovereign	sovereign	NOUN
cjfa-259	88	15	,	,	PUNCT
cjfa-259	88	16	given	give	VERB
cjfa-259	88	17	the	the	DET
cjfa-259	88	18	resources	resource	NOUN
cjfa-259	88	19	that	that	PRON
cjfa-259	88	20	could	could	AUX
cjfa-259	88	21	be	be	AUX
cjfa-259	88	22	mobilised	mobilise	VERB
cjfa-259	88	23	through	through	ADP
cjfa-259	88	24	its	its	PRON
cjfa-259	88	25	balancesheet	balancesheet	NOUN
cjfa-259	88	26	.	.	PUNCT
cjfa-259	89	1	the	the	DET
cjfa-259	89	2	analysis	analysis	NOUN
cjfa-259	89	3	is	be	AUX
cjfa-259	89	4	twofold	twofold	ADV
cjfa-259	89	5	.	.	PUNCT
cjfa-259	90	1	it	it	PRON
cjfa-259	90	2	assesses	assess	VERB
cjfa-259	90	3	the	the	DET
cjfa-259	90	4	debt	debt	NOUN
cjfa-259	90	5	intensity	intensity	NOUN
cjfa-259	90	6	(	(	PUNCT
cjfa-259	90	7	interest	interest	NOUN
cjfa-259	90	8	payments	payment	NOUN
cjfa-259	90	9	/	/	SYM
cjfa-259	90	10	revenues	revenue	NOUN
cjfa-259	90	11	metrics	metric	NOUN
cjfa-259	90	12	)	)	PUNCT
cjfa-259	90	13	,	,	PUNCT
cjfa-259	90	14	debt	debt	NOUN
cjfa-259	90	15	structure	structure	NOUN
cjfa-259	90	16	,	,	PUNCT
cjfa-259	90	17	its	its	PRON
cjfa-259	90	18	repayment	repayment	NOUN
cjfa-259	90	19	profile	profile	NOUN
cjfa-259	90	20	and	and	CCONJ
cjfa-259	90	21	dynamics	dynamic	NOUN
cjfa-259	90	22	.	.	PUNCT
cjfa-259	91	1	in	in	ADP
cjfa-259	91	2	particular	particular	ADJ
cjfa-259	91	3	,	,	PUNCT
cjfa-259	91	4	the	the	DET
cjfa-259	91	5	impact	impact	NOUN
cjfa-259	91	6	of	of	ADP
cjfa-259	91	7	an	an	DET
cjfa-259	91	8	ageing	age	VERB
cjfa-259	91	9	population	population	NOUN
cjfa-259	91	10	on	on	ADP
cjfa-259	91	11	the	the	DET
cjfa-259	91	12	future	future	ADJ
cjfa-259	91	13	liabilities	liability	NOUN
cjfa-259	91	14	to	to	ADP
cjfa-259	91	15	the	the	DET
cjfa-259	91	16	national	national	ADJ
cjfa-259	91	17	pension	pension	NOUN
cjfa-259	91	18	schemes	scheme	NOUN
cjfa-259	91	19	is	be	AUX
cjfa-259	91	20	taken	take	VERB
cjfa-259	91	21	into	into	ADP
cjfa-259	91	22	account	account	NOUN
cjfa-259	91	23	.	.	PUNCT
cjfa-259	92	1	a	a	DET
cjfa-259	92	2	stress	stress	NOUN
cjfa-259	92	3	test	test	NOUN
cjfa-259	92	4	of	of	ADP
cjfa-259	92	5	the	the	DET
cjfa-259	92	6	debt	debt	NOUN
cjfa-259	92	7	affordability	affordability	NOUN
cjfa-259	92	8	in	in	ADP
cjfa-259	92	9	response	response	NOUN
cjfa-259	92	10	to	to	ADP
cjfa-259	92	11	the	the	DET
cjfa-259	92	12	interest	interest	NOUN
cjfa-259	92	13	rate	rate	NOUN
cjfa-259	92	14	and	and	CCONJ
cjfa-259	92	15	exchange	exchange	NOUN
cjfa-259	92	16	rate	rate	NOUN
cjfa-259	92	17	shocks	shock	NOUN
cjfa-259	92	18	enhances	enhance	VERB
cjfa-259	92	19	the	the	DET
cjfa-259	92	20	picture	picture	NOUN
cjfa-259	92	21	.	.	PUNCT
cjfa-259	93	1	furthermore	furthermore	ADV
cjfa-259	93	2	,	,	PUNCT
cjfa-259	93	3	the	the	DET
cjfa-259	93	4	moody	moody	NOUN
cjfa-259	93	5	’s	’s	PART
cjfa-259	93	6	model	model	NOUN
cjfa-259	93	7	examines	examine	VERB
cjfa-259	93	8	the	the	DET
cjfa-259	93	9	potential	potential	NOUN
cjfa-259	93	10	of	of	ADP
cjfa-259	93	11	a	a	DET
cjfa-259	93	12	government	government	NOUN
cjfa-259	93	13	to	to	PART
cjfa-259	93	14	generate	generate	VERB
cjfa-259	93	15	resources	resource	NOUN
cjfa-259	93	16	in	in	ADP
cjfa-259	93	17	terms	term	NOUN
cjfa-259	93	18	of	of	ADP
cjfa-259	93	19	access	access	NOUN
cjfa-259	93	20	to	to	ADP
cjfa-259	93	21	markets	market	NOUN
cjfa-259	93	22	,	,	PUNCT
cjfa-259	93	23	privatisation	privatisation	NOUN
cjfa-259	93	24	or	or	CCONJ
cjfa-259	93	25	fiscal	fiscal	ADJ
cjfa-259	93	26	adjustments	adjustment	NOUN
cjfa-259	93	27	.	.	PUNCT
cjfa-259	94	1	the	the	DET
cjfa-259	94	2	depth	depth	NOUN
cjfa-259	94	3	of	of	ADP
cjfa-259	94	4	the	the	DET
cjfa-259	94	5	financial	financial	ADJ
cjfa-259	94	6	market	market	NOUN
cjfa-259	94	7	is	be	AUX
cjfa-259	94	8	approximated	approximate	VERB
cjfa-259	94	9	by	by	ADP
cjfa-259	94	10	the	the	DET
cjfa-259	94	11	relation	relation	NOUN
cjfa-259	94	12	of	of	ADP
cjfa-259	94	13	aggregated	aggregated	ADJ
cjfa-259	94	14	bank	bank	NOUN
cjfa-259	94	15	’s	’s	PART
cjfa-259	94	16	balance	balance	NOUN
cjfa-259	94	17	sheets	sheet	NOUN
cjfa-259	94	18	and	and	CCONJ
cjfa-259	94	19	marketable	marketable	ADJ
cjfa-259	94	20	financial	financial	ADJ
cjfa-259	94	21	instruments	instrument	NOUN
cjfa-259	94	22	to	to	ADP
cjfa-259	94	23	gdp	gdp	PROPN
cjfa-259	94	24	.	.	PUNCT
cjfa-259	95	1	the	the	DET
cjfa-259	95	2	sovereign	sovereign	NOUN
cjfa-259	95	3	’s	’s	PART
cjfa-259	95	4	flexibility	flexibility	NOUN
cjfa-259	95	5	in	in	ADP
cjfa-259	95	6	fiscal	fiscal	ADJ
cjfa-259	95	7	adjustment	adjustment	NOUN
cjfa-259	95	8	is	be	AUX
cjfa-259	95	9	measured	measure	VERB
cjfa-259	95	10	by	by	ADP
cjfa-259	95	11	debt	debt	NOUN
cjfa-259	95	12	/	/	SYM
cjfa-259	95	13	revenue	revenue	NOUN
cjfa-259	95	14	ratio	ratio	NOUN
cjfa-259	95	15	.	.	PUNCT
cjfa-259	96	1	however	however	ADV
cjfa-259	96	2	,	,	PUNCT
cjfa-259	96	3	it	it	PRON
cjfa-259	96	4	should	should	AUX
cjfa-259	96	5	be	be	AUX
cjfa-259	96	6	noted	note	VERB
cjfa-259	96	7	that	that	SCONJ
cjfa-259	96	8	this	this	DET
cjfa-259	96	9	flexibility	flexibility	NOUN
cjfa-259	96	10	may	may	AUX
cjfa-259	96	11	be	be	AUX
cjfa-259	96	12	hampered	hamper	VERB
cjfa-259	96	13	practically	practically	ADV
cjfa-259	96	14	by	by	ADP
cjfa-259	96	15	institutional	institutional	ADJ
cjfa-259	96	16	constraints	constraint	NOUN
cjfa-259	96	17	and	and	CCONJ
cjfa-259	96	18	public	public	ADJ
cjfa-259	96	19	acceptance	acceptance	NOUN
cjfa-259	96	20	of	of	ADP
cjfa-259	96	21	taxation	taxation	NOUN
cjfa-259	96	22	.	.	PUNCT
cjfa-259	97	1	the	the	DET
cjfa-259	97	2	last	last	ADJ
cjfa-259	97	3	factor	factor	NOUN
cjfa-259	97	4	taken	take	VERB
cjfa-259	97	5	into	into	ADP
cjfa-259	97	6	consideration	consideration	NOUN
cjfa-259	97	7	is	be	AUX
cjfa-259	97	8	the	the	DET
cjfa-259	97	9	country	country	NOUN
cjfa-259	97	10	’s	’s	PART
cjfa-259	97	11	susceptibility	susceptibility	NOUN
cjfa-259	97	12	to	to	ADP
cjfa-259	97	13	event	event	NOUN
cjfa-259	97	14	risk	risk	NOUN
cjfa-259	97	15	,	,	PUNCT
cjfa-259	97	16	which	which	PRON
cjfa-259	97	17	helps	help	VERB
cjfa-259	97	18	to	to	PART
cjfa-259	97	19	make	make	VERB
cjfa-259	97	20	a	a	DET
cjfa-259	97	21	distinction	distinction	NOUN
cjfa-259	97	22	between	between	ADP
cjfa-259	97	23	sovereigns	sovereign	NOUN
cjfa-259	97	24	that	that	PRON
cjfa-259	97	25	may	may	AUX
cjfa-259	97	26	be	be	AUX
cjfa-259	97	27	affected	affect	VERB
cjfa-259	97	28	by	by	ADP
cjfa-259	97	29	a	a	DET
cjfa-259	97	30	sudden	sudden	ADJ
cjfa-259	97	31	economic	economic	ADJ
cjfa-259	97	32	,	,	PUNCT
cjfa-259	97	33	financial	financial	ADJ
cjfa-259	97	34	or	or	CCONJ
cjfa-259	97	35	political	political	ADJ
cjfa-259	97	36	shock	shock	NOUN
cjfa-259	97	37	and	and	CCONJ
cjfa-259	97	38	do	do	AUX
cjfa-259	97	39	not	not	PART
cjfa-259	97	40	have	have	VERB
cjfa-259	97	41	the	the	DET
cjfa-259	97	42	capacity	capacity	NOUN
cjfa-259	97	43	to	to	PART
cjfa-259	97	44	withstand	withstand	VERB
cjfa-259	97	45	it	it	PRON
cjfa-259	97	46	.	.	PUNCT
cjfa-259	98	1	a	a	DET
cjfa-259	98	2	combination	combination	NOUN
cjfa-259	98	3	of	of	ADP
cjfa-259	98	4	those	those	DET
cjfa-259	98	5	two	two	NUM
cjfa-259	98	6	elements	element	NOUN
cjfa-259	98	7	,	,	PUNCT
cjfa-259	98	8	a	a	DET
cjfa-259	98	9	country	country	NOUN
cjfa-259	98	10	’s	’s	PART
cjfa-259	98	11	economic	economic	ADJ
cjfa-259	98	12	resilience	resilience	NOUN
cjfa-259	98	13	and	and	CCONJ
cjfa-259	98	14	financial	financial	ADJ
cjfa-259	98	15	strength	strength	NOUN
cjfa-259	98	16	,	,	PUNCT
cjfa-259	98	17	mapped	map	VERB
cjfa-259	98	18	on	on	ADP
cjfa-259	98	19	relative	relative	ADJ
cjfa-259	98	20	ordinal	ordinal	ADJ
cjfa-259	98	21	scales	scale	NOUN
cjfa-259	98	22	,	,	PUNCT
cjfa-259	98	23	leads	lead	VERB
cjfa-259	98	24	to	to	ADP
cjfa-259	98	25	the	the	DET
cjfa-259	98	26	proposal	proposal	NOUN
cjfa-259	98	27	of	of	ADP
cjfa-259	98	28	a	a	DET
cjfa-259	98	29	credit	credit	NOUN
cjfa-259	98	30	rating	rating	NOUN
cjfa-259	98	31	range	range	NOUN
cjfa-259	98	32	in	in	ADP
cjfa-259	98	33	local	local	ADJ
cjfa-259	98	34	currency	currency	NOUN
cjfa-259	98	35	.	.	PUNCT
cjfa-259	99	1	in	in	ADP
cjfa-259	99	2	order	order	NOUN
cjfa-259	99	3	to	to	PART
cjfa-259	99	4	translate	translate	VERB
cjfa-259	99	5	it	it	PRON
cjfa-259	99	6	to	to	ADP
cjfa-259	99	7	a	a	DET
cjfa-259	99	8	rating	rating	NOUN
cjfa-259	99	9	range	range	NOUN
cjfa-259	99	10	in	in	ADP
cjfa-259	99	11	foreign	foreign	ADJ
cjfa-259	99	12	currency	currency	NOUN
cjfa-259	99	13	,	,	PUNCT
cjfa-259	99	14	it	it	PRON
cjfa-259	99	15	requires	require	VERB
cjfa-259	99	16	additional	additional	ADJ
cjfa-259	99	17	assessment	assessment	NOUN
cjfa-259	99	18	of	of	ADP
cjfa-259	99	19	the	the	DET
cjfa-259	99	20	ability	ability	NOUN
cjfa-259	99	21	of	of	ADP
cjfa-259	99	22	a	a	DET
cjfa-259	99	23	government	government	NOUN
cjfa-259	99	24	to	to	PART
cjfa-259	99	25	conduct	conduct	VERB
cjfa-259	99	26	the	the	DET
cjfa-259	99	27	exchange	exchange	NOUN
cjfa-259	99	28	operation	operation	NOUN
cjfa-259	99	29	.	.	PUNCT
cjfa-259	100	1	it	it	PRON
cjfa-259	100	2	relates	relate	VERB
cjfa-259	100	3	to	to	ADP
cjfa-259	100	4	the	the	DET
cjfa-259	100	5	resilience	resilience	NOUN
cjfa-259	100	6	to	to	ADP
cjfa-259	100	7	a	a	DET
cjfa-259	100	8	currency	currency	NOUN
cjfa-259	100	9	crisis	crisis	NOUN
cjfa-259	100	10	and	and	CCONJ
cjfa-259	100	11	the	the	DET
cjfa-259	100	12	condition	condition	NOUN
cjfa-259	100	13	of	of	ADP
cjfa-259	100	14	the	the	DET
cjfa-259	100	15	balance	balance	NOUN
cjfa-259	100	16	of	of	ADP
cjfa-259	100	17	payments	payment	NOUN
cjfa-259	100	18	of	of	ADP
cjfa-259	100	19	a	a	DET
cjfa-259	100	20	country	country	NOUN
cjfa-259	100	21	.	.	PUNCT
cjfa-259	101	1	sovereigns	sovereign	NOUN
cjfa-259	101	2	with	with	ADP
cjfa-259	101	3	a	a	DET
cjfa-259	101	4	limited	limited	ADJ
cjfa-259	101	5	access	access	NOUN
cjfa-259	101	6	to	to	ADP
cjfa-259	101	7	international	international	ADJ
cjfa-259	101	8	markets	market	NOUN
cjfa-259	101	9	,	,	PUNCT
cjfa-259	101	10	low	low	ADJ
cjfa-259	101	11	foreign	foreign	ADJ
cjfa-259	101	12	reserves	reserve	NOUN
cjfa-259	101	13	(	(	PUNCT
cjfa-259	101	14	driven	drive	VERB
cjfa-259	101	15	by	by	ADP
cjfa-259	101	16	deficit	deficit	NOUN
cjfa-259	101	17	in	in	ADP
cjfa-259	101	18	current	current	ADJ
cjfa-259	101	19	account	account	NOUN
cjfa-259	101	20	)	)	PUNCT
cjfa-259	101	21	will	will	AUX
cjfa-259	101	22	therefore	therefore	ADV
cjfa-259	101	23	be	be	AUX
cjfa-259	101	24	more	more	ADV
cjfa-259	101	25	susceptible	susceptible	ADJ
cjfa-259	101	26	to	to	ADP
cjfa-259	101	27	default	default	NOUN
cjfa-259	101	28	.	.	PUNCT
cjfa-259	102	1	in	in	ADP
cjfa-259	102	2	some	some	DET
cjfa-259	102	3	cases	case	NOUN
cjfa-259	102	4	there	there	PRON
cjfa-259	102	5	might	might	AUX
cjfa-259	102	6	be	be	AUX
cjfa-259	102	7	a	a	DET
cjfa-259	102	8	difference	difference	NOUN
cjfa-259	102	9	between	between	ADP
cjfa-259	102	10	local	local	ADJ
cjfa-259	102	11	and	and	CCONJ
cjfa-259	102	12	foreign	foreign	ADJ
cjfa-259	102	13	currency	currency	NOUN
cjfa-259	102	14	ratings	rating	NOUN
cjfa-259	102	15	.	.	PUNCT
cjfa-259	103	1	5	5	NUM
cjfa-259	103	2	 	 	SPACE
cjfa-259	103	3	the	the	DET
cjfa-259	103	4	government	government	NOUN
cjfa-259	103	5	effectiveness	effectiveness	NOUN
cjfa-259	103	6	index	index	NOUN
cjfa-259	103	7	ranges	range	VERB
cjfa-259	103	8	from	from	ADP
cjfa-259	103	9	-2.5	-2.5	PROPN
cjfa-259	103	10	(	(	PUNCT
cjfa-259	103	11	weakest	weak	ADJ
cjfa-259	103	12	)	)	PUNCT
cjfa-259	103	13	to	to	ADP
cjfa-259	103	14	2.5	2.5	NUM
cjfa-259	103	15	(	(	PUNCT
cjfa-259	103	16	strongest	strong	ADJ
cjfa-259	103	17	)	)	PUNCT
cjfa-259	103	18	.	.	PUNCT
cjfa-259	104	1	finland	finland	PROPN
cjfa-259	104	2	currently	currently	ADV
cjfa-259	104	3	scores	score	VERB
cjfa-259	104	4	2.25	2.25	NUM
cjfa-259	104	5	,	,	PUNCT
cjfa-259	104	6	germany	germany	PROPN
cjfa-259	104	7	1.5	1.5	NUM
cjfa-259	104	8	,	,	PUNCT
cjfa-259	104	9	while	while	SCONJ
cjfa-259	104	10	poland	poland	PROPN
cjfa-259	104	11	0.68	0.68	NUM
cjfa-259	104	12	,	,	PUNCT
cjfa-259	104	13	greece	greece	PROPN
cjfa-259	104	14	0.48	0.48	NUM
cjfa-259	104	15	,	,	PUNCT
cjfa-259	104	16	italy	italy	PROPN
cjfa-259	104	17	0.45	0.45	NUM
cjfa-259	104	18	and	and	CCONJ
cjfa-259	104	19	bulgaria	bulgaria	PROPN
cjfa-259	104	20	0.01	0.01	NUM
cjfa-259	104	21	.	.	PUNCT
cjfa-259	105	1	sebastian	sebastian	PROPN
cjfa-259	105	2	hyżyk	hyżyk	PROPN
cjfa-259	105	3	or	or	CCONJ
cjfa-259	105	4	72	72	NUM
cjfa-259	105	5	it	it	PRON
cjfa-259	105	6	should	should	AUX
cjfa-259	105	7	be	be	AUX
cjfa-259	105	8	noted	note	VERB
cjfa-259	105	9	that	that	SCONJ
cjfa-259	105	10	there	there	PRON
cjfa-259	105	11	is	be	VERB
cjfa-259	105	12	certain	certain	ADJ
cjfa-259	105	13	room	room	NOUN
cjfa-259	105	14	for	for	ADP
cjfa-259	105	15	overruling	overrule	VERB
cjfa-259	105	16	this	this	DET
cjfa-259	105	17	“	"	PUNCT
cjfa-259	105	18	mechanical	mechanical	ADJ
cjfa-259	105	19	”	"	PUNCT
cjfa-259	105	20	proposal	proposal	NOUN
cjfa-259	105	21	generated	generate	VERB
cjfa-259	105	22	by	by	ADP
cjfa-259	105	23	the	the	DET
cjfa-259	105	24	scorecard	scorecard	NOUN
cjfa-259	105	25	as	as	ADV
cjfa-259	105	26	long	long	ADV
cjfa-259	105	27	as	as	SCONJ
cjfa-259	105	28	other	other	ADJ
cjfa-259	105	29	elements	element	NOUN
cjfa-259	105	30	not	not	PART
cjfa-259	105	31	captured	capture	VERB
cjfa-259	105	32	by	by	ADP
cjfa-259	105	33	the	the	DET
cjfa-259	105	34	framework	framework	NOUN
cjfa-259	105	35	exist	exist	VERB
cjfa-259	105	36	and	and	CCONJ
cjfa-259	105	37	can	can	AUX
cjfa-259	105	38	influence	influence	VERB
cjfa-259	105	39	the	the	DET
cjfa-259	105	40	ability	ability	NOUN
cjfa-259	105	41	or	or	CCONJ
cjfa-259	105	42	willingness	willingness	NOUN
cjfa-259	105	43	to	to	PART
cjfa-259	105	44	repay	repay	VERB
cjfa-259	105	45	the	the	DET
cjfa-259	105	46	debt	debt	NOUN
cjfa-259	105	47	by	by	ADP
cjfa-259	105	48	the	the	DET
cjfa-259	105	49	sovereign	sovereign	ADJ
cjfa-259	105	50	.	.	PUNCT
cjfa-259	106	1	standard	standard	ADJ
cjfa-259	106	2	and	and	CCONJ
cjfa-259	106	3	poor	poor	ADJ
cjfa-259	106	4	’s	’s	PART
cjfa-259	106	5	method	method	NOUN
cjfa-259	106	6	builds	build	VERB
cjfa-259	106	7	on	on	ADP
cjfa-259	106	8	five	five	NUM
cjfa-259	106	9	factors	factor	NOUN
cjfa-259	106	10	,	,	PUNCT
cjfa-259	106	11	which	which	PRON
cjfa-259	106	12	attempt	attempt	VERB
cjfa-259	106	13	to	to	PART
cjfa-259	106	14	capture	capture	VERB
cjfa-259	106	15	the	the	DET
cjfa-259	106	16	same	same	ADJ
cjfa-259	106	17	characteristics	characteristic	NOUN
cjfa-259	106	18	of	of	ADP
cjfa-259	106	19	sovereigns	sovereign	NOUN
cjfa-259	106	20	as	as	ADP
cjfa-259	106	21	moody	moody	NOUN
cjfa-259	106	22	’s	’s	PART
cjfa-259	106	23	,	,	PUNCT
cjfa-259	106	24	and	and	CCONJ
cjfa-259	106	25	assigns	assign	NOUN
cjfa-259	106	26	to	to	ADP
cjfa-259	106	27	them	they	PRON
cjfa-259	106	28	:	:	PUNCT
cjfa-259	106	29	a	a	DET
cjfa-259	106	30	political	political	ADJ
cjfa-259	106	31	,	,	PUNCT
cjfa-259	106	32	economic	economic	ADJ
cjfa-259	106	33	,	,	PUNCT
cjfa-259	106	34	external	external	ADJ
cjfa-259	106	35	,	,	PUNCT
cjfa-259	106	36	fiscal	fiscal	ADJ
cjfa-259	106	37	and	and	CCONJ
cjfa-259	106	38	monetary	monetary	ADJ
cjfa-259	106	39	score	score	NOUN
cjfa-259	106	40	(	(	PUNCT
cjfa-259	106	41	standard	standard	ADJ
cjfa-259	106	42	and	and	CCONJ
cjfa-259	106	43	poor	poor	ADJ
cjfa-259	106	44	’s	’s	PART
cjfa-259	106	45	2011	2011	NUM
cjfa-259	106	46	)	)	PUNCT
cjfa-259	106	47	.	.	PUNCT
cjfa-259	107	1	the	the	DET
cjfa-259	107	2	rating	rating	NOUN
cjfa-259	107	3	process	process	NOUN
cjfa-259	107	4	first	first	ADJ
cjfa-259	107	5	assigns	assign	NOUN
cjfa-259	107	6	scores	score	NOUN
cjfa-259	107	7	for	for	ADP
cjfa-259	107	8	each	each	PRON
cjfa-259	107	9	of	of	ADP
cjfa-259	107	10	these	these	DET
cjfa-259	107	11	factors	factor	NOUN
cjfa-259	107	12	and	and	CCONJ
cjfa-259	107	13	then	then	ADV
cjfa-259	107	14	combines	combine	VERB
cjfa-259	107	15	these	these	DET
cjfa-259	107	16	political	political	ADJ
cjfa-259	107	17	and	and	CCONJ
cjfa-259	107	18	economic	economic	ADJ
cjfa-259	107	19	factors	factor	NOUN
cjfa-259	107	20	into	into	ADP
cjfa-259	107	21	one	one	NUM
cjfa-259	107	22	common	common	ADJ
cjfa-259	107	23	“	"	PUNCT
cjfa-259	107	24	political	political	ADJ
cjfa-259	107	25	and	and	CCONJ
cjfa-259	107	26	economic	economic	ADJ
cjfa-259	107	27	profile	profile	NOUN
cjfa-259	107	28	”	"	PUNCT
cjfa-259	107	29	and	and	CCONJ
cjfa-259	107	30	the	the	DET
cjfa-259	107	31	remaining	remain	VERB
cjfa-259	107	32	ones	one	NOUN
cjfa-259	107	33	into	into	ADP
cjfa-259	107	34	a	a	DET
cjfa-259	107	35	“	"	PUNCT
cjfa-259	107	36	flexibility	flexibility	NOUN
cjfa-259	107	37	and	and	CCONJ
cjfa-259	107	38	performance	performance	NOUN
cjfa-259	107	39	profile	profile	NOUN
cjfa-259	107	40	”	"	PUNCT
cjfa-259	107	41	(	(	PUNCT
cjfa-259	107	42	figure	figure	NOUN
cjfa-259	107	43	3	3	NUM
cjfa-259	107	44	)	)	PUNCT
cjfa-259	107	45	.	.	PUNCT
cjfa-259	108	1	a	a	DET
cjfa-259	108	2	relative	relative	ADJ
cjfa-259	108	3	assessment	assessment	NOUN
cjfa-259	108	4	of	of	ADP
cjfa-259	108	5	these	these	DET
cjfa-259	108	6	profiles	profile	NOUN
cjfa-259	108	7	together	together	ADV
cjfa-259	108	8	with	with	ADP
cjfa-259	108	9	adjustments	adjustment	NOUN
cjfa-259	108	10	due	due	ADP
cjfa-259	108	11	to	to	ADP
cjfa-259	108	12	exceptional	exceptional	ADJ
cjfa-259	108	13	factors	factor	NOUN
cjfa-259	108	14	determines	determine	VERB
cjfa-259	108	15	the	the	DET
cjfa-259	108	16	indicative	indicative	ADJ
cjfa-259	108	17	credit	credit	NOUN
cjfa-259	108	18	rating	rating	NOUN
cjfa-259	108	19	level	level	NOUN
cjfa-259	108	20	.	.	PUNCT
cjfa-259	109	1	figure	figure	NOUN
cjfa-259	109	2	3	3	NUM
cjfa-259	109	3	.	.	PUNCT
cjfa-259	109	4	basic	basic	ADJ
cjfa-259	109	5	factors	factor	NOUN
cjfa-259	109	6	influencing	influence	VERB
cjfa-259	109	7	a	a	DET
cjfa-259	109	8	sovereign	sovereign	ADJ
cjfa-259	109	9	credit	credit	NOUN
cjfa-259	109	10	rating	rating	NOUN
cjfa-259	109	11	in	in	ADP
cjfa-259	109	12	standard	standard	ADJ
cjfa-259	109	13	and	and	CCONJ
cjfa-259	109	14	poor	poor	ADJ
cjfa-259	109	15	’s	’s	PART
cjfa-259	109	16	model	model	NOUN
cjfa-259	109	17	political	political	ADJ
cjfa-259	109	18	score	score	NOUN
cjfa-259	109	19	economic	economic	ADJ
cjfa-259	109	20	score	score	NOUN
cjfa-259	109	21	external	external	ADJ
cjfa-259	109	22	score	score	NOUN
cjfa-259	109	23	fiscal	fiscal	ADJ
cjfa-259	109	24	score	score	NOUN
cjfa-259	109	25	political	political	ADJ
cjfa-259	109	26	and	and	CCONJ
cjfa-259	109	27	economic	economic	ADJ
cjfa-259	109	28	profile	profile	NOUN
cjfa-259	109	29	foreign	foreign	ADJ
cjfa-259	109	30	currency	currency	NOUN
cjfa-259	109	31	sovereign	sovereign	ADJ
cjfa-259	109	32	credit	credit	NOUN
cjfa-259	109	33	rating	rating	NOUN
cjfa-259	109	34	flexibility	flexibility	NOUN
cjfa-259	109	35	and	and	CCONJ
cjfa-259	110	1	performance	performance	NOUN
cjfa-259	110	2	profile	profile	NOUN
cjfa-259	110	3	monetary	monetary	ADJ
cjfa-259	110	4	score	score	NOUN
cjfa-259	110	5	s	s	PART
cjfa-259	110	6	o	o	NOUN
cjfa-259	110	7	u	u	NOUN
cjfa-259	110	8	r	r	NOUN
cjfa-259	110	9	c	c	NOUN
cjfa-259	110	10	e	e	NOUN
cjfa-259	110	11	:	:	PUNCT
cjfa-259	110	12	based	base	VERB
cjfa-259	110	13	on	on	ADP
cjfa-259	110	14	standard	standard	ADJ
cjfa-259	110	15	and	and	CCONJ
cjfa-259	110	16	poor	poor	ADJ
cjfa-259	110	17	’s	’s	PART
cjfa-259	110	18	(	(	PUNCT
cjfa-259	110	19	2011	2011	NUM
cjfa-259	110	20	)	)	PUNCT
cjfa-259	110	21	.	.	PUNCT
cjfa-259	111	1	the	the	DET
cjfa-259	111	2	political	political	ADJ
cjfa-259	111	3	score	score	NOUN
cjfa-259	111	4	assesses	assess	VERB
cjfa-259	111	5	the	the	DET
cjfa-259	111	6	governance	governance	NOUN
cjfa-259	111	7	framework	framework	NOUN
cjfa-259	111	8	,	,	PUNCT
cjfa-259	111	9	its	its	PRON
cjfa-259	111	10	stability	stability	NOUN
cjfa-259	111	11	,	,	PUNCT
cjfa-259	111	12	effectiveness	effectiveness	NOUN
cjfa-259	111	13	,	,	PUNCT
cjfa-259	111	14	and	and	CCONJ
cjfa-259	111	15	predictability	predictability	NOUN
cjfa-259	111	16	of	of	ADP
cjfa-259	111	17	a	a	DET
cjfa-259	111	18	policy	policy	NOUN
cjfa-259	111	19	-	-	PUNCT
cjfa-259	111	20	making	make	VERB
cjfa-259	111	21	process	process	NOUN
cjfa-259	111	22	of	of	ADP
cjfa-259	111	23	a	a	DET
cjfa-259	111	24	sovereign	sovereign	NOUN
cjfa-259	111	25	.	.	PUNCT
cjfa-259	112	1	it	it	PRON
cjfa-259	112	2	also	also	ADV
cjfa-259	112	3	looks	look	VERB
cjfa-259	112	4	at	at	ADP
cjfa-259	112	5	the	the	DET
cjfa-259	112	6	transparency	transparency	NOUN
cjfa-259	112	7	,	,	PUNCT
cjfa-259	112	8	accountability	accountability	NOUN
cjfa-259	112	9	of	of	ADP
cjfa-259	112	10	institutions	institution	NOUN
cjfa-259	112	11	and	and	CCONJ
cjfa-259	112	12	reliability	reliability	NOUN
cjfa-259	112	13	of	of	ADP
cjfa-259	112	14	statistical	statistical	ADJ
cjfa-259	112	15	information	information	NOUN
cjfa-259	112	16	provided	provide	VERB
cjfa-259	112	17	by	by	ADP
cjfa-259	112	18	the	the	DET
cjfa-259	112	19	government	government	NOUN
cjfa-259	112	20	.	.	PUNCT
cjfa-259	113	1	initial	initial	ADJ
cjfa-259	113	2	score	score	NOUN
cjfa-259	113	3	could	could	AUX
cjfa-259	113	4	be	be	AUX
cjfa-259	113	5	adjusted	adjust	VERB
cjfa-259	113	6	downward	downward	ADV
cjfa-259	113	7	in	in	ADP
cjfa-259	113	8	the	the	DET
cjfa-259	113	9	presence	presence	NOUN
cjfa-259	113	10	of	of	ADP
cjfa-259	113	11	a	a	DET
cjfa-259	113	12	poor	poor	ADJ
cjfa-259	113	13	track	track	NOUN
cjfa-259	113	14	record	record	NOUN
cjfa-259	113	15	of	of	ADP
cjfa-259	113	16	debt	debt	NOUN
cjfa-259	113	17	servicing	servicing	NOUN
cjfa-259	113	18	or	or	CCONJ
cjfa-259	113	19	high	high	ADJ
cjfa-259	113	20	security	security	NOUN
cjfa-259	113	21	risks	risk	NOUN
cjfa-259	113	22	.	.	PUNCT
cjfa-259	114	1	if	if	SCONJ
cjfa-259	114	2	a	a	DET
cjfa-259	114	3	sovereign	sovereign	NOUN
cjfa-259	114	4	receives	receive	VERB
cjfa-259	114	5	institutional	institutional	ADJ
cjfa-259	114	6	support	support	NOUN
cjfa-259	114	7	from	from	ADP
cjfa-259	114	8	an	an	DET
cjfa-259	114	9	external	external	ADJ
cjfa-259	114	10	organisation	organisation	NOUN
cjfa-259	114	11	(	(	PUNCT
cjfa-259	114	12	e.g.	e.g.	ADV
cjfa-259	114	13	imf	imf	PROPN
cjfa-259	114	14	)	)	PUNCT
cjfa-259	114	15	it	it	PRON
cjfa-259	114	16	could	could	AUX
cjfa-259	114	17	lead	lead	VERB
cjfa-259	114	18	to	to	ADP
cjfa-259	114	19	an	an	DET
cjfa-259	114	20	improvement	improvement	NOUN
cjfa-259	114	21	in	in	ADP
cjfa-259	114	22	the	the	DET
cjfa-259	114	23	score	score	NOUN
cjfa-259	114	24	.	.	PUNCT
cjfa-259	115	1	the	the	DET
cjfa-259	115	2	assessment	assessment	NOUN
cjfa-259	115	3	is	be	AUX
cjfa-259	115	4	supported	support	VERB
cjfa-259	115	5	by	by	ADP
cjfa-259	115	6	the	the	DET
cjfa-259	115	7	various	various	ADJ
cjfa-259	115	8	external	external	ADJ
cjfa-259	115	9	sources	source	NOUN
cjfa-259	115	10	like	like	ADP
cjfa-259	115	11	the	the	DET
cjfa-259	115	12	world	world	PROPN
cjfa-259	115	13	bank	bank	PROPN
cjfa-259	115	14	’s	’s	PART
cjfa-259	115	15	“	"	PUNCT
cjfa-259	115	16	doing	do	VERB
cjfa-259	115	17	selected	select	VERB
cjfa-259	115	18	aspects	aspect	NOUN
cjfa-259	115	19	of	of	ADP
cjfa-259	115	20	due	due	ADJ
cjfa-259	115	21	diligence	diligence	NOUN
cjfa-259	115	22	of	of	ADP
cjfa-259	115	23	sovereigns	sovereign	NOUN
cjfa-259	115	24	73	73	NUM
cjfa-259	115	25	business	business	NOUN
cjfa-259	115	26	”	"	PUNCT
cjfa-259	115	27	reports	report	NOUN
cjfa-259	115	28	,	,	PUNCT
cjfa-259	115	29	worldwide	worldwide	ADJ
cjfa-259	115	30	governance	governance	NOUN
cjfa-259	115	31	indicators	indicator	NOUN
cjfa-259	115	32	,	,	PUNCT
cjfa-259	115	33	un	un	PROPN
cjfa-259	115	34	human	human	PROPN
cjfa-259	115	35	development	development	NOUN
cjfa-259	115	36	indicators	indicator	NOUN
cjfa-259	115	37	,	,	PUNCT
cjfa-259	115	38	and	and	CCONJ
cjfa-259	115	39	transparency	transparency	NOUN
cjfa-259	115	40	international	international	NOUN
cjfa-259	115	41	’s	’s	PART
cjfa-259	115	42	“	"	PUNCT
cjfa-259	115	43	corruption	corruption	NOUN
cjfa-259	115	44	perception	perception	NOUN
cjfa-259	115	45	index	index	NOUN
cjfa-259	115	46	”	"	PUNCT
cjfa-259	115	47	.	.	PUNCT
cjfa-259	116	1	the	the	DET
cjfa-259	116	2	economic	economic	ADJ
cjfa-259	116	3	score	score	NOUN
cjfa-259	116	4	is	be	AUX
cjfa-259	116	5	based	base	VERB
cjfa-259	116	6	on	on	ADP
cjfa-259	116	7	the	the	DET
cjfa-259	116	8	examination	examination	NOUN
cjfa-259	116	9	of	of	ADP
cjfa-259	116	10	income	income	NOUN
cjfa-259	116	11	level	level	NOUN
cjfa-259	116	12	(	(	PUNCT
cjfa-259	116	13	gdp	gdp	NOUN
cjfa-259	116	14	per	per	ADP
cjfa-259	116	15	capita	capita	NOUN
cjfa-259	116	16	)	)	PUNCT
cjfa-259	116	17	,	,	PUNCT
cjfa-259	116	18	which	which	PRON
cjfa-259	116	19	could	could	AUX
cjfa-259	116	20	be	be	AUX
cjfa-259	116	21	further	far	ADV
cjfa-259	116	22	adjusted	adjust	VERB
cjfa-259	116	23	due	due	ADP
cjfa-259	116	24	to	to	ADP
cjfa-259	116	25	growth	growth	NOUN
cjfa-259	116	26	prospects	prospect	NOUN
cjfa-259	116	27	(	(	PUNCT
cjfa-259	116	28	gdp	gdp	NOUN
cjfa-259	116	29	growth	growth	NOUN
cjfa-259	116	30	trend	trend	NOUN
cjfa-259	116	31	metrics	metric	NOUN
cjfa-259	116	32	)	)	PUNCT
cjfa-259	116	33	and	and	CCONJ
cjfa-259	116	34	economic	economic	ADJ
cjfa-259	116	35	diversity	diversity	NOUN
cjfa-259	116	36	and	and	CCONJ
cjfa-259	116	37	volatility	volatility	NOUN
cjfa-259	116	38	.	.	PUNCT
cjfa-259	117	1	the	the	DET
cjfa-259	117	2	economic	economic	ADJ
cjfa-259	117	3	concentration	concentration	NOUN
cjfa-259	117	4	and	and	CCONJ
cjfa-259	117	5	high	high	ADJ
cjfa-259	117	6	volatility	volatility	NOUN
cjfa-259	117	7	lead	lead	NOUN
cjfa-259	117	8	to	to	ADP
cjfa-259	117	9	downward	downward	ADJ
cjfa-259	117	10	adjustment	adjustment	NOUN
cjfa-259	117	11	.	.	PUNCT
cjfa-259	118	1	as	as	ADV
cjfa-259	118	2	far	far	ADV
cjfa-259	118	3	as	as	SCONJ
cjfa-259	118	4	the	the	DET
cjfa-259	118	5	external	external	ADJ
cjfa-259	118	6	score	score	NOUN
cjfa-259	118	7	is	be	AUX
cjfa-259	118	8	concerned	concern	VERB
cjfa-259	118	9	,	,	PUNCT
cjfa-259	118	10	it	it	PRON
cjfa-259	118	11	attempts	attempt	VERB
cjfa-259	118	12	to	to	PART
cjfa-259	118	13	assess	assess	VERB
cjfa-259	118	14	a	a	DET
cjfa-259	118	15	country	country	NOUN
cjfa-259	118	16	’s	’s	PART
cjfa-259	118	17	ability	ability	NOUN
cjfa-259	118	18	to	to	PART
cjfa-259	118	19	generate	generate	VERB
cjfa-259	118	20	the	the	DET
cjfa-259	118	21	foreign	foreign	ADJ
cjfa-259	118	22	currency	currency	NOUN
cjfa-259	118	23	necessary	necessary	ADJ
cjfa-259	118	24	to	to	PART
cjfa-259	118	25	meet	meet	VERB
cjfa-259	118	26	its	its	PRON
cjfa-259	118	27	debt	debt	NOUN
cjfa-259	118	28	obligation	obligation	NOUN
cjfa-259	118	29	to	to	ADP
cjfa-259	118	30	non	non	NOUN
cjfa-259	118	31	-	-	NOUN
cjfa-259	118	32	residents	resident	NOUN
cjfa-259	118	33	(	(	PUNCT
cjfa-259	118	34	as	as	SCONJ
cjfa-259	118	35	the	the	DET
cjfa-259	118	36	standard	standard	ADJ
cjfa-259	118	37	and	and	CCONJ
cjfa-259	118	38	poor	poor	ADJ
cjfa-259	118	39	’s	’s	PART
cjfa-259	118	40	methodology	methodology	NOUN
cjfa-259	118	41	is	be	AUX
cjfa-259	118	42	primarily	primarily	ADV
cjfa-259	118	43	oriented	orient	VERB
cjfa-259	118	44	on	on	ADP
cjfa-259	118	45	the	the	DET
cjfa-259	118	46	foreign	foreign	ADJ
cjfa-259	118	47	currency	currency	NOUN
cjfa-259	118	48	rating	rating	NOUN
cjfa-259	118	49	)	)	PUNCT
cjfa-259	118	50	.	.	PUNCT
cjfa-259	119	1	it	it	PRON
cjfa-259	119	2	favours	favour	VERB
cjfa-259	119	3	sovereigns	sovereign	NOUN
cjfa-259	119	4	with	with	ADP
cjfa-259	119	5	reserve	reserve	NOUN
cjfa-259	119	6	currency	currency	NOUN
cjfa-259	119	7	and	and	CCONJ
cjfa-259	119	8	looks	look	VERB
cjfa-259	119	9	at	at	ADP
cjfa-259	119	10	external	external	ADJ
cjfa-259	119	11	liquidity	liquidity	NOUN
cjfa-259	119	12	(	(	PUNCT
cjfa-259	119	13	measured	measure	VERB
cjfa-259	119	14	by	by	ADP
cjfa-259	119	15	an	an	DET
cjfa-259	119	16	average	average	NOUN
cjfa-259	119	17	of	of	ADP
cjfa-259	119	18	the	the	DET
cjfa-259	119	19	current	current	ADJ
cjfa-259	119	20	year	year	NOUN
cjfa-259	119	21	and	and	CCONJ
cjfa-259	119	22	forecast	forecast	NOUN
cjfa-259	119	23	of	of	ADP
cjfa-259	119	24	two	two	NUM
cjfa-259	119	25	to	to	PART
cjfa-259	119	26	three	three	NUM
cjfa-259	119	27	years	year	NOUN
cjfa-259	119	28	of	of	ADP
cjfa-259	119	29	gross	gross	ADJ
cjfa-259	119	30	external	external	ADJ
cjfa-259	119	31	financing	financing	NOUN
cjfa-259	119	32	needs	need	VERB
cjfa-259	119	33	to	to	PART
cjfa-259	119	34	cover	cover	VERB
cjfa-259	119	35	current	current	ADJ
cjfa-259	119	36	account	account	NOUN
cjfa-259	119	37	payments	payment	NOUN
cjfa-259	119	38	and	and	CCONJ
cjfa-259	119	39	maturing	mature	VERB
cjfa-259	119	40	debt	debt	NOUN
cjfa-259	119	41	)	)	PUNCT
cjfa-259	119	42	and	and	CCONJ
cjfa-259	119	43	external	external	ADJ
cjfa-259	119	44	indebtedness	indebtedness	NOUN
cjfa-259	119	45	(	(	PUNCT
cjfa-259	119	46	measured	measure	VERB
cjfa-259	119	47	as	as	ADP
cjfa-259	119	48	a	a	DET
cjfa-259	119	49	stock	stock	NOUN
cjfa-259	119	50	of	of	ADP
cjfa-259	119	51	foreign	foreign	ADJ
cjfa-259	119	52	and	and	CCONJ
cjfa-259	119	53	local	local	ADJ
cjfa-259	119	54	currency	currency	NOUN
cjfa-259	119	55	debt	debt	NOUN
cjfa-259	119	56	to	to	ADP
cjfa-259	119	57	non	non	NOUN
cjfa-259	119	58	-	-	NOUN
cjfa-259	119	59	residents	resident	NOUN
cjfa-259	119	60	reduced	reduce	VERB
cjfa-259	119	61	by	by	ADP
cjfa-259	119	62	liquid	liquid	ADJ
cjfa-259	119	63	external	external	ADJ
cjfa-259	119	64	assets	asset	NOUN
cjfa-259	119	65	)	)	PUNCT
cjfa-259	119	66	.	.	PUNCT
cjfa-259	120	1	the	the	DET
cjfa-259	120	2	fiscal	fiscal	ADJ
cjfa-259	120	3	score	score	NOUN
cjfa-259	120	4	is	be	AUX
cjfa-259	120	5	an	an	DET
cjfa-259	120	6	average	average	ADJ
cjfa-259	120	7	score	score	NOUN
cjfa-259	120	8	of	of	ADP
cjfa-259	120	9	the	the	DET
cjfa-259	120	10	fiscal	fiscal	ADJ
cjfa-259	120	11	performance	performance	NOUN
cjfa-259	120	12	and	and	CCONJ
cjfa-259	120	13	flexibility	flexibility	NOUN
cjfa-259	120	14	factor	factor	NOUN
cjfa-259	120	15	,	,	PUNCT
cjfa-259	120	16	and	and	CCONJ
cjfa-259	120	17	the	the	DET
cjfa-259	120	18	debt	debt	NOUN
cjfa-259	120	19	burden	burden	NOUN
cjfa-259	120	20	factor	factor	NOUN
cjfa-259	120	21	.	.	PUNCT
cjfa-259	121	1	the	the	DET
cjfa-259	121	2	assessment	assessment	NOUN
cjfa-259	121	3	of	of	ADP
cjfa-259	121	4	the	the	DET
cjfa-259	121	5	former	former	ADJ
cjfa-259	121	6	is	be	AUX
cjfa-259	121	7	primarily	primarily	ADV
cjfa-259	121	8	based	base	VERB
cjfa-259	121	9	on	on	ADP
cjfa-259	121	10	the	the	DET
cjfa-259	121	11	change	change	NOUN
cjfa-259	121	12	in	in	ADP
cjfa-259	121	13	general	general	ADJ
cjfa-259	121	14	government	government	NOUN
cjfa-259	121	15	(	(	PUNCT
cjfa-259	121	16	i.e.	i.e.	X
cjfa-259	121	17	including	include	VERB
cjfa-259	121	18	central	central	ADJ
cjfa-259	121	19	,	,	PUNCT
cjfa-259	121	20	regional	regional	ADJ
cjfa-259	121	21	and	and	CCONJ
cjfa-259	121	22	local	local	ADJ
cjfa-259	121	23	tiers	tier	NOUN
cjfa-259	121	24	of	of	ADP
cjfa-259	121	25	the	the	DET
cjfa-259	121	26	administration	administration	NOUN
cjfa-259	121	27	and	and	CCONJ
cjfa-259	121	28	social	social	ADJ
cjfa-259	121	29	security	security	NOUN
cjfa-259	121	30	)	)	PUNCT
cjfa-259	121	31	debt	debt	NOUN
cjfa-259	121	32	stock	stock	NOUN
cjfa-259	121	33	as	as	ADP
cjfa-259	121	34	a	a	DET
cjfa-259	121	35	percentage	percentage	NOUN
cjfa-259	121	36	of	of	ADP
cjfa-259	121	37	gdp	gdp	NOUN
cjfa-259	121	38	.	.	PUNCT
cjfa-259	122	1	the	the	DET
cjfa-259	122	2	initial	initial	ADJ
cjfa-259	122	3	score	score	NOUN
cjfa-259	122	4	is	be	AUX
cjfa-259	122	5	adjusted	adjust	VERB
cjfa-259	122	6	by	by	ADP
cjfa-259	122	7	considerations	consideration	NOUN
cjfa-259	122	8	of	of	ADP
cjfa-259	122	9	fiscal	fiscal	ADJ
cjfa-259	122	10	flexibility	flexibility	NOUN
cjfa-259	122	11	of	of	ADP
cjfa-259	122	12	the	the	DET
cjfa-259	122	13	government	government	NOUN
cjfa-259	122	14	and	and	CCONJ
cjfa-259	122	15	impact	impact	NOUN
cjfa-259	122	16	of	of	ADP
cjfa-259	122	17	the	the	DET
cjfa-259	122	18	demographic	demographic	ADJ
cjfa-259	122	19	situation	situation	NOUN
cjfa-259	122	20	and	and	CCONJ
cjfa-259	122	21	overall	overall	ADJ
cjfa-259	122	22	level	level	NOUN
cjfa-259	122	23	of	of	ADP
cjfa-259	122	24	development	development	NOUN
cjfa-259	122	25	(	(	PUNCT
cjfa-259	122	26	human	human	PROPN
cjfa-259	122	27	development	development	NOUN
cjfa-259	122	28	index	index	PROPN
cjfa-259	122	29	)	)	PUNCT
cjfa-259	122	30	.	.	PUNCT
cjfa-259	123	1	the	the	DET
cjfa-259	123	2	debt	debt	NOUN
cjfa-259	123	3	burden	burden	NOUN
cjfa-259	123	4	is	be	AUX
cjfa-259	123	5	assessed	assess	VERB
cjfa-259	123	6	by	by	ADP
cjfa-259	123	7	the	the	DET
cjfa-259	123	8	combination	combination	NOUN
cjfa-259	123	9	of	of	ADP
cjfa-259	123	10	general	general	ADJ
cjfa-259	123	11	government	government	NOUN
cjfa-259	123	12	debt	debt	NOUN
cjfa-259	123	13	level	level	NOUN
cjfa-259	123	14	(	(	PUNCT
cjfa-259	123	15	as	as	ADP
cjfa-259	123	16	a	a	DET
cjfa-259	123	17	percentage	percentage	NOUN
cjfa-259	123	18	of	of	ADP
cjfa-259	123	19	gdp	gdp	NOUN
cjfa-259	123	20	)	)	PUNCT
cjfa-259	123	21	and	and	CCONJ
cjfa-259	123	22	cost	cost	NOUN
cjfa-259	123	23	of	of	ADP
cjfa-259	123	24	debt	debt	NOUN
cjfa-259	123	25	(	(	PUNCT
cjfa-259	123	26	measured	measure	VERB
cjfa-259	123	27	as	as	ADP
cjfa-259	123	28	general	general	ADJ
cjfa-259	123	29	government	government	NOUN
cjfa-259	123	30	interest	interest	NOUN
cjfa-259	123	31	expenditures	expenditure	NOUN
cjfa-259	123	32	as	as	ADP
cjfa-259	123	33	a	a	DET
cjfa-259	123	34	percentage	percentage	NOUN
cjfa-259	123	35	of	of	ADP
cjfa-259	123	36	general	general	ADJ
cjfa-259	123	37	government	government	NOUN
cjfa-259	123	38	revenues	revenue	NOUN
cjfa-259	123	39	)	)	PUNCT
cjfa-259	123	40	.	.	PUNCT
cjfa-259	124	1	the	the	DET
cjfa-259	124	2	initial	initial	ADJ
cjfa-259	124	3	score	score	NOUN
cjfa-259	124	4	could	could	AUX
cjfa-259	124	5	be	be	AUX
cjfa-259	124	6	adjusted	adjust	VERB
cjfa-259	124	7	by	by	ADP
cjfa-259	124	8	presence	presence	NOUN
cjfa-259	124	9	of	of	ADP
cjfa-259	124	10	significant	significant	ADJ
cjfa-259	124	11	contingent	contingent	ADJ
cjfa-259	124	12	liabilities	liability	NOUN
cjfa-259	124	13	(	(	PUNCT
cjfa-259	124	14	e.g.	e.g.	ADV
cjfa-259	124	15	related	relate	VERB
cjfa-259	124	16	to	to	ADP
cjfa-259	124	17	the	the	DET
cjfa-259	124	18	financial	financial	ADJ
cjfa-259	124	19	sector	sector	NOUN
cjfa-259	124	20	in	in	ADP
cjfa-259	124	21	the	the	DET
cjfa-259	124	22	case	case	NOUN
cjfa-259	124	23	of	of	ADP
cjfa-259	124	24	a	a	DET
cjfa-259	124	25	financial	financial	ADJ
cjfa-259	124	26	crisis	crisis	NOUN
cjfa-259	124	27	)	)	PUNCT
cjfa-259	124	28	.	.	PUNCT
cjfa-259	125	1	further	further	ADJ
cjfa-259	125	2	factors	factor	NOUN
cjfa-259	125	3	pushing	push	VERB
cjfa-259	125	4	down	down	ADP
cjfa-259	125	5	ratings	rating	NOUN
cjfa-259	125	6	would	would	AUX
cjfa-259	125	7	be	be	AUX
cjfa-259	125	8	a	a	DET
cjfa-259	125	9	considerable	considerable	ADJ
cjfa-259	125	10	exposure	exposure	NOUN
cjfa-259	125	11	to	to	PART
cjfa-259	125	12	exchange	exchange	VERB
cjfa-259	125	13	rate	rate	NOUN
cjfa-259	125	14	risk	risk	NOUN
cjfa-259	125	15	,	,	PUNCT
cjfa-259	125	16	a	a	DET
cjfa-259	125	17	dominant	dominant	ADJ
cjfa-259	125	18	share	share	NOUN
cjfa-259	125	19	of	of	ADP
cjfa-259	125	20	the	the	DET
cjfa-259	125	21	debt	debt	NOUN
cjfa-259	125	22	held	hold	VERB
cjfa-259	125	23	by	by	ADP
cjfa-259	125	24	non	non	NOUN
cjfa-259	125	25	-	-	NOUN
cjfa-259	125	26	residents	resident	NOUN
cjfa-259	125	27	,	,	PUNCT
cjfa-259	125	28	and	and	CCONJ
cjfa-259	125	29	a	a	DET
cjfa-259	125	30	large	large	ADJ
cjfa-259	125	31	share	share	NOUN
cjfa-259	125	32	of	of	ADP
cjfa-259	125	33	government	government	NOUN
cjfa-259	125	34	debt	debt	NOUN
cjfa-259	125	35	on	on	ADP
cjfa-259	125	36	the	the	DET
cjfa-259	125	37	resident	resident	ADJ
cjfa-259	125	38	banking	banking	NOUN
cjfa-259	125	39	sector	sector	NOUN
cjfa-259	125	40	balance	balance	NOUN
cjfa-259	125	41	sheet	sheet	NOUN
cjfa-259	125	42	.	.	PUNCT
cjfa-259	126	1	the	the	DET
cjfa-259	126	2	analysis	analysis	NOUN
cjfa-259	126	3	is	be	AUX
cjfa-259	126	4	complemented	complement	VERB
cjfa-259	126	5	by	by	ADP
cjfa-259	126	6	the	the	DET
cjfa-259	126	7	monetary	monetary	ADJ
cjfa-259	126	8	score	score	NOUN
cjfa-259	126	9	which	which	PRON
cjfa-259	126	10	examines	examine	VERB
cjfa-259	126	11	the	the	DET
cjfa-259	126	12	potential	potential	ADJ
cjfa-259	126	13	role	role	NOUN
cjfa-259	126	14	of	of	ADP
cjfa-259	126	15	monetary	monetary	ADJ
cjfa-259	126	16	policy	policy	NOUN
cjfa-259	126	17	in	in	ADP
cjfa-259	126	18	addressing	address	VERB
cjfa-259	126	19	the	the	DET
cjfa-259	126	20	economic	economic	ADJ
cjfa-259	126	21	shocks	shock	NOUN
cjfa-259	126	22	,	,	PUNCT
cjfa-259	126	23	which	which	PRON
cjfa-259	126	24	will	will	AUX
cjfa-259	126	25	be	be	AUX
cjfa-259	126	26	different	different	ADJ
cjfa-259	126	27	in	in	ADP
cjfa-259	126	28	a	a	DET
cjfa-259	126	29	spectrum	spectrum	NOUN
cjfa-259	126	30	of	of	ADP
cjfa-259	126	31	regimes	regime	NOUN
cjfa-259	126	32	from	from	ADP
cjfa-259	126	33	free	free	ADJ
cjfa-259	126	34	floating	float	VERB
cjfa-259	126	35	to	to	ADP
cjfa-259	126	36	currency	currency	NOUN
cjfa-259	126	37	board	board	NOUN
cjfa-259	126	38	.	.	PUNCT
cjfa-259	127	1	it	it	PRON
cjfa-259	127	2	also	also	ADV
cjfa-259	127	3	verifies	verify	VERB
cjfa-259	127	4	the	the	DET
cjfa-259	127	5	credibility	credibility	NOUN
cjfa-259	127	6	of	of	ADP
cjfa-259	127	7	a	a	DET
cjfa-259	127	8	monetary	monetary	ADJ
cjfa-259	127	9	policy	policy	NOUN
cjfa-259	127	10	through	through	ADP
cjfa-259	127	11	inflation	inflation	NOUN
cjfa-259	127	12	trends	trend	NOUN
cjfa-259	127	13	and	and	CCONJ
cjfa-259	127	14	a	a	DET
cjfa-259	127	15	degree	degree	NOUN
cjfa-259	127	16	of	of	ADP
cjfa-259	127	17	central	central	ADJ
cjfa-259	127	18	bank	bank	NOUN
cjfa-259	127	19	independence	independence	NOUN
cjfa-259	127	20	.	.	PUNCT
cjfa-259	128	1	finally	finally	ADV
cjfa-259	128	2	,	,	PUNCT
cjfa-259	128	3	it	it	PRON
cjfa-259	128	4	looks	look	VERB
cjfa-259	128	5	at	at	ADP
cjfa-259	128	6	the	the	DET
cjfa-259	128	7	depth	depth	NOUN
cjfa-259	128	8	and	and	CCONJ
cjfa-259	128	9	development	development	NOUN
cjfa-259	128	10	of	of	ADP
cjfa-259	128	11	a	a	DET
cjfa-259	128	12	financial	financial	ADJ
cjfa-259	128	13	system	system	NOUN
cjfa-259	128	14	(	(	PUNCT
cjfa-259	128	15	measured	measure	VERB
cjfa-259	128	16	by	by	ADP
cjfa-259	128	17	the	the	DET
cjfa-259	128	18	maturity	maturity	NOUN
cjfa-259	128	19	of	of	ADP
cjfa-259	128	20	debt	debt	NOUN
cjfa-259	128	21	issued	issue	VERB
cjfa-259	128	22	by	by	ADP
cjfa-259	128	23	the	the	DET
cjfa-259	128	24	government	government	NOUN
cjfa-259	128	25	in	in	ADP
cjfa-259	128	26	a	a	DET
cjfa-259	128	27	local	local	ADJ
cjfa-259	128	28	currency	currency	NOUN
cjfa-259	128	29	in	in	ADP
cjfa-259	128	30	meaningful	meaningful	ADJ
cjfa-259	128	31	amounts	amount	NOUN
cjfa-259	128	32	and	and	CCONJ
cjfa-259	128	33	traded	trade	VERB
cjfa-259	128	34	on	on	ADP
cjfa-259	128	35	secondsebastian	secondsebastian	ADJ
cjfa-259	128	36	hyżyk	hyżyk	NOUN
cjfa-259	128	37	or	or	CCONJ
cjfa-259	128	38	74	74	NUM
cjfa-259	128	39	ary	ary	ADJ
cjfa-259	128	40	markets	market	NOUN
cjfa-259	128	41	)	)	PUNCT
cjfa-259	128	42	and	and	CCONJ
cjfa-259	128	43	capital	capital	NOUN
cjfa-259	128	44	markets	market	NOUN
cjfa-259	128	45	(	(	PUNCT
cjfa-259	128	46	measured	measure	VERB
cjfa-259	128	47	by	by	ADP
cjfa-259	128	48	market	market	NOUN
cjfa-259	128	49	capitalisation	capitalisation	NOUN
cjfa-259	128	50	in	in	ADP
cjfa-259	128	51	relation	relation	NOUN
cjfa-259	128	52	to	to	ADP
cjfa-259	128	53	gdp	gdp	NOUN
cjfa-259	128	54	)	)	PUNCT
cjfa-259	128	55	.	.	PUNCT
cjfa-259	129	1	in	in	ADP
cjfa-259	129	2	the	the	DET
cjfa-259	129	3	case	case	NOUN
cjfa-259	129	4	of	of	ADP
cjfa-259	129	5	standard	standard	ADJ
cjfa-259	129	6	and	and	CCONJ
cjfa-259	129	7	poor	poor	ADJ
cjfa-259	129	8	’s	’s	PART
cjfa-259	129	9	methodology	methodology	NOUN
cjfa-259	129	10	,	,	PUNCT
cjfa-259	129	11	adjustments	adjustment	NOUN
cjfa-259	129	12	play	play	VERB
cjfa-259	129	13	an	an	DET
cjfa-259	129	14	important	important	ADJ
cjfa-259	129	15	role	role	NOUN
cjfa-259	129	16	.	.	PUNCT
cjfa-259	130	1	factors	factor	NOUN
cjfa-259	130	2	such	such	ADJ
cjfa-259	130	3	as	as	ADP
cjfa-259	130	4	the	the	DET
cjfa-259	130	5	risk	risk	NOUN
cjfa-259	130	6	of	of	ADP
cjfa-259	130	7	debt	debt	NOUN
cjfa-259	130	8	rescheduling	rescheduling	NOUN
cjfa-259	130	9	,	,	PUNCT
cjfa-259	130	10	security	security	NOUN
cjfa-259	130	11	risk	risk	NOUN
cjfa-259	130	12	(	(	PUNCT
cjfa-259	130	13	war	war	NOUN
cjfa-259	130	14	)	)	PUNCT
cjfa-259	130	15	,	,	PUNCT
cjfa-259	130	16	severe	severe	ADJ
cjfa-259	130	17	natural	natural	ADJ
cjfa-259	130	18	disasters	disaster	NOUN
cjfa-259	130	19	could	could	AUX
cjfa-259	130	20	lead	lead	VERB
cjfa-259	130	21	to	to	ADP
cjfa-259	130	22	a	a	DET
cjfa-259	130	23	decrease	decrease	NOUN
cjfa-259	130	24	in	in	ADP
cjfa-259	130	25	the	the	DET
cjfa-259	130	26	rating	rating	NOUN
cjfa-259	130	27	.	.	PUNCT
cjfa-259	131	1	similarly	similarly	ADV
cjfa-259	131	2	,	,	PUNCT
cjfa-259	131	3	a	a	DET
cjfa-259	131	4	very	very	ADV
cjfa-259	131	5	high	high	ADJ
cjfa-259	131	6	political	political	ADJ
cjfa-259	131	7	risk	risk	NOUN
cjfa-259	131	8	is	be	AUX
cjfa-259	131	9	effectively	effectively	ADV
cjfa-259	131	10	capping	cap	VERB
cjfa-259	131	11	the	the	DET
cjfa-259	131	12	rating	rating	NOUN
cjfa-259	131	13	at	at	ADP
cjfa-259	131	14	speculative	speculative	ADJ
cjfa-259	131	15	-	-	PUNCT
cjfa-259	131	16	grade	grade	NOUN
cjfa-259	131	17	levels	level	NOUN
cjfa-259	131	18	.	.	PUNCT
cjfa-259	132	1	on	on	ADP
cjfa-259	132	2	the	the	DET
cjfa-259	132	3	other	other	ADJ
cjfa-259	132	4	hand	hand	NOUN
cjfa-259	132	5	,	,	PUNCT
cjfa-259	132	6	exceptionally	exceptionally	ADV
cjfa-259	132	7	large	large	ADJ
cjfa-259	132	8	liquid	liquid	ADJ
cjfa-259	132	9	assets	asset	NOUN
cjfa-259	132	10	owned	own	VERB
cjfa-259	132	11	by	by	ADP
cjfa-259	132	12	the	the	DET
cjfa-259	132	13	country	country	NOUN
cjfa-259	132	14	could	could	AUX
cjfa-259	132	15	support	support	VERB
cjfa-259	132	16	a	a	DET
cjfa-259	132	17	higher	high	ADJ
cjfa-259	132	18	rating	rating	NOUN
cjfa-259	132	19	.	.	PUNCT
cjfa-259	133	1	the	the	DET
cjfa-259	133	2	standard	standard	ADJ
cjfa-259	133	3	and	and	CCONJ
cjfa-259	133	4	poor	poor	ADJ
cjfa-259	133	5	’s	’s	PART
cjfa-259	133	6	model	model	NOUN
cjfa-259	133	7	is	be	AUX
cjfa-259	133	8	providing	provide	VERB
cjfa-259	133	9	the	the	DET
cjfa-259	133	10	indicative	indicative	ADJ
cjfa-259	133	11	level	level	NOUN
cjfa-259	133	12	of	of	ADP
cjfa-259	133	13	credit	credit	NOUN
cjfa-259	133	14	rating	rating	NOUN
cjfa-259	133	15	in	in	ADP
cjfa-259	133	16	foreign	foreign	ADJ
cjfa-259	133	17	currency	currency	NOUN
cjfa-259	133	18	as	as	ADP
cjfa-259	133	19	a	a	DET
cjfa-259	133	20	starting	starting	NOUN
cjfa-259	133	21	point	point	NOUN
cjfa-259	133	22	.	.	PUNCT
cjfa-259	134	1	in	in	ADP
cjfa-259	134	2	order	order	NOUN
cjfa-259	134	3	to	to	PART
cjfa-259	134	4	provide	provide	VERB
cjfa-259	134	5	a	a	DET
cjfa-259	134	6	rating	rating	NOUN
cjfa-259	134	7	in	in	ADP
cjfa-259	134	8	the	the	DET
cjfa-259	134	9	local	local	ADJ
cjfa-259	134	10	currency	currency	NOUN
cjfa-259	134	11	,	,	PUNCT
cjfa-259	134	12	a	a	DET
cjfa-259	134	13	credit	credit	NOUN
cjfa-259	134	14	analyst	analyst	NOUN
cjfa-259	134	15	may	may	AUX
cjfa-259	134	16	increase	increase	VERB
cjfa-259	134	17	it	it	PRON
cjfa-259	134	18	by	by	ADP
cjfa-259	134	19	up	up	ADP
cjfa-259	134	20	to	to	PART
cjfa-259	134	21	two	two	NUM
cjfa-259	134	22	notches	notch	NOUN
cjfa-259	134	23	,	,	PUNCT
cjfa-259	134	24	given	give	VERB
cjfa-259	134	25	the	the	DET
cjfa-259	134	26	powers	power	NOUN
cjfa-259	134	27	that	that	SCONJ
cjfa-259	134	28	the	the	DET
cjfa-259	134	29	sovereign	sovereign	NOUN
cjfa-259	134	30	may	may	AUX
cjfa-259	134	31	execute	execute	VERB
cjfa-259	134	32	to	to	PART
cjfa-259	134	33	raise	raise	VERB
cjfa-259	134	34	funds	fund	NOUN
cjfa-259	134	35	in	in	ADP
cjfa-259	134	36	the	the	DET
cjfa-259	134	37	local	local	ADJ
cjfa-259	134	38	currency	currency	NOUN
cjfa-259	134	39	.	.	PUNCT
cjfa-259	135	1	it	it	PRON
cjfa-259	135	2	should	should	AUX
cjfa-259	135	3	,	,	PUNCT
cjfa-259	135	4	however	however	ADV
cjfa-259	135	5	,	,	PUNCT
cjfa-259	135	6	be	be	AUX
cjfa-259	135	7	noted	note	VERB
cjfa-259	135	8	that	that	SCONJ
cjfa-259	135	9	when	when	SCONJ
cjfa-259	135	10	a	a	DET
cjfa-259	135	11	country	country	NOUN
cjfa-259	135	12	has	have	AUX
cjfa-259	135	13	ceded	cede	VERB
cjfa-259	135	14	its	its	PRON
cjfa-259	135	15	monetary	monetary	ADJ
cjfa-259	135	16	policy	policy	NOUN
cjfa-259	135	17	to	to	ADP
cjfa-259	135	18	an	an	DET
cjfa-259	135	19	economic	economic	ADJ
cjfa-259	135	20	organisation	organisation	NOUN
cjfa-259	135	21	(	(	PUNCT
cjfa-259	135	22	as	as	SCONJ
cjfa-259	135	23	is	be	AUX
cjfa-259	135	24	the	the	DET
cjfa-259	135	25	case	case	NOUN
cjfa-259	135	26	of	of	ADP
cjfa-259	135	27	the	the	DET
cjfa-259	135	28	eurozone	eurozone	NOUN
cjfa-259	135	29	)	)	PUNCT
cjfa-259	135	30	or	or	CCONJ
cjfa-259	135	31	is	be	AUX
cjfa-259	135	32	using	use	VERB
cjfa-259	135	33	the	the	DET
cjfa-259	135	34	currency	currency	NOUN
cjfa-259	135	35	of	of	ADP
cjfa-259	135	36	another	another	DET
cjfa-259	135	37	country	country	NOUN
cjfa-259	135	38	,	,	PUNCT
cjfa-259	135	39	upward	upward	ADJ
cjfa-259	135	40	adjustment	adjustment	NOUN
cjfa-259	135	41	will	will	AUX
cjfa-259	135	42	not	not	PART
cjfa-259	135	43	be	be	AUX
cjfa-259	135	44	possible	possible	ADJ
cjfa-259	135	45	.	.	PUNCT
cjfa-259	136	1	in	in	ADP
cjfa-259	136	2	methodological	methodological	ADJ
cjfa-259	136	3	terms	term	NOUN
cjfa-259	136	4	,	,	PUNCT
cjfa-259	136	5	credit	credit	NOUN
cjfa-259	136	6	ratings	rating	NOUN
cjfa-259	136	7	represent	represent	VERB
cjfa-259	136	8	an	an	DET
cjfa-259	136	9	example	example	NOUN
cjfa-259	136	10	of	of	ADP
cjfa-259	136	11	a	a	DET
cjfa-259	136	12	multicriteria	multicriteria	NOUN
cjfa-259	136	13	analysis	analysis	NOUN
cjfa-259	136	14	,	,	PUNCT
cjfa-259	136	15	which	which	PRON
cjfa-259	136	16	weights	weight	VERB
cjfa-259	136	17	different	different	ADJ
cjfa-259	136	18	factors	factor	NOUN
cjfa-259	136	19	believed	believe	VERB
cjfa-259	136	20	or	or	CCONJ
cjfa-259	136	21	proven	prove	VERB
cjfa-259	136	22	to	to	PART
cjfa-259	136	23	have	have	VERB
cjfa-259	136	24	an	an	DET
cjfa-259	136	25	impact	impact	NOUN
cjfa-259	136	26	on	on	ADP
cjfa-259	136	27	the	the	DET
cjfa-259	136	28	rating	rating	NOUN
cjfa-259	136	29	opinion	opinion	NOUN
cjfa-259	136	30	.	.	PUNCT
cjfa-259	137	1	both	both	DET
cjfa-259	137	2	moody	moody	PROPN
cjfa-259	137	3	’s	’s	PART
cjfa-259	137	4	and	and	CCONJ
cjfa-259	137	5	standard	standard	ADJ
cjfa-259	137	6	and	and	CCONJ
cjfa-259	137	7	poor	poor	ADJ
cjfa-259	137	8	’s	’s	PART
cjfa-259	137	9	attempt	attempt	NOUN
cjfa-259	137	10	to	to	PART
cjfa-259	137	11	analyse	analyse	VERB
cjfa-259	137	12	similar	similar	ADJ
cjfa-259	137	13	factors	factor	NOUN
cjfa-259	137	14	related	relate	VERB
cjfa-259	137	15	to	to	ADP
cjfa-259	137	16	institutional	institutional	ADJ
cjfa-259	137	17	capacity	capacity	NOUN
cjfa-259	137	18	,	,	PUNCT
cjfa-259	137	19	resilience	resilience	NOUN
cjfa-259	137	20	to	to	ADP
cjfa-259	137	21	external	external	ADJ
cjfa-259	137	22	shocks	shock	NOUN
cjfa-259	137	23	,	,	PUNCT
cjfa-259	137	24	economic	economic	ADJ
cjfa-259	137	25	and	and	CCONJ
cjfa-259	137	26	financial	financial	ADJ
cjfa-259	137	27	strength	strength	NOUN
cjfa-259	137	28	of	of	ADP
cjfa-259	137	29	sovereigns	sovereign	NOUN
cjfa-259	137	30	.	.	PUNCT
cjfa-259	138	1	therefore	therefore	ADV
cjfa-259	138	2	,	,	PUNCT
cjfa-259	138	3	in	in	ADP
cjfa-259	138	4	the	the	DET
cjfa-259	138	5	long	long	ADJ
cjfa-259	138	6	term	term	NOUN
cjfa-259	138	7	the	the	DET
cjfa-259	138	8	ratings	rating	NOUN
cjfa-259	138	9	for	for	ADP
cjfa-259	138	10	a	a	DET
cjfa-259	138	11	given	give	VERB
cjfa-259	138	12	sovereign	sovereign	NOUN
cjfa-259	138	13	should	should	AUX
cjfa-259	138	14	converge	converge	VERB
cjfa-259	138	15	.	.	PUNCT
cjfa-259	139	1	the	the	DET
cjfa-259	139	2	less	less	ADV
cjfa-259	139	3	mechanical	mechanical	ADJ
cjfa-259	139	4	(	(	PUNCT
cjfa-259	139	5	or	or	CCONJ
cjfa-259	139	6	transparent	transparent	ADJ
cjfa-259	139	7	)	)	PUNCT
cjfa-259	139	8	elements	element	NOUN
cjfa-259	139	9	of	of	ADP
cjfa-259	139	10	the	the	DET
cjfa-259	139	11	methodology	methodology	NOUN
cjfa-259	139	12	are	be	AUX
cjfa-259	139	13	linked	link	VERB
cjfa-259	139	14	to	to	ADP
cjfa-259	139	15	the	the	DET
cjfa-259	139	16	adjustments.6	adjustments.6	PROPN
cjfa-259	139	17	in	in	ADP
cjfa-259	139	18	comparison	comparison	NOUN
cjfa-259	139	19	,	,	PUNCT
cjfa-259	139	20	the	the	DET
cjfa-259	139	21	rating	rating	NOUN
cjfa-259	139	22	models	model	NOUN
cjfa-259	139	23	accepted	accept	VERB
cjfa-259	139	24	by	by	ADP
cjfa-259	139	25	the	the	DET
cjfa-259	139	26	ecb	ecb	NOUN
cjfa-259	139	27	ought	ought	AUX
cjfa-259	139	28	to	to	PART
cjfa-259	139	29	be	be	AUX
cjfa-259	139	30	primarily	primarily	ADV
cjfa-259	139	31	‘	'	PUNCT
cjfa-259	139	32	mechanical	mechanical	ADJ
cjfa-259	139	33	’	'	PUNCT
cjfa-259	139	34	to	to	PART
cjfa-259	139	35	reduce	reduce	VERB
cjfa-259	139	36	discretion	discretion	NOUN
cjfa-259	139	37	in	in	ADP
cjfa-259	139	38	assessment	assessment	NOUN
cjfa-259	139	39	.	.	PUNCT
cjfa-259	140	1	4	4	X
cjfa-259	140	2	.	.	X
cjfa-259	140	3	controversies	controversy	NOUN
cjfa-259	140	4	over	over	ADP
cjfa-259	140	5	credit	credit	NOUN
cjfa-259	140	6	ratings	rating	NOUN
cjfa-259	140	7	in	in	ADP
cjfa-259	140	8	general	general	ADJ
cjfa-259	140	9	,	,	PUNCT
cjfa-259	140	10	the	the	DET
cjfa-259	140	11	ratings	rating	NOUN
cjfa-259	140	12	of	of	ADP
cjfa-259	140	13	sovereigns	sovereign	NOUN
cjfa-259	140	14	proved	prove	VERB
cjfa-259	140	15	to	to	PART
cjfa-259	140	16	be	be	AUX
cjfa-259	140	17	consistent	consistent	ADJ
cjfa-259	140	18	as	as	ADV
cjfa-259	140	19	far	far	ADV
cjfa-259	140	20	as	as	SCONJ
cjfa-259	140	21	they	they	PRON
cjfa-259	140	22	provide	provide	VERB
cjfa-259	140	23	opinions	opinion	NOUN
cjfa-259	140	24	on	on	ADP
cjfa-259	140	25	the	the	DET
cjfa-259	140	26	reliability	reliability	NOUN
cjfa-259	140	27	of	of	ADP
cjfa-259	140	28	the	the	DET
cjfa-259	140	29	borrower	borrower	NOUN
cjfa-259	140	30	.	.	PUNCT
cjfa-259	141	1	since	since	SCONJ
cjfa-259	141	2	1975	1975	NUM
cjfa-259	141	3	,	,	PUNCT
cjfa-259	141	4	an	an	DET
cjfa-259	141	5	average	average	NOUN
cjfa-259	141	6	of	of	ADP
cjfa-259	141	7	1	1	NUM
cjfa-259	141	8	%	%	NOUN
cjfa-259	141	9	of	of	ADP
cjfa-259	141	10	the	the	DET
cjfa-259	141	11	investment	investment	NOUN
cjfa-259	141	12	-	-	PUNCT
cjfa-259	141	13	grade	grade	NOUN
cjfa-259	141	14	sovereigns	sovereign	NOUN
cjfa-259	141	15	have	have	AUX
cjfa-259	141	16	defaulted	default	VERB
cjfa-259	141	17	on	on	ADP
cjfa-259	141	18	their	their	PRON
cjfa-259	141	19	foreign	foreign	ADJ
cjfa-259	141	20	-	-	PUNCT
cjfa-259	141	21	currency	currency	NOUN
cjfa-259	141	22	debt	debt	NOUN
cjfa-259	141	23	,	,	PUNCT
cjfa-259	141	24	while	while	SCONJ
cjfa-259	141	25	in	in	ADP
cjfa-259	141	26	the	the	DET
cjfa-259	141	27	class	class	NOUN
cjfa-259	141	28	of	of	ADP
cjfa-259	141	29	speculative	speculative	ADJ
cjfa-259	141	30	-	-	PUNCT
cjfa-259	141	31	grade	grade	NOUN
cjfa-259	141	32	,	,	PUNCT
cjfa-259	141	33	this	this	PRON
cjfa-259	141	34	reached	reach	VERB
cjfa-259	141	35	30	30	NUM
cjfa-259	141	36	%	%	NOUN
cjfa-259	141	37	(	(	PUNCT
cjfa-259	141	38	standard	standard	ADJ
cjfa-259	141	39	and	and	CCONJ
cjfa-259	141	40	poor	poor	ADJ
cjfa-259	141	41	’s	’s	PART
cjfa-259	141	42	2012	2012	NUM
cjfa-259	141	43	)	)	PUNCT
cjfa-259	141	44	.	.	PUNCT
cjfa-259	142	1	nevertheless	nevertheless	ADV
cjfa-259	142	2	,	,	PUNCT
cjfa-259	142	3	the	the	DET
cjfa-259	142	4	available	available	ADJ
cjfa-259	142	5	sample	sample	NOUN
cjfa-259	142	6	is	be	AUX
cjfa-259	142	7	still	still	ADV
cjfa-259	142	8	limited	limited	ADJ
cjfa-259	142	9	and	and	CCONJ
cjfa-259	142	10	skewed	skew	VERB
cjfa-259	142	11	towards	towards	ADP
cjfa-259	142	12	the	the	DET
cjfa-259	142	13	investment	investment	NOUN
cjfa-259	142	14	-	-	PUNCT
cjfa-259	142	15	grade	grade	NOUN
cjfa-259	142	16	sovereigns	sovereign	NOUN
cjfa-259	142	17	,	,	PUNCT
cjfa-259	142	18	where	where	SCONJ
cjfa-259	142	19	credible	credible	ADJ
cjfa-259	142	20	default	default	NOUN
cjfa-259	142	21	scenarios	scenario	NOUN
cjfa-259	142	22	are	be	AUX
cjfa-259	142	23	6	6	NUM
cjfa-259	142	24	 	 	SPACE
cjfa-259	142	25	the	the	DET
cjfa-259	142	26	european	european	PROPN
cjfa-259	142	27	central	central	PROPN
cjfa-259	142	28	bank	bank	PROPN
cjfa-259	142	29	relies	rely	VERB
cjfa-259	142	30	on	on	ADP
cjfa-259	142	31	the	the	DET
cjfa-259	142	32	eurosystem	eurosystem	NOUN
cjfa-259	142	33	credit	credit	NOUN
cjfa-259	142	34	assessment	assessment	NOUN
cjfa-259	142	35	framework	framework	NOUN
cjfa-259	142	36	(	(	PUNCT
cjfa-259	142	37	ecaf	ecaf	PROPN
cjfa-259	142	38	)	)	PUNCT
cjfa-259	142	39	in	in	ADP
cjfa-259	142	40	order	order	NOUN
cjfa-259	142	41	to	to	PART
cjfa-259	142	42	determine	determine	VERB
cjfa-259	142	43	high	high	ADJ
cjfa-259	142	44	credit	credit	NOUN
cjfa-259	142	45	standard	standard	NOUN
cjfa-259	142	46	of	of	ADP
cjfa-259	142	47	the	the	DET
cjfa-259	142	48	eligible	eligible	ADJ
cjfa-259	142	49	assets	asset	NOUN
cjfa-259	142	50	acceptable	acceptable	ADJ
cjfa-259	142	51	for	for	ADP
cjfa-259	142	52	collateralising	collateralise	VERB
cjfa-259	142	53	the	the	DET
cjfa-259	142	54	monetary	monetary	ADJ
cjfa-259	142	55	policy	policy	NOUN
cjfa-259	142	56	and	and	CCONJ
cjfa-259	142	57	payment	payment	NOUN
cjfa-259	142	58	system	system	NOUN
cjfa-259	142	59	operations	operation	NOUN
cjfa-259	142	60	(	(	PUNCT
cjfa-259	142	61	ecb	ecb	NOUN
cjfa-259	142	62	2006	2006	NUM
cjfa-259	142	63	)	)	PUNCT
cjfa-259	142	64	.	.	PUNCT
cjfa-259	143	1	selected	select	VERB
cjfa-259	143	2	aspects	aspect	NOUN
cjfa-259	143	3	of	of	ADP
cjfa-259	143	4	due	due	ADJ
cjfa-259	143	5	diligence	diligence	NOUN
cjfa-259	143	6	of	of	ADP
cjfa-259	143	7	sovereigns	sovereign	NOUN
cjfa-259	143	8	75	75	NUM
cjfa-259	143	9	normally	normally	ADV
cjfa-259	143	10	difficult	difficult	ADJ
cjfa-259	143	11	to	to	PART
cjfa-259	143	12	identify	identify	VERB
cjfa-259	143	13	.	.	PUNCT
cjfa-259	144	1	in	in	ADP
cjfa-259	144	2	contrast	contrast	NOUN
cjfa-259	144	3	,	,	PUNCT
cjfa-259	144	4	the	the	DET
cjfa-259	144	5	speculative	speculative	ADJ
cjfa-259	144	6	-	-	PUNCT
cjfa-259	144	7	grade	grade	NOUN
cjfa-259	144	8	strand	strand	NOUN
cjfa-259	144	9	is	be	AUX
cjfa-259	144	10	associated	associate	VERB
cjfa-259	144	11	with	with	ADP
cjfa-259	144	12	clearer	clear	ADJ
cjfa-259	144	13	default	default	NOUN
cjfa-259	144	14	scenarios	scenario	NOUN
cjfa-259	144	15	and	and	CCONJ
cjfa-259	144	16	the	the	DET
cjfa-259	144	17	probability	probability	NOUN
cjfa-259	144	18	of	of	ADP
cjfa-259	144	19	default	default	NOUN
cjfa-259	144	20	metrics	metric	NOUN
cjfa-259	144	21	become	become	VERB
cjfa-259	144	22	more	more	ADV
cjfa-259	144	23	telling	telling	NOUN
cjfa-259	144	24	.	.	PUNCT
cjfa-259	145	1	the	the	DET
cjfa-259	145	2	accuracy	accuracy	NOUN
cjfa-259	145	3	and	and	CCONJ
cjfa-259	145	4	soundness	soundness	NOUN
cjfa-259	145	5	of	of	ADP
cjfa-259	145	6	the	the	DET
cjfa-259	145	7	rating	rating	NOUN
cjfa-259	145	8	methodologies	methodology	NOUN
cjfa-259	145	9	is	be	AUX
cjfa-259	145	10	sometimes	sometimes	ADV
cjfa-259	145	11	disputed	dispute	VERB
cjfa-259	145	12	,	,	PUNCT
cjfa-259	145	13	in	in	ADP
cjfa-259	145	14	particular	particular	ADJ
cjfa-259	145	15	with	with	ADP
cjfa-259	145	16	relation	relation	NOUN
cjfa-259	145	17	to	to	ADP
cjfa-259	145	18	the	the	DET
cjfa-259	145	19	failure	failure	NOUN
cjfa-259	145	20	of	of	ADP
cjfa-259	145	21	rating	rating	NOUN
cjfa-259	145	22	agencies	agency	NOUN
cjfa-259	145	23	in	in	ADP
cjfa-259	145	24	predicting	predict	VERB
cjfa-259	145	25	market	market	NOUN
cjfa-259	145	26	crises	crisis	NOUN
cjfa-259	145	27	.	.	PUNCT
cjfa-259	146	1	it	it	PRON
cjfa-259	146	2	appears	appear	VERB
cjfa-259	146	3	,	,	PUNCT
cjfa-259	146	4	however	however	ADV
cjfa-259	146	5	,	,	PUNCT
cjfa-259	146	6	that	that	SCONJ
cjfa-259	146	7	much	much	ADJ
cjfa-259	146	8	of	of	ADP
cjfa-259	146	9	the	the	DET
cjfa-259	146	10	controversy	controversy	NOUN
cjfa-259	146	11	stems	stem	VERB
cjfa-259	146	12	from	from	ADP
cjfa-259	146	13	the	the	DET
cjfa-259	146	14	use	use	NOUN
cjfa-259	146	15	of	of	ADP
cjfa-259	146	16	the	the	DET
cjfa-259	146	17	actual	actual	ADJ
cjfa-259	146	18	ratings	rating	NOUN
cjfa-259	146	19	and	and	CCONJ
cjfa-259	146	20	wider	wide	ADJ
cjfa-259	146	21	effects	effect	NOUN
cjfa-259	146	22	they	they	PRON
cjfa-259	146	23	trigger	trigger	VERB
cjfa-259	146	24	in	in	ADP
cjfa-259	146	25	the	the	DET
cjfa-259	146	26	markets	market	NOUN
cjfa-259	146	27	,	,	PUNCT
cjfa-259	146	28	rather	rather	ADV
cjfa-259	146	29	than	than	ADP
cjfa-259	146	30	their	their	PRON
cjfa-259	146	31	methodological	methodological	ADJ
cjfa-259	146	32	strength	strength	NOUN
cjfa-259	146	33	.	.	PUNCT
cjfa-259	147	1	the	the	DET
cjfa-259	147	2	main	main	ADJ
cjfa-259	147	3	point	point	NOUN
cjfa-259	147	4	of	of	ADP
cjfa-259	147	5	criticism	criticism	NOUN
cjfa-259	147	6	from	from	ADP
cjfa-259	147	7	the	the	DET
cjfa-259	147	8	sovereigns	sovereign	NOUN
cjfa-259	147	9	is	be	AUX
cjfa-259	147	10	therefore	therefore	ADV
cjfa-259	147	11	the	the	DET
cjfa-259	147	12	timing	timing	NOUN
cjfa-259	147	13	of	of	ADP
cjfa-259	147	14	credit	credit	NOUN
cjfa-259	147	15	rating	rating	NOUN
cjfa-259	147	16	announcements.7	announcements.7	VERB
cjfa-259	147	17	this	this	PRON
cjfa-259	147	18	is	be	AUX
cjfa-259	147	19	believed	believe	VERB
cjfa-259	147	20	to	to	PART
cjfa-259	147	21	cause	cause	VERB
cjfa-259	147	22	market	market	NOUN
cjfa-259	147	23	disruptions	disruption	NOUN
cjfa-259	147	24	and	and	CCONJ
cjfa-259	147	25	accelerate	accelerate	VERB
cjfa-259	147	26	a	a	DET
cjfa-259	147	27	“	"	PUNCT
cjfa-259	147	28	cliff	cliff	NOUN
cjfa-259	147	29	effect	effect	NOUN
cjfa-259	147	30	”	"	PUNCT
cjfa-259	147	31	,	,	PUNCT
cjfa-259	147	32	where	where	SCONJ
cjfa-259	147	33	a	a	DET
cjfa-259	147	34	downgrade	downgrade	NOUN
cjfa-259	147	35	under	under	ADP
cjfa-259	147	36	certain	certain	ADJ
cjfa-259	147	37	thresholds	threshold	NOUN
cjfa-259	147	38	leads	lead	VERB
cjfa-259	147	39	to	to	ADP
cjfa-259	147	40	a	a	DET
cjfa-259	147	41	series	series	NOUN
cjfa-259	147	42	of	of	ADP
cjfa-259	147	43	cascading	cascade	VERB
cjfa-259	147	44	actions	action	NOUN
cjfa-259	147	45	.	.	PUNCT
cjfa-259	148	1	this	this	PRON
cjfa-259	148	2	is	be	AUX
cjfa-259	148	3	related	relate	VERB
cjfa-259	148	4	to	to	ADP
cjfa-259	148	5	the	the	DET
cjfa-259	148	6	issue	issue	NOUN
cjfa-259	148	7	of	of	ADP
cjfa-259	148	8	overreliance	overreliance	NOUN
cjfa-259	148	9	on	on	ADP
cjfa-259	148	10	the	the	DET
cjfa-259	148	11	external	external	ADJ
cjfa-259	148	12	ratings	rating	NOUN
cjfa-259	148	13	,	,	PUNCT
cjfa-259	148	14	enforced	enforce	VERB
cjfa-259	148	15	by	by	ADP
cjfa-259	148	16	the	the	DET
cjfa-259	148	17	references	reference	NOUN
cjfa-259	148	18	to	to	ADP
cjfa-259	148	19	them	they	PRON
cjfa-259	148	20	in	in	ADP
cjfa-259	148	21	legislation	legislation	NOUN
cjfa-259	148	22	and	and	CCONJ
cjfa-259	148	23	contractual	contractual	ADJ
cjfa-259	148	24	clauses	clause	NOUN
cjfa-259	148	25	.	.	PUNCT
cjfa-259	149	1	within	within	ADP
cjfa-259	149	2	the	the	DET
cjfa-259	149	3	eu	eu	PROPN
cjfa-259	149	4	,	,	PUNCT
cjfa-259	149	5	a	a	DET
cjfa-259	149	6	set	set	NOUN
cjfa-259	149	7	of	of	ADP
cjfa-259	149	8	legislative	legislative	ADJ
cjfa-259	149	9	measures	measure	NOUN
cjfa-259	149	10	has	have	AUX
cjfa-259	149	11	been	be	AUX
cjfa-259	149	12	adopted	adopt	VERB
cjfa-259	149	13	to	to	PART
cjfa-259	149	14	reduce	reduce	VERB
cjfa-259	149	15	it	it	PRON
cjfa-259	149	16	.	.	PUNCT
cjfa-259	150	1	to	to	ADP
cjfa-259	150	2	this	this	DET
cjfa-259	150	3	end	end	NOUN
cjfa-259	150	4	,	,	PUNCT
cjfa-259	150	5	for	for	ADP
cjfa-259	150	6	instance	instance	NOUN
cjfa-259	150	7	,	,	PUNCT
cjfa-259	150	8	financial	financial	ADJ
cjfa-259	150	9	institutions	institution	NOUN
cjfa-259	150	10	will	will	AUX
cjfa-259	150	11	have	have	VERB
cjfa-259	150	12	to	to	PART
cjfa-259	150	13	strengthen	strengthen	VERB
cjfa-259	150	14	their	their	PRON
cjfa-259	150	15	internal	internal	ADJ
cjfa-259	150	16	rating	rating	NOUN
cjfa-259	150	17	capacity	capacity	NOUN
cjfa-259	150	18	.	.	PUNCT
cjfa-259	151	1	5	5	X
cjfa-259	151	2	.	.	NOUN
cjfa-259	151	3	example	example	NOUN
cjfa-259	151	4	of	of	ADP
cjfa-259	151	5	the	the	DET
cjfa-259	151	6	decomposition	decomposition	NOUN
cjfa-259	151	7	of	of	ADP
cjfa-259	151	8	credit	credit	NOUN
cjfa-259	151	9	ratings	rating	NOUN
cjfa-259	151	10	decomposition	decomposition	NOUN
cjfa-259	151	11	of	of	ADP
cjfa-259	151	12	ratings	rating	NOUN
cjfa-259	151	13	of	of	ADP
cjfa-259	151	14	selected	select	VERB
cjfa-259	151	15	eu	eu	PROPN
cjfa-259	151	16	countries	country	NOUN
cjfa-259	151	17	will	will	AUX
cjfa-259	151	18	illustrate	illustrate	VERB
cjfa-259	151	19	the	the	DET
cjfa-259	151	20	moody	moody	NOUN
cjfa-259	151	21	’s	’s	PART
cjfa-259	151	22	methodology	methodology	NOUN
cjfa-259	151	23	(	(	PUNCT
cjfa-259	151	24	table	table	NOUN
cjfa-259	151	25	1	1	NUM
cjfa-259	151	26	)	)	PUNCT
cjfa-259	151	27	.	.	PUNCT
cjfa-259	152	1	germany	germany	PROPN
cjfa-259	152	2	is	be	AUX
cjfa-259	152	3	currently	currently	ADV
cjfa-259	152	4	among	among	ADP
cjfa-259	152	5	few	few	ADJ
cjfa-259	152	6	economies	economy	NOUN
cjfa-259	152	7	enjoying	enjoy	VERB
cjfa-259	152	8	aaa	aaa	NOUN
cjfa-259	152	9	rating	rating	NOUN
cjfa-259	152	10	,	,	PUNCT
cjfa-259	152	11	however	however	ADV
cjfa-259	152	12	,	,	PUNCT
cjfa-259	152	13	with	with	ADP
cjfa-259	152	14	a	a	DET
cjfa-259	152	15	negative	negative	ADJ
cjfa-259	152	16	outlook	outlook	NOUN
cjfa-259	152	17	.	.	PUNCT
cjfa-259	153	1	the	the	DET
cjfa-259	153	2	solid	solid	ADJ
cjfa-259	153	3	fundamentals	fundamental	NOUN
cjfa-259	153	4	of	of	ADP
cjfa-259	153	5	german	german	ADJ
cjfa-259	153	6	economy	economy	NOUN
cjfa-259	153	7	are	be	AUX
cjfa-259	153	8	given	give	VERB
cjfa-259	153	9	by	by	ADP
cjfa-259	153	10	its	its	PRON
cjfa-259	153	11	diversified	diversified	ADJ
cjfa-259	153	12	and	and	CCONJ
cjfa-259	153	13	advanced	advanced	ADJ
cjfa-259	153	14	structure	structure	NOUN
cjfa-259	153	15	and	and	CCONJ
cjfa-259	153	16	stable	stable	ADJ
cjfa-259	153	17	,	,	PUNCT
cjfa-259	153	18	mature	mature	ADJ
cjfa-259	153	19	institutions	institution	NOUN
cjfa-259	153	20	.	.	PUNCT
cjfa-259	154	1	unlike	unlike	ADP
cjfa-259	154	2	italy	italy	PROPN
cjfa-259	154	3	and	and	CCONJ
cjfa-259	154	4	france	france	PROPN
cjfa-259	154	5	,	,	PUNCT
cjfa-259	154	6	it	it	PRON
cjfa-259	154	7	has	have	AUX
cjfa-259	154	8	not	not	PART
cjfa-259	154	9	experienced	experience	VERB
cjfa-259	154	10	a	a	DET
cjfa-259	154	11	sharp	sharp	ADJ
cjfa-259	154	12	rise	rise	NOUN
cjfa-259	154	13	in	in	ADP
cjfa-259	154	14	unit	unit	NOUN
cjfa-259	154	15	labour	labour	NOUN
cjfa-259	154	16	cost	cost	NOUN
cjfa-259	154	17	in	in	ADP
cjfa-259	154	18	the	the	DET
cjfa-259	154	19	last	last	ADJ
cjfa-259	154	20	decade	decade	NOUN
cjfa-259	154	21	,	,	PUNCT
cjfa-259	154	22	which	which	PRON
cjfa-259	154	23	supported	support	VERB
cjfa-259	154	24	its	its	PRON
cjfa-259	154	25	competitiveness	competitiveness	NOUN
cjfa-259	154	26	and	and	CCONJ
cjfa-259	154	27	world	world	NOUN
cjfa-259	154	28	demand	demand	NOUN
cjfa-259	154	29	for	for	ADP
cjfa-259	154	30	its	its	PRON
cjfa-259	154	31	goods	good	NOUN
cjfa-259	154	32	.	.	PUNCT
cjfa-259	155	1	it	it	PRON
cjfa-259	155	2	is	be	AUX
cjfa-259	155	3	also	also	ADV
cjfa-259	155	4	enjoying	enjoy	VERB
cjfa-259	155	5	investors	investor	NOUN
cjfa-259	155	6	’	'	PUNCT
cjfa-259	155	7	confidence	confidence	NOUN
cjfa-259	155	8	leading	lead	VERB
cjfa-259	155	9	to	to	ADP
cjfa-259	155	10	highly	highly	ADV
cjfa-259	155	11	affordable	affordable	ADJ
cjfa-259	155	12	borrowing	borrowing	NOUN
cjfa-259	155	13	costs	cost	NOUN
cjfa-259	155	14	.	.	PUNCT
cjfa-259	156	1	hence	hence	ADV
cjfa-259	156	2	,	,	PUNCT
cjfa-259	156	3	germany	germany	PROPN
cjfa-259	156	4	notes	note	VERB
cjfa-259	156	5	the	the	DET
cjfa-259	156	6	highest	high	ADJ
cjfa-259	156	7	scores	score	NOUN
cjfa-259	156	8	in	in	ADP
cjfa-259	156	9	all	all	DET
cjfa-259	156	10	partial	partial	ADJ
cjfa-259	156	11	ratings	rating	NOUN
cjfa-259	156	12	.	.	PUNCT
cjfa-259	157	1	the	the	DET
cjfa-259	157	2	factors	factor	NOUN
cjfa-259	157	3	indicating	indicate	VERB
cjfa-259	157	4	negative	negative	ADJ
cjfa-259	157	5	outlook	outlook	NOUN
cjfa-259	157	6	are	be	AUX
cjfa-259	157	7	related	relate	VERB
cjfa-259	157	8	to	to	ADP
cjfa-259	157	9	the	the	DET
cjfa-259	157	10	eurozone	eurozone	NOUN
cjfa-259	157	11	crisis	crisis	NOUN
cjfa-259	157	12	and	and	CCONJ
cjfa-259	157	13	exposure	exposure	NOUN
cjfa-259	157	14	of	of	ADP
cjfa-259	157	15	german	german	ADJ
cjfa-259	157	16	banking	banking	NOUN
cjfa-259	157	17	sector	sector	NOUN
cjfa-259	157	18	to	to	ADP
cjfa-259	157	19	the	the	DET
cjfa-259	157	20	distressed	distressed	ADJ
cjfa-259	157	21	eu	eu	PROPN
cjfa-259	157	22	economies	economy	NOUN
cjfa-259	157	23	.	.	PUNCT
cjfa-259	158	1	it	it	PRON
cjfa-259	158	2	should	should	AUX
cjfa-259	158	3	be	be	AUX
cjfa-259	158	4	noted	note	VERB
cjfa-259	158	5	that	that	SCONJ
cjfa-259	158	6	germany	germany	PROPN
cjfa-259	158	7	also	also	ADV
cjfa-259	158	8	faces	face	VERB
cjfa-259	158	9	challenge	challenge	NOUN
cjfa-259	158	10	of	of	ADP
cjfa-259	158	11	ageing	age	VERB
cjfa-259	158	12	population	population	NOUN
cjfa-259	158	13	and	and	CCONJ
cjfa-259	158	14	related	relate	VERB
cjfa-259	158	15	rising	rise	VERB
cjfa-259	158	16	costs	cost	NOUN
cjfa-259	158	17	of	of	ADP
cjfa-259	158	18	healthcare	healthcare	NOUN
cjfa-259	158	19	system	system	NOUN
cjfa-259	158	20	.	.	PUNCT
cjfa-259	159	1	7	7	NUM
cjfa-259	159	2	 	 	SPACE
cjfa-259	159	3	the	the	DET
cjfa-259	159	4	recent	recent	ADJ
cjfa-259	159	5	amendment	amendment	NOUN
cjfa-259	159	6	of	of	ADP
cjfa-259	159	7	the	the	DET
cjfa-259	159	8	regulation	regulation	NOUN
cjfa-259	159	9	(	(	PUNCT
cjfa-259	159	10	ec	ec	PROPN
cjfa-259	159	11	)	)	PUNCT
cjfa-259	159	12	no	no	DET
cjfa-259	159	13	1060/2009	1060/2009	NUM
cjfa-259	159	14	on	on	ADP
cjfa-259	159	15	credit	credit	NOUN
cjfa-259	159	16	rating	rating	NOUN
cjfa-259	159	17	agencies	agency	NOUN
cjfa-259	159	18	allows	allow	VERB
cjfa-259	159	19	publishing	publishing	NOUN
cjfa-259	159	20	of	of	ADP
cjfa-259	159	21	unsolicited	unsolicited	ADJ
cjfa-259	159	22	rating	rating	NOUN
cjfa-259	159	23	only	only	ADV
cjfa-259	159	24	three	three	NUM
cjfa-259	159	25	times	time	NOUN
cjfa-259	159	26	a	a	DET
cjfa-259	159	27	year	year	NOUN
cjfa-259	159	28	at	at	ADP
cjfa-259	159	29	predefined	predefine	VERB
cjfa-259	159	30	calendar	calendar	NOUN
cjfa-259	159	31	.	.	PUNCT
cjfa-259	160	1	sebastian	sebastian	PROPN
cjfa-259	160	2	hyżyk	hyżyk	PROPN
cjfa-259	160	3	or	or	CCONJ
cjfa-259	160	4	76	76	NUM
cjfa-259	160	5	table	table	NOUN
cjfa-259	160	6	1	1	NUM
cjfa-259	160	7	.	.	PUNCT
cjfa-259	160	8	decomposition	decomposition	NOUN
cjfa-259	160	9	of	of	ADP
cjfa-259	160	10	credit	credit	NOUN
cjfa-259	160	11	ratings	rating	NOUN
cjfa-259	160	12	of	of	ADP
cjfa-259	160	13	selected	select	VERB
cjfa-259	160	14	countries	country	NOUN
cjfa-259	160	15	(	(	PUNCT
cjfa-259	160	16	as	as	ADP
cjfa-259	160	17	of	of	ADP
cjfa-259	160	18	20.02.2013	20.02.2013	NUM
cjfa-259	160	19	)	)	PUNCT
cjfa-259	160	20	country	country	NOUN
cjfa-259	160	21	bond	bond	NOUN
cjfa-259	160	22	rating	rate	VERB
cjfa-259	160	23	economic	economic	ADJ
cjfa-259	160	24	strength	strength	NOUN
cjfa-259	160	25	institutional	institutional	ADJ
cjfa-259	160	26	strength	strength	NOUN
cjfa-259	160	27	financial	financial	ADJ
cjfa-259	160	28	strength	strength	NOUN
cjfa-259	160	29	event	event	PROPN
cjfa-259	160	30	risk	risk	PROPN
cjfa-259	160	31	germany	germany	PROPN
cjfa-259	160	32	aaa	aaa	VERB
cjfa-259	160	33	very	very	ADV
cjfa-259	160	34	high	high	ADJ
cjfa-259	160	35	very	very	ADV
cjfa-259	160	36	high	high	ADJ
cjfa-259	160	37	very	very	ADV
cjfa-259	160	38	high	high	ADJ
cjfa-259	160	39	very	very	ADV
cjfa-259	160	40	low	low	ADJ
cjfa-259	160	41	poland	poland	PROPN
cjfa-259	160	42	a2	a2	PROPN
cjfa-259	160	43	high	high	ADJ
cjfa-259	160	44	high	high	ADJ
cjfa-259	160	45	moderate	moderate	ADJ
cjfa-259	160	46	moderate	moderate	PROPN
cjfa-259	160	47	italy	italy	PROPN
cjfa-259	160	48	baa2	baa2	VERB
cjfa-259	160	49	high	high	ADJ
cjfa-259	160	50	/	/	SYM
cjfa-259	160	51	moderate	moderate	ADJ
cjfa-259	160	52	high	high	ADJ
cjfa-259	160	53	/	/	SYM
cjfa-259	160	54	moderate	moderate	ADJ
cjfa-259	160	55	low	low	ADJ
cjfa-259	160	56	high	high	ADJ
cjfa-259	160	57	greece	greece	PROPN
cjfa-259	160	58	c	c	PROPN
cjfa-259	160	59	moderate	moderate	VERB
cjfa-259	160	60	low	low	ADJ
cjfa-259	160	61	very	very	ADV
cjfa-259	160	62	low	low	ADJ
cjfa-259	160	63	very	very	ADV
cjfa-259	160	64	high	high	ADJ
cjfa-259	160	65	s	s	PART
cjfa-259	160	66	o	o	NOUN
cjfa-259	160	67	u	u	NOUN
cjfa-259	160	68	r	r	NOUN
cjfa-259	160	69	c	c	NOUN
cjfa-259	160	70	e	e	NOUN
cjfa-259	160	71	:	:	PUNCT
cjfa-259	160	72	based	base	VERB
cjfa-259	160	73	on	on	ADP
cjfa-259	160	74	moody	moody	PROPN
cjfa-259	160	75	’s	’s	PART
cjfa-259	160	76	credit	credit	NOUN
cjfa-259	160	77	analyses	analysis	NOUN
cjfa-259	160	78	for	for	ADP
cjfa-259	160	79	respective	respective	ADJ
cjfa-259	160	80	countries	country	NOUN
cjfa-259	160	81	.	.	PUNCT
cjfa-259	161	1	on	on	ADP
cjfa-259	161	2	the	the	DET
cjfa-259	161	3	other	other	ADJ
cjfa-259	161	4	side	side	NOUN
cjfa-259	161	5	,	,	PUNCT
cjfa-259	161	6	the	the	DET
cjfa-259	161	7	rating	rating	NOUN
cjfa-259	161	8	of	of	ADP
cjfa-259	161	9	greece	greece	PROPN
cjfa-259	161	10	reflects	reflect	VERB
cjfa-259	161	11	the	the	DET
cjfa-259	161	12	fact	fact	NOUN
cjfa-259	161	13	that	that	SCONJ
cjfa-259	161	14	moody	moody	PROPN
cjfa-259	161	15	’s	’s	PART
cjfa-259	161	16	considers	consider	VERB
cjfa-259	161	17	the	the	DET
cjfa-259	161	18	bond	bond	NOUN
cjfa-259	161	19	buyback	buyback	NOUN
cjfa-259	161	20	programme	programme	NOUN
cjfa-259	161	21	executed	execute	VERB
cjfa-259	161	22	in	in	ADP
cjfa-259	161	23	december	december	PROPN
cjfa-259	161	24	2012	2012	NUM
cjfa-259	161	25	,	,	PUNCT
cjfa-259	161	26	in	in	ADP
cjfa-259	161	27	which	which	PRON
cjfa-259	161	28	private	private	ADJ
cjfa-259	161	29	-	-	PUNCT
cjfa-259	161	30	sector	sector	NOUN
cjfa-259	161	31	bondholders	bondholder	NOUN
cjfa-259	161	32	incurred	incur	VERB
cjfa-259	161	33	a	a	DET
cjfa-259	161	34	loss	loss	NOUN
cjfa-259	161	35	of	of	ADP
cjfa-259	161	36	over	over	ADP
cjfa-259	161	37	60	60	NUM
cjfa-259	161	38	%	%	NOUN
cjfa-259	161	39	in	in	ADP
cjfa-259	161	40	net	net	ADJ
cjfa-259	161	41	present	present	ADJ
cjfa-259	161	42	value	value	NOUN
cjfa-259	161	43	terms	term	NOUN
cjfa-259	161	44	,	,	PUNCT
cjfa-259	161	45	as	as	ADP
cjfa-259	161	46	a	a	DET
cjfa-259	161	47	default	default	NOUN
cjfa-259	161	48	.	.	PUNCT
cjfa-259	162	1	undiversified	undiversifie	VERB
cjfa-259	162	2	greek	greek	NOUN
cjfa-259	162	3	economy	economy	NOUN
cjfa-259	162	4	is	be	AUX
cjfa-259	162	5	one	one	NUM
cjfa-259	162	6	of	of	ADP
cjfa-259	162	7	the	the	DET
cjfa-259	162	8	smallest	small	ADJ
cjfa-259	162	9	in	in	ADP
cjfa-259	162	10	europe	europe	PROPN
cjfa-259	162	11	.	.	PUNCT
cjfa-259	163	1	despite	despite	SCONJ
cjfa-259	163	2	its	its	PRON
cjfa-259	163	3	gdp	gdp	NOUN
cjfa-259	163	4	per	per	ADP
cjfa-259	163	5	capita	capita	NOUN
cjfa-259	163	6	levels	level	NOUN
cjfa-259	163	7	(	(	PUNCT
cjfa-259	163	8	higher	high	ADJ
cjfa-259	163	9	than	than	ADP
cjfa-259	163	10	in	in	ADP
cjfa-259	163	11	poland	poland	PROPN
cjfa-259	163	12	)	)	PUNCT
cjfa-259	163	13	there	there	PRON
cjfa-259	163	14	is	be	VERB
cjfa-259	163	15	not	not	PART
cjfa-259	163	16	sufficient	sufficient	ADJ
cjfa-259	163	17	economic	economic	ADJ
cjfa-259	163	18	strength	strength	NOUN
cjfa-259	163	19	to	to	PART
cjfa-259	163	20	absorb	absorb	VERB
cjfa-259	163	21	shocks	shock	NOUN
cjfa-259	163	22	.	.	PUNCT
cjfa-259	164	1	gdp	gdp	NOUN
cjfa-259	164	2	in	in	ADP
cjfa-259	164	3	nominal	nominal	ADJ
cjfa-259	164	4	terms	term	NOUN
cjfa-259	164	5	is	be	AUX
cjfa-259	164	6	contracting	contract	VERB
cjfa-259	164	7	the	the	DET
cjfa-259	164	8	fourth	fourth	ADJ
cjfa-259	164	9	consecutive	consecutive	ADJ
cjfa-259	164	10	year	year	NOUN
cjfa-259	164	11	.	.	PUNCT
cjfa-259	165	1	greek	greek	ADJ
cjfa-259	165	2	institutions	institution	NOUN
cjfa-259	165	3	suffer	suffer	VERB
cjfa-259	165	4	from	from	ADP
cjfa-259	165	5	ineffectiveness	ineffectiveness	NOUN
cjfa-259	165	6	(	(	PUNCT
cjfa-259	165	7	although	although	SCONJ
cjfa-259	165	8	worldwide	worldwide	ADJ
cjfa-259	165	9	governance	governance	NOUN
cjfa-259	165	10	indicators	indicator	NOUN
cjfa-259	165	11	place	place	VERB
cjfa-259	165	12	them	they	PRON
cjfa-259	165	13	on	on	ADP
cjfa-259	165	14	a	a	DET
cjfa-259	165	15	higher	high	ADJ
cjfa-259	165	16	level	level	NOUN
cjfa-259	165	17	than	than	ADP
cjfa-259	165	18	italian	italian	ADJ
cjfa-259	165	19	)	)	PUNCT
cjfa-259	165	20	and	and	CCONJ
cjfa-259	165	21	implementation	implementation	NOUN
cjfa-259	165	22	of	of	ADP
cjfa-259	165	23	reforms	reform	NOUN
cjfa-259	165	24	remains	remain	VERB
cjfa-259	165	25	uncertain	uncertain	ADJ
cjfa-259	165	26	in	in	ADP
cjfa-259	165	27	the	the	DET
cjfa-259	165	28	absence	absence	NOUN
cjfa-259	165	29	of	of	ADP
cjfa-259	165	30	the	the	DET
cjfa-259	165	31	support	support	NOUN
cjfa-259	165	32	from	from	ADP
cjfa-259	165	33	the	the	DET
cjfa-259	165	34	citizens	citizen	NOUN
cjfa-259	165	35	.	.	PUNCT
cjfa-259	166	1	problems	problem	NOUN
cjfa-259	166	2	with	with	ADP
cjfa-259	166	3	official	official	ADJ
cjfa-259	166	4	statistical	statistical	ADJ
cjfa-259	166	5	data	datum	NOUN
cjfa-259	166	6	negatively	negatively	ADV
cjfa-259	166	7	impacted	impact	VERB
cjfa-259	166	8	track	track	NOUN
cjfa-259	166	9	record	record	NOUN
cjfa-259	166	10	of	of	ADP
cjfa-259	166	11	greek	greek	ADJ
cjfa-259	166	12	authorities	authority	NOUN
cjfa-259	166	13	.	.	PUNCT
cjfa-259	167	1	the	the	DET
cjfa-259	167	2	country	country	NOUN
cjfa-259	167	3	remains	remain	VERB
cjfa-259	167	4	highly	highly	ADV
cjfa-259	167	5	susceptible	susceptible	ADJ
cjfa-259	167	6	to	to	ADP
cjfa-259	167	7	event	event	NOUN
cjfa-259	167	8	risk	risk	NOUN
cjfa-259	167	9	,	,	PUNCT
cjfa-259	167	10	including	include	VERB
cjfa-259	167	11	political	political	ADJ
cjfa-259	167	12	risk	risk	NOUN
cjfa-259	167	13	and	and	CCONJ
cjfa-259	167	14	further	further	ADJ
cjfa-259	167	15	deterioration	deterioration	NOUN
cjfa-259	167	16	of	of	ADP
cjfa-259	167	17	greek	greek	ADJ
cjfa-259	167	18	banking	banking	NOUN
cjfa-259	167	19	sector	sector	NOUN
cjfa-259	167	20	(	(	PUNCT
cjfa-259	167	21	financial	financial	ADJ
cjfa-259	167	22	risk	risk	NOUN
cjfa-259	167	23	)	)	PUNCT
cjfa-259	167	24	.	.	PUNCT
cjfa-259	168	1	debt	debt	NOUN
cjfa-259	168	2	burden	burden	NOUN
cjfa-259	168	3	at	at	ADP
cjfa-259	168	4	164	164	NUM
cjfa-259	168	5	%	%	NOUN
cjfa-259	168	6	of	of	ADP
cjfa-259	168	7	gdp	gdp	NOUN
cjfa-259	168	8	is	be	AUX
cjfa-259	168	9	not	not	PART
cjfa-259	168	10	sustainable	sustainable	ADJ
cjfa-259	168	11	.	.	PUNCT
cjfa-259	169	1	currently	currently	ADV
cjfa-259	169	2	greece	greece	PROPN
cjfa-259	169	3	does	do	AUX
cjfa-259	169	4	not	not	PART
cjfa-259	169	5	have	have	VERB
cjfa-259	169	6	access	access	NOUN
cjfa-259	169	7	to	to	ADP
cjfa-259	169	8	long	long	ADJ
cjfa-259	169	9	-	-	PUNCT
cjfa-259	169	10	term	term	NOUN
cjfa-259	169	11	financial	financial	ADJ
cjfa-259	169	12	markets	market	NOUN
cjfa-259	169	13	due	due	ADJ
cjfa-259	169	14	to	to	ADP
cjfa-259	169	15	prohibitive	prohibitive	ADJ
cjfa-259	169	16	interest	interest	NOUN
cjfa-259	169	17	rates	rate	NOUN
cjfa-259	169	18	and	and	CCONJ
cjfa-259	169	19	relies	rely	VERB
cjfa-259	169	20	on	on	ADP
cjfa-259	169	21	the	the	DET
cjfa-259	169	22	assistance	assistance	NOUN
cjfa-259	169	23	package	package	NOUN
cjfa-259	169	24	from	from	ADP
cjfa-259	169	25	the	the	DET
cjfa-259	169	26	troika	troika	NOUN
cjfa-259	169	27	.	.	PUNCT
cjfa-259	170	1	italian	italian	ADJ
cjfa-259	170	2	economy	economy	NOUN
cjfa-259	170	3	is	be	AUX
cjfa-259	170	4	large	large	ADJ
cjfa-259	170	5	and	and	CCONJ
cjfa-259	170	6	diversified	diversify	VERB
cjfa-259	170	7	with	with	ADP
cjfa-259	170	8	a	a	DET
cjfa-259	170	9	strong	strong	ADJ
cjfa-259	170	10	manufacturing	manufacturing	NOUN
cjfa-259	170	11	base	base	NOUN
cjfa-259	170	12	of	of	ADP
cjfa-259	170	13	its	its	PRON
cjfa-259	170	14	sme	sme	NOUN
cjfa-259	170	15	sector	sector	NOUN
cjfa-259	170	16	.	.	PUNCT
cjfa-259	171	1	nevertheless	nevertheless	ADV
cjfa-259	171	2	,	,	PUNCT
cjfa-259	171	3	economic	economic	ADJ
cjfa-259	171	4	strength	strength	NOUN
cjfa-259	171	5	is	be	AUX
cjfa-259	171	6	judged	judge	VERB
cjfa-259	171	7	by	by	ADP
cjfa-259	171	8	moody	moody	PROPN
cjfa-259	171	9	’s	’s	PART
cjfa-259	171	10	analytics	analytic	NOUN
cjfa-259	171	11	between	between	ADP
cjfa-259	171	12	high	high	ADJ
cjfa-259	171	13	and	and	CCONJ
cjfa-259	171	14	moderate	moderate	ADJ
cjfa-259	171	15	amid	amid	ADP
cjfa-259	171	16	structural	structural	ADJ
cjfa-259	171	17	challenges	challenge	NOUN
cjfa-259	171	18	,	,	PUNCT
cjfa-259	171	19	low	low	ADJ
cjfa-259	171	20	productivity	productivity	NOUN
cjfa-259	171	21	and	and	CCONJ
cjfa-259	171	22	inflexible	inflexible	ADJ
cjfa-259	171	23	labour	labour	NOUN
cjfa-259	171	24	market	market	NOUN
cjfa-259	171	25	.	.	PUNCT
cjfa-259	172	1	italian	italian	ADJ
cjfa-259	172	2	institutions	institution	NOUN
cjfa-259	172	3	are	be	AUX
cjfa-259	172	4	adhered	adhere	VERB
cjfa-259	172	5	to	to	ADP
cjfa-259	172	6	the	the	DET
cjfa-259	172	7	acquis	acquis	ADJ
cjfa-259	172	8	communautaire	communautaire	NOUN
cjfa-259	172	9	,	,	PUNCT
cjfa-259	172	10	but	but	CCONJ
cjfa-259	172	11	at	at	ADP
cjfa-259	172	12	the	the	DET
cjfa-259	172	13	same	same	ADJ
cjfa-259	172	14	time	time	NOUN
cjfa-259	172	15	exhibit	exhibit	VERB
cjfa-259	172	16	weaknesses	weakness	NOUN
cjfa-259	172	17	,	,	PUNCT
cjfa-259	172	18	in	in	ADP
cjfa-259	172	19	particular	particular	ADJ
cjfa-259	172	20	in	in	ADP
cjfa-259	172	21	the	the	DET
cjfa-259	172	22	southern	southern	ADJ
cjfa-259	172	23	regions	region	NOUN
cjfa-259	172	24	.	.	PUNCT
cjfa-259	173	1	the	the	DET
cjfa-259	173	2	international	international	ADJ
cjfa-259	173	3	monetary	monetary	ADJ
cjfa-259	173	4	fund	fund	NOUN
cjfa-259	173	5	(	(	PUNCT
cjfa-259	173	6	imf	imf	PROPN
cjfa-259	173	7	)	)	PUNCT
cjfa-259	173	8	estimates	estimate	VERB
cjfa-259	173	9	the	the	DET
cjfa-259	173	10	effect	effect	NOUN
cjfa-259	173	11	of	of	ADP
cjfa-259	173	12	potential	potential	ADJ
cjfa-259	173	13	structural	structural	ADJ
cjfa-259	173	14	reforms	reform	NOUN
cjfa-259	173	15	in	in	ADP
cjfa-259	173	16	energy	energy	NOUN
cjfa-259	173	17	,	,	PUNCT
cjfa-259	173	18	transport	transport	NOUN
cjfa-259	173	19	,	,	PUNCT
cjfa-259	173	20	professional	professional	ADJ
cjfa-259	173	21	services	service	NOUN
cjfa-259	173	22	,	,	PUNCT
cjfa-259	173	23	judicial	judicial	ADJ
cjfa-259	173	24	system	system	NOUN
cjfa-259	173	25	and	and	CCONJ
cjfa-259	173	26	public	public	ADJ
cjfa-259	173	27	services	service	NOUN
cjfa-259	173	28	at	at	ADP
cjfa-259	173	29	5.7	5.7	NUM
cjfa-259	173	30	%	%	NOUN
cjfa-259	173	31	of	of	ADP
cjfa-259	173	32	gdp	gdp	NOUN
cjfa-259	173	33	in	in	ADP
cjfa-259	173	34	five	five	NUM
cjfa-259	173	35	years	year	NOUN
cjfa-259	173	36	’	'	PUNCT
cjfa-259	173	37	time	time	NOUN
cjfa-259	173	38	.	.	PUNCT
cjfa-259	174	1	however	however	ADV
cjfa-259	174	2	,	,	PUNCT
cjfa-259	174	3	financial	financial	ADJ
cjfa-259	174	4	strength	strength	NOUN
cjfa-259	174	5	remains	remain	VERB
cjfa-259	174	6	low	low	ADJ
cjfa-259	174	7	due	due	ADP
cjfa-259	174	8	to	to	ADP
cjfa-259	174	9	uncertainty	uncertainty	NOUN
cjfa-259	174	10	of	of	ADP
cjfa-259	174	11	structural	structural	ADJ
cjfa-259	174	12	reforms	reform	NOUN
cjfa-259	174	13	,	,	PUNCT
cjfa-259	174	14	which	which	PRON
cjfa-259	174	15	may	may	AUX
cjfa-259	174	16	be	be	AUX
cjfa-259	174	17	impeded	impede	VERB
cjfa-259	174	18	by	by	ADP
cjfa-259	174	19	the	the	DET
cjfa-259	174	20	financial	financial	ADJ
cjfa-259	174	21	crisis	crisis	NOUN
cjfa-259	174	22	,	,	PUNCT
cjfa-259	174	23	and	and	CCONJ
cjfa-259	174	24	high	high	ADJ
cjfa-259	174	25	stock	stock	NOUN
cjfa-259	174	26	of	of	ADP
cjfa-259	174	27	public	public	ADJ
cjfa-259	174	28	debt	debt	NOUN
cjfa-259	174	29	,	,	PUNCT
cjfa-259	174	30	which	which	PRON
cjfa-259	174	31	may	may	AUX
cjfa-259	174	32	become	become	VERB
cjfa-259	174	33	unaffordable	unaffordable	ADJ
cjfa-259	174	34	.	.	PUNCT
cjfa-259	175	1	as	as	SCONJ
cjfa-259	175	2	the	the	DET
cjfa-259	175	3	eurozone	eurozone	NOUN
cjfa-259	175	4	crisis	crisis	NOUN
cjfa-259	175	5	continues	continue	VERB
cjfa-259	175	6	to	to	PART
cjfa-259	175	7	threaten	threaten	VERB
cjfa-259	175	8	the	the	DET
cjfa-259	175	9	economies	economy	NOUN
cjfa-259	175	10	with	with	ADP
cjfa-259	175	11	high	high	ADJ
cjfa-259	175	12	debt	debt	NOUN
cjfa-259	175	13	,	,	PUNCT
cjfa-259	175	14	italy	italy	PROPN
cjfa-259	175	15	’s	’s	PART
cjfa-259	175	16	susceptibility	susceptibility	NOUN
cjfa-259	175	17	to	to	ADP
cjfa-259	175	18	event	event	NOUN
cjfa-259	175	19	risk	risk	NOUN
cjfa-259	175	20	remains	remain	VERB
cjfa-259	175	21	high	high	ADJ
cjfa-259	175	22	.	.	PUNCT
cjfa-259	176	1	selected	select	VERB
cjfa-259	176	2	aspects	aspect	NOUN
cjfa-259	176	3	of	of	ADP
cjfa-259	176	4	due	due	ADJ
cjfa-259	176	5	diligence	diligence	NOUN
cjfa-259	176	6	of	of	ADP
cjfa-259	176	7	sovereigns	sovereign	NOUN
cjfa-259	176	8	77	77	NUM
cjfa-259	176	9	against	against	ADP
cjfa-259	176	10	the	the	DET
cjfa-259	176	11	backdrop	backdrop	NOUN
cjfa-259	176	12	of	of	ADP
cjfa-259	176	13	distressed	distressed	ADJ
cjfa-259	176	14	european	european	ADJ
cjfa-259	176	15	economies	economy	NOUN
cjfa-259	176	16	,	,	PUNCT
cjfa-259	176	17	poland	poland	PROPN
cjfa-259	176	18	has	have	AUX
cjfa-259	176	19	presented	present	VERB
cjfa-259	176	20	robust	robust	ADJ
cjfa-259	176	21	growth	growth	NOUN
cjfa-259	176	22	.	.	PUNCT
cjfa-259	177	1	it	it	PRON
cjfa-259	177	2	used	use	VERB
cjfa-259	177	3	to	to	PART
cjfa-259	177	4	be	be	AUX
cjfa-259	177	5	driven	drive	VERB
cjfa-259	177	6	by	by	ADP
cjfa-259	177	7	eu	eu	PROPN
cjfa-259	177	8	-	-	ADJ
cjfa-259	177	9	supported	support	VERB
cjfa-259	177	10	investments	investment	NOUN
cjfa-259	177	11	and	and	CCONJ
cjfa-259	177	12	domestic	domestic	ADJ
cjfa-259	177	13	demand	demand	NOUN
cjfa-259	177	14	,	,	PUNCT
cjfa-259	177	15	factors	factor	NOUN
cjfa-259	177	16	which	which	DET
cjfa-259	177	17	influence	influence	NOUN
cjfa-259	177	18	has	have	AUX
cjfa-259	177	19	recently	recently	ADV
cjfa-259	177	20	weakened	weaken	VERB
cjfa-259	177	21	,	,	PUNCT
cjfa-259	177	22	leading	lead	VERB
cjfa-259	177	23	to	to	ADP
cjfa-259	177	24	a	a	DET
cjfa-259	177	25	slowdown	slowdown	NOUN
cjfa-259	177	26	.	.	PUNCT
cjfa-259	178	1	stable	stable	ADJ
cjfa-259	178	2	,	,	PUNCT
cjfa-259	178	3	democratic	democratic	ADJ
cjfa-259	178	4	institutional	institutional	ADJ
cjfa-259	178	5	environment	environment	NOUN
cjfa-259	178	6	is	be	AUX
cjfa-259	178	7	supported	support	VERB
cjfa-259	178	8	by	by	ADP
cjfa-259	178	9	implementation	implementation	NOUN
cjfa-259	178	10	of	of	ADP
cjfa-259	178	11	eu	eu	PROPN
cjfa-259	178	12	standards	standard	NOUN
cjfa-259	178	13	.	.	PUNCT
cjfa-259	179	1	hence	hence	ADV
cjfa-259	179	2	,	,	PUNCT
cjfa-259	179	3	the	the	DET
cjfa-259	179	4	economic	economic	ADJ
cjfa-259	179	5	resilience	resilience	NOUN
cjfa-259	179	6	is	be	AUX
cjfa-259	179	7	judged	judge	VERB
cjfa-259	179	8	high	high	ADJ
cjfa-259	179	9	.	.	PUNCT
cjfa-259	180	1	strong	strong	ADJ
cjfa-259	180	2	demand	demand	NOUN
cjfa-259	180	3	for	for	ADP
cjfa-259	180	4	polish	polish	ADJ
cjfa-259	180	5	debt	debt	NOUN
cjfa-259	180	6	and	and	CCONJ
cjfa-259	180	7	credible	credible	ADJ
cjfa-259	180	8	liability	liability	NOUN
cjfa-259	180	9	management	management	NOUN
cjfa-259	180	10	pushed	push	VERB
cjfa-259	180	11	the	the	DET
cjfa-259	180	12	funding	funding	NOUN
cjfa-259	180	13	cost	cost	VERB
cjfa-259	180	14	down	down	ADP
cjfa-259	180	15	increasing	increase	VERB
cjfa-259	180	16	debt	debt	NOUN
cjfa-259	180	17	affordability	affordability	NOUN
cjfa-259	180	18	.	.	PUNCT
cjfa-259	181	1	poland	poland	PROPN
cjfa-259	181	2	’s	’s	PART
cjfa-259	181	3	external	external	ADJ
cjfa-259	181	4	finances	finance	NOUN
cjfa-259	181	5	are	be	AUX
cjfa-259	181	6	still	still	ADV
cjfa-259	181	7	weaker	weak	ADJ
cjfa-259	181	8	in	in	ADP
cjfa-259	181	9	comparison	comparison	NOUN
cjfa-259	181	10	to	to	ADP
cjfa-259	181	11	other	other	ADJ
cjfa-259	181	12	‘	'	PUNCT
cjfa-259	181	13	a	a	DET
cjfa-259	181	14	’	'	PUNCT
cjfa-259	181	15	peers	peer	NOUN
cjfa-259	181	16	,	,	PUNCT
cjfa-259	181	17	and	and	CCONJ
cjfa-259	181	18	would	would	AUX
cjfa-259	181	19	benefit	benefit	VERB
cjfa-259	181	20	from	from	ADP
cjfa-259	181	21	reduction	reduction	NOUN
cjfa-259	181	22	in	in	ADP
cjfa-259	181	23	external	external	ADJ
cjfa-259	181	24	deficit	deficit	NOUN
cjfa-259	181	25	.	.	PUNCT
cjfa-259	182	1	whilst	whilst	SCONJ
cjfa-259	182	2	political	political	ADJ
cjfa-259	182	3	factors	factor	NOUN
cjfa-259	182	4	in	in	ADP
cjfa-259	182	5	the	the	DET
cjfa-259	182	6	event	event	NOUN
cjfa-259	182	7	risk	risk	NOUN
cjfa-259	182	8	are	be	AUX
cjfa-259	182	9	judged	judge	VERB
cjfa-259	182	10	low	low	ADJ
cjfa-259	182	11	,	,	PUNCT
cjfa-259	182	12	economic	economic	ADJ
cjfa-259	182	13	and	and	CCONJ
cjfa-259	182	14	financial	financial	ADJ
cjfa-259	182	15	ones	one	NOUN
cjfa-259	182	16	still	still	ADV
cjfa-259	182	17	represent	represent	VERB
cjfa-259	182	18	moderate	moderate	ADJ
cjfa-259	182	19	threat	threat	NOUN
cjfa-259	182	20	to	to	ADP
cjfa-259	182	21	poland	poland	PROPN
cjfa-259	182	22	’s	’s	PART
cjfa-259	182	23	creditworthiness	creditworthiness	NOUN
cjfa-259	182	24	.	.	PUNCT
cjfa-259	183	1	the	the	DET
cjfa-259	183	2	ability	ability	NOUN
cjfa-259	183	3	to	to	PART
cjfa-259	183	4	withstand	withstand	VERB
cjfa-259	183	5	external	external	ADJ
cjfa-259	183	6	shock	shock	NOUN
cjfa-259	183	7	is	be	AUX
cjfa-259	183	8	hampered	hamper	VERB
cjfa-259	183	9	by	by	ADP
cjfa-259	183	10	relatively	relatively	ADV
cjfa-259	183	11	low	low	ADJ
cjfa-259	183	12	foreign	foreign	ADJ
cjfa-259	183	13	-	-	PUNCT
cjfa-259	183	14	exchange	exchange	NOUN
cjfa-259	183	15	reserves	reserve	NOUN
cjfa-259	183	16	in	in	ADP
cjfa-259	183	17	relation	relation	NOUN
cjfa-259	183	18	to	to	ADP
cjfa-259	183	19	debt	debt	NOUN
cjfa-259	183	20	maturing	mature	VERB
cjfa-259	183	21	in	in	ADP
cjfa-259	183	22	one	one	NUM
cjfa-259	183	23	year	year	NOUN
cjfa-259	183	24	.	.	PUNCT
cjfa-259	184	1	mitigating	mitigate	VERB
cjfa-259	184	2	factor	factor	NOUN
cjfa-259	184	3	is	be	AUX
cjfa-259	184	4	provided	provide	VERB
cjfa-259	184	5	by	by	ADP
cjfa-259	184	6	flexible	flexible	ADJ
cjfa-259	184	7	credit	credit	NOUN
cjfa-259	184	8	line	line	NOUN
cjfa-259	184	9	of	of	ADP
cjfa-259	184	10	usd	usd	NOUN
cjfa-259	184	11	33.8bn	33.8bn	NOUN
cjfa-259	184	12	from	from	ADP
cjfa-259	184	13	the	the	DET
cjfa-259	184	14	imf	imf	PROPN
cjfa-259	184	15	.	.	PUNCT
cjfa-259	185	1	as	as	ADV
cjfa-259	185	2	far	far	ADV
cjfa-259	185	3	as	as	SCONJ
cjfa-259	185	4	the	the	DET
cjfa-259	185	5	financial	financial	ADJ
cjfa-259	185	6	factors	factor	NOUN
cjfa-259	185	7	are	be	AUX
cjfa-259	185	8	considered	consider	VERB
cjfa-259	185	9	by	by	ADP
cjfa-259	185	10	moody	moody	PROPN
cjfa-259	185	11	’s	’s	PART
cjfa-259	185	12	,	,	PUNCT
cjfa-259	185	13	foreign	foreign	ADJ
cjfa-259	185	14	currency	currency	NOUN
cjfa-259	185	15	loans	loan	NOUN
cjfa-259	185	16	in	in	ADP
cjfa-259	185	17	the	the	DET
cjfa-259	185	18	banking	banking	NOUN
cjfa-259	185	19	sector	sector	NOUN
cjfa-259	185	20	pose	pose	VERB
cjfa-259	185	21	constraint	constraint	NOUN
cjfa-259	185	22	on	on	ADP
cjfa-259	185	23	rating	rating	NOUN
cjfa-259	185	24	.	.	PUNCT
cjfa-259	186	1	nevertheless	nevertheless	ADV
cjfa-259	186	2	,	,	PUNCT
cjfa-259	186	3	outlook	outlook	NOUN
cjfa-259	186	4	for	for	ADP
cjfa-259	186	5	poland	poland	PROPN
cjfa-259	186	6	’s	’s	PART
cjfa-259	186	7	rating	rating	NOUN
cjfa-259	186	8	has	have	AUX
cjfa-259	186	9	recently	recently	ADV
cjfa-259	186	10	been	be	AUX
cjfa-259	186	11	confirmed	confirm	VERB
cjfa-259	186	12	as	as	ADP
cjfa-259	186	13	stable	stable	ADJ
cjfa-259	186	14	.	.	PUNCT
cjfa-259	187	1	6	6	X
cjfa-259	187	2	.	.	X
cjfa-259	187	3	loans	loan	NOUN
cjfa-259	187	4	from	from	ADP
cjfa-259	187	5	ifis	ifis	NOUN
cjfa-259	187	6	raising	raise	VERB
cjfa-259	187	7	funds	fund	NOUN
cjfa-259	187	8	through	through	ADP
cjfa-259	187	9	non	non	ADJ
cjfa-259	187	10	-	-	ADJ
cjfa-259	187	11	marketable	marketable	ADJ
cjfa-259	187	12	credit	credit	NOUN
cjfa-259	187	13	instruments	instrument	NOUN
cjfa-259	187	14	involves	involve	VERB
cjfa-259	187	15	liaising	liaise	VERB
cjfa-259	187	16	with	with	ADP
cjfa-259	187	17	ifis	ifis	PROPN
cjfa-259	187	18	.	.	PUNCT
cjfa-259	188	1	their	their	PRON
cjfa-259	188	2	due	due	ADJ
cjfa-259	188	3	diligence	diligence	NOUN
cjfa-259	188	4	process	process	NOUN
cjfa-259	188	5	goes	go	VERB
cjfa-259	188	6	beyond	beyond	ADP
cjfa-259	188	7	credit	credit	NOUN
cjfa-259	188	8	rating	rating	NOUN
cjfa-259	188	9	methodologies	methodology	NOUN
cjfa-259	188	10	as	as	ADP
cjfa-259	188	11	often	often	ADV
cjfa-259	188	12	they	they	PRON
cjfa-259	188	13	do	do	AUX
cjfa-259	188	14	not	not	PART
cjfa-259	188	15	have	have	VERB
cjfa-259	188	16	a	a	DET
cjfa-259	188	17	mandate	mandate	NOUN
cjfa-259	188	18	to	to	PART
cjfa-259	188	19	finance	finance	VERB
cjfa-259	188	20	sovereigns	sovereign	NOUN
cjfa-259	188	21	’	'	PUNCT
cjfa-259	188	22	budgetary	budgetary	ADJ
cjfa-259	188	23	operational	operational	ADJ
cjfa-259	188	24	expenditures	expenditure	NOUN
cjfa-259	188	25	and	and	CCONJ
cjfa-259	188	26	can	can	AUX
cjfa-259	188	27	only	only	ADV
cjfa-259	188	28	provide	provide	VERB
cjfa-259	188	29	a	a	DET
cjfa-259	188	30	project	project	NOUN
cjfa-259	188	31	-	-	PUNCT
cjfa-259	188	32	linked	link	VERB
cjfa-259	188	33	financing	financing	NOUN
cjfa-259	188	34	.	.	PUNCT
cjfa-259	189	1	apart	apart	ADV
cjfa-259	189	2	from	from	ADP
cjfa-259	189	3	the	the	DET
cjfa-259	189	4	credit	credit	NOUN
cjfa-259	189	5	rating	rating	NOUN
cjfa-259	189	6	of	of	ADP
cjfa-259	189	7	the	the	DET
cjfa-259	189	8	borrower	borrower	NOUN
cjfa-259	189	9	,	,	PUNCT
cjfa-259	189	10	in	in	ADP
cjfa-259	189	11	project	project	NOUN
cjfa-259	189	12	-	-	PUNCT
cjfa-259	189	13	linked	link	VERB
cjfa-259	189	14	financing	financing	NOUN
cjfa-259	189	15	,	,	PUNCT
cjfa-259	189	16	ifis	ifis	PROPN
cjfa-259	189	17	will	will	AUX
cjfa-259	189	18	also	also	ADV
cjfa-259	189	19	focus	focus	VERB
cjfa-259	189	20	their	their	PRON
cjfa-259	189	21	due	due	ADJ
cjfa-259	189	22	diligence	diligence	NOUN
cjfa-259	189	23	on	on	ADP
cjfa-259	189	24	the	the	DET
cjfa-259	189	25	soundness	soundness	NOUN
cjfa-259	189	26	of	of	ADP
cjfa-259	189	27	the	the	DET
cjfa-259	189	28	project	project	NOUN
cjfa-259	189	29	itself	itself	PRON
cjfa-259	189	30	.	.	PUNCT
cjfa-259	190	1	the	the	DET
cjfa-259	190	2	appraisal	appraisal	NOUN
cjfa-259	190	3	will	will	AUX
cjfa-259	190	4	entail	entail	VERB
cjfa-259	190	5	sectorial	sectorial	ADJ
cjfa-259	190	6	characteristics	characteristic	NOUN
cjfa-259	190	7	of	of	ADP
cjfa-259	190	8	the	the	DET
cjfa-259	190	9	project	project	NOUN
cjfa-259	190	10	and	and	CCONJ
cjfa-259	190	11	its	its	PRON
cjfa-259	190	12	technical	technical	ADJ
cjfa-259	190	13	,	,	PUNCT
cjfa-259	190	14	financial	financial	ADJ
cjfa-259	190	15	and	and	CCONJ
cjfa-259	190	16	economic	economic	ADJ
cjfa-259	190	17	feasibility	feasibility	NOUN
cjfa-259	190	18	.	.	PUNCT
cjfa-259	191	1	the	the	DET
cjfa-259	191	2	project	project	NOUN
cjfa-259	191	3	features	feature	VERB
cjfa-259	191	4	that	that	PRON
cjfa-259	191	5	are	be	AUX
cjfa-259	191	6	subject	subject	ADJ
cjfa-259	191	7	to	to	ADP
cjfa-259	191	8	due	due	ADJ
cjfa-259	191	9	diligence	diligence	NOUN
cjfa-259	191	10	will	will	AUX
cjfa-259	191	11	be	be	AUX
cjfa-259	191	12	different	different	ADJ
cjfa-259	191	13	for	for	ADP
cjfa-259	191	14	a	a	DET
cjfa-259	191	15	wastewater	wastewater	NOUN
cjfa-259	191	16	treatment	treatment	NOUN
cjfa-259	191	17	plant	plant	NOUN
cjfa-259	191	18	as	as	SCONJ
cjfa-259	191	19	they	they	PRON
cjfa-259	191	20	are	be	AUX
cjfa-259	191	21	for	for	ADP
cjfa-259	191	22	motorways	motorway	NOUN
cjfa-259	191	23	,	,	PUNCT
cjfa-259	191	24	but	but	CCONJ
cjfa-259	191	25	in	in	ADP
cjfa-259	191	26	essence	essence	NOUN
cjfa-259	191	27	the	the	DET
cjfa-259	191	28	ifis	ifis	NOUN
cjfa-259	191	29	will	will	AUX
cjfa-259	191	30	try	try	VERB
cjfa-259	191	31	to	to	PART
cjfa-259	191	32	confirm	confirm	VERB
cjfa-259	191	33	the	the	DET
cjfa-259	191	34	‘	'	PUNCT
cjfa-259	191	35	business	business	NOUN
cjfa-259	191	36	case	case	NOUN
cjfa-259	191	37	’	'	PUNCT
cjfa-259	191	38	for	for	ADP
cjfa-259	191	39	the	the	DET
cjfa-259	191	40	project	project	NOUN
cjfa-259	191	41	i.e.	i.e.	X
cjfa-259	191	42	appropriate	appropriate	ADJ
cjfa-259	191	43	market	market	NOUN
cjfa-259	191	44	demand	demand	NOUN
cjfa-259	191	45	from	from	ADP
cjfa-259	191	46	the	the	DET
cjfa-259	191	47	project	project	NOUN
cjfa-259	191	48	’s	’s	PART
cjfa-259	191	49	output	output	NOUN
cjfa-259	191	50	,	,	PUNCT
cjfa-259	191	51	tariff	tariff	NOUN
cjfa-259	191	52	policy	policy	NOUN
cjfa-259	191	53	,	,	PUNCT
cjfa-259	191	54	and	and	CCONJ
cjfa-259	191	55	conduct	conduct	VERB
cjfa-259	191	56	a	a	DET
cjfa-259	191	57	cost	cost	NOUN
cjfa-259	191	58	benefit	benefit	NOUN
cjfa-259	191	59	analysis	analysis	NOUN
cjfa-259	191	60	in	in	ADP
cjfa-259	191	61	order	order	NOUN
cjfa-259	191	62	to	to	PART
cjfa-259	191	63	justify	justify	VERB
cjfa-259	191	64	the	the	DET
cjfa-259	191	65	soundness	soundness	NOUN
cjfa-259	191	66	of	of	ADP
cjfa-259	191	67	the	the	DET
cjfa-259	191	68	project	project	NOUN
cjfa-259	191	69	with	with	ADP
cjfa-259	191	70	a	a	DET
cjfa-259	191	71	generally	generally	ADV
cjfa-259	191	72	accepted	accept	VERB
cjfa-259	191	73	economic	economic	ADJ
cjfa-259	191	74	rate	rate	NOUN
cjfa-259	191	75	of	of	ADP
cjfa-259	191	76	return	return	NOUN
cjfa-259	191	77	or	or	CCONJ
cjfa-259	191	78	multi	multi	ADJ
cjfa-259	191	79	criteria	criterion	NOUN
cjfa-259	191	80	analysis	analysis	NOUN
cjfa-259	191	81	.	.	PUNCT
cjfa-259	192	1	another	another	DET
cjfa-259	192	2	important	important	ADJ
cjfa-259	192	3	aspect	aspect	NOUN
cjfa-259	192	4	of	of	ADP
cjfa-259	192	5	a	a	DET
cjfa-259	192	6	project	project	NOUN
cjfa-259	192	7	due	due	ADJ
cjfa-259	192	8	diligence	diligence	NOUN
cjfa-259	192	9	will	will	AUX
cjfa-259	192	10	focus	focus	VERB
cjfa-259	192	11	on	on	ADP
cjfa-259	192	12	the	the	DET
cjfa-259	192	13	institutional	institutional	ADJ
cjfa-259	192	14	capacity	capacity	NOUN
cjfa-259	192	15	of	of	ADP
cjfa-259	192	16	a	a	DET
cjfa-259	192	17	project	project	NOUN
cjfa-259	192	18	sponsor	sponsor	NOUN
cjfa-259	192	19	/	/	SYM
cjfa-259	192	20	promoter	promoter	NOUN
cjfa-259	192	21	and	and	CCONJ
cjfa-259	192	22	the	the	DET
cjfa-259	192	23	procurement	procurement	NOUN
cjfa-259	192	24	procedures	procedure	NOUN
cjfa-259	192	25	applied	apply	VERB
cjfa-259	192	26	.	.	PUNCT
cjfa-259	193	1	this	this	PRON
cjfa-259	193	2	is	be	AUX
cjfa-259	193	3	to	to	PART
cjfa-259	193	4	ensure	ensure	VERB
cjfa-259	193	5	that	that	SCONJ
cjfa-259	193	6	the	the	DET
cjfa-259	193	7	project	project	NOUN
cjfa-259	193	8	will	will	AUX
cjfa-259	193	9	be	be	AUX
cjfa-259	193	10	delivered	deliver	VERB
cjfa-259	193	11	in	in	ADP
cjfa-259	193	12	a	a	DET
cjfa-259	193	13	cost	cost	NOUN
cjfa-259	193	14	-	-	PUNCT
cjfa-259	193	15	effective	effective	ADJ
cjfa-259	193	16	way	way	NOUN
cjfa-259	193	17	.	.	PUNCT
cjfa-259	194	1	with	with	ADP
cjfa-259	194	2	a	a	DET
cjfa-259	194	3	growing	grow	VERB
cjfa-259	194	4	impact	impact	NOUN
cjfa-259	194	5	of	of	ADP
cjfa-259	194	6	voluntary	voluntary	ADJ
cjfa-259	194	7	corporate	corporate	ADJ
cjfa-259	194	8	responsibility	responsibility	NOUN
cjfa-259	194	9	initiatives	initiative	NOUN
cjfa-259	194	10	,	,	PUNCT
cjfa-259	194	11	increasing	increase	VERB
cjfa-259	194	12	ngos	ngo	NOUN
cjfa-259	194	13	and	and	CCONJ
cjfa-259	194	14	other	other	ADJ
cjfa-259	194	15	stakeholder	stakeholder	NOUN
cjfa-259	194	16	involvement	involvement	NOUN
cjfa-259	194	17	,	,	PUNCT
cjfa-259	194	18	also	also	ADV
cjfa-259	194	19	in	in	ADP
cjfa-259	194	20	the	the	DET
cjfa-259	194	21	financial	financial	ADJ
cjfa-259	194	22	sector	sector	NOUN
cjfa-259	194	23	sebastian	sebastian	PROPN
cjfa-259	194	24	hyżyk	hyżyk	PROPN
cjfa-259	194	25	or	or	CCONJ
cjfa-259	194	26	78	78	NUM
cjfa-259	194	27	(	(	PUNCT
cjfa-259	194	28	e.g.	e.g.	ADV
cjfa-259	194	29	the	the	DET
cjfa-259	194	30	equator	equator	NOUN
cjfa-259	194	31	principles	principle	NOUN
cjfa-259	194	32	2006	2006	NUM
cjfa-259	194	33	)	)	PUNCT
cjfa-259	194	34	,	,	PUNCT
cjfa-259	194	35	the	the	DET
cjfa-259	194	36	lenders	lender	NOUN
cjfa-259	194	37	,	,	PUNCT
cjfa-259	194	38	including	include	VERB
cjfa-259	194	39	ifis	ifis	PROPN
cjfa-259	194	40	,	,	PUNCT
cjfa-259	194	41	have	have	AUX
cjfa-259	194	42	become	become	VERB
cjfa-259	194	43	increasingly	increasingly	ADV
cjfa-259	194	44	sensitive	sensitive	ADJ
cjfa-259	194	45	to	to	ADP
cjfa-259	194	46	non	non	ADJ
cjfa-259	194	47	-	-	ADJ
cjfa-259	194	48	financial	financial	ADJ
cjfa-259	194	49	aspects	aspect	NOUN
cjfa-259	194	50	of	of	ADP
cjfa-259	194	51	the	the	DET
cjfa-259	194	52	credit	credit	NOUN
cjfa-259	194	53	operations	operation	NOUN
cjfa-259	194	54	.	.	PUNCT
cjfa-259	195	1	these	these	DET
cjfa-259	195	2	aspects	aspect	NOUN
cjfa-259	195	3	often	often	ADV
cjfa-259	195	4	concern	concern	VERB
cjfa-259	195	5	the	the	DET
cjfa-259	195	6	domains	domain	NOUN
cjfa-259	195	7	,	,	PUNCT
cjfa-259	195	8	where	where	SCONJ
cjfa-259	195	9	states	state	NOUN
cjfa-259	195	10	‘	'	PUNCT
cjfa-259	195	11	surrender	surrender	NOUN
cjfa-259	195	12	’	'	PUNCT
cjfa-259	195	13	their	their	PRON
cjfa-259	195	14	sovereignty	sovereignty	NOUN
cjfa-259	195	15	to	to	ADP
cjfa-259	195	16	the	the	DET
cjfa-259	195	17	regulation	regulation	NOUN
cjfa-259	195	18	of	of	ADP
cjfa-259	195	19	international	international	ADJ
cjfa-259	195	20	law	law	NOUN
cjfa-259	195	21	,	,	PUNCT
cjfa-259	195	22	particularly	particularly	ADV
cjfa-259	195	23	in	in	ADP
cjfa-259	195	24	the	the	DET
cjfa-259	195	25	sphere	sphere	NOUN
cjfa-259	195	26	of	of	ADP
cjfa-259	195	27	human	human	ADJ
cjfa-259	195	28	rights	right	NOUN
cjfa-259	195	29	and	and	CCONJ
cjfa-259	195	30	environment	environment	NOUN
cjfa-259	195	31	.	.	PUNCT
cjfa-259	196	1	therefore	therefore	ADV
cjfa-259	196	2	,	,	PUNCT
cjfa-259	196	3	the	the	DET
cjfa-259	196	4	credit	credit	NOUN
cjfa-259	196	5	decision	decision	NOUN
cjfa-259	196	6	of	of	ADP
cjfa-259	196	7	ifis	ifis	NOUN
cjfa-259	196	8	is	be	AUX
cjfa-259	196	9	preceded	precede	VERB
cjfa-259	196	10	by	by	ADP
cjfa-259	196	11	an	an	DET
cjfa-259	196	12	appropriate	appropriate	ADJ
cjfa-259	196	13	environmental	environmental	ADJ
cjfa-259	196	14	and	and	CCONJ
cjfa-259	196	15	social	social	ADJ
cjfa-259	196	16	assessment	assessment	NOUN
cjfa-259	196	17	.	.	PUNCT
cjfa-259	197	1	such	such	DET
cjfa-259	197	2	an	an	DET
cjfa-259	197	3	assessment	assessment	NOUN
cjfa-259	197	4	would	would	AUX
cjfa-259	197	5	typically	typically	ADV
cjfa-259	197	6	analyse	analyse	VERB
cjfa-259	197	7	the	the	DET
cjfa-259	197	8	sovereign	sovereign	NOUN
cjfa-259	197	9	’s	’s	PART
cjfa-259	197	10	policies	policy	NOUN
cjfa-259	197	11	and	and	CCONJ
cjfa-259	197	12	standards	standard	NOUN
cjfa-259	197	13	in	in	ADP
cjfa-259	197	14	relation	relation	NOUN
cjfa-259	197	15	to	to	ADP
cjfa-259	197	16	labour	labour	NOUN
cjfa-259	197	17	and	and	CCONJ
cjfa-259	197	18	working	working	NOUN
cjfa-259	197	19	conditions	condition	NOUN
cjfa-259	197	20	(	(	PUNCT
cjfa-259	197	21	e.g.	e.g.	ADV
cjfa-259	197	22	benchmarking	benchmarke	VERB
cjfa-259	197	23	with	with	ADP
cjfa-259	197	24	the	the	DET
cjfa-259	197	25	international	international	ADJ
cjfa-259	197	26	labour	labour	PROPN
cjfa-259	197	27	organisation	organisation	NOUN
cjfa-259	197	28	core	core	NOUN
cjfa-259	197	29	labour	labour	NOUN
cjfa-259	197	30	standards	standard	NOUN
cjfa-259	197	31	)	)	PUNCT
cjfa-259	197	32	,	,	PUNCT
cjfa-259	197	33	environmental	environmental	ADJ
cjfa-259	197	34	protection	protection	NOUN
cjfa-259	197	35	and	and	CCONJ
cjfa-259	197	36	biodiversity	biodiversity	NOUN
cjfa-259	197	37	conservation	conservation	NOUN
cjfa-259	197	38	,	,	PUNCT
cjfa-259	197	39	resource	resource	NOUN
cjfa-259	197	40	efficiency	efficiency	NOUN
cjfa-259	197	41	,	,	PUNCT
cjfa-259	197	42	pollution	pollution	NOUN
cjfa-259	197	43	prevention	prevention	NOUN
cjfa-259	197	44	,	,	PUNCT
cjfa-259	197	45	access	access	NOUN
cjfa-259	197	46	to	to	ADP
cjfa-259	197	47	information	information	NOUN
cjfa-259	197	48	on	on	ADP
cjfa-259	197	49	environmental	environmental	ADJ
cjfa-259	197	50	matters	matter	NOUN
cjfa-259	197	51	(	(	PUNCT
cjfa-259	197	52	aarhus	aarhus	PROPN
cjfa-259	197	53	convention	convention	PROPN
cjfa-259	197	54	)	)	PUNCT
cjfa-259	197	55	,	,	PUNCT
cjfa-259	197	56	land	land	NOUN
cjfa-259	197	57	acquisition	acquisition	NOUN
cjfa-259	197	58	and	and	CCONJ
cjfa-259	197	59	involuntary	involuntary	ADJ
cjfa-259	197	60	resettlement	resettlement	NOUN
cjfa-259	197	61	,	,	PUNCT
cjfa-259	197	62	indigenous	indigenous	ADJ
cjfa-259	197	63	people	people	NOUN
cjfa-259	197	64	,	,	PUNCT
cjfa-259	197	65	protection	protection	NOUN
cjfa-259	197	66	of	of	ADP
cjfa-259	197	67	human	human	ADJ
cjfa-259	197	68	rights	right	NOUN
cjfa-259	197	69	and	and	CCONJ
cjfa-259	197	70	community	community	NOUN
cjfa-259	197	71	health	health	NOUN
cjfa-259	197	72	,	,	PUNCT
cjfa-259	197	73	safety	safety	NOUN
cjfa-259	197	74	and	and	CCONJ
cjfa-259	197	75	security	security	NOUN
cjfa-259	197	76	,	,	PUNCT
cjfa-259	197	77	status	status	NOUN
cjfa-259	197	78	of	of	ADP
cjfa-259	197	79	minorities	minority	NOUN
cjfa-259	197	80	,	,	PUNCT
cjfa-259	197	81	and	and	CCONJ
cjfa-259	197	82	protection	protection	NOUN
cjfa-259	197	83	of	of	ADP
cjfa-259	197	84	cultural	cultural	ADJ
cjfa-259	197	85	heritage	heritage	NOUN
cjfa-259	197	86	.	.	PUNCT
cjfa-259	197	87	 	 	SPACE
cjfa-259	197	88	conclusions	conclusion	VERB
cjfa-259	197	89	the	the	DET
cjfa-259	197	90	concept	concept	NOUN
cjfa-259	197	91	of	of	ADP
cjfa-259	197	92	sovereignty	sovereignty	NOUN
cjfa-259	197	93	introduces	introduce	VERB
cjfa-259	197	94	many	many	ADJ
cjfa-259	197	95	variables	variable	NOUN
cjfa-259	197	96	to	to	ADP
cjfa-259	197	97	the	the	DET
cjfa-259	197	98	due	due	ADJ
cjfa-259	197	99	diligence	diligence	NOUN
cjfa-259	197	100	analysis	analysis	NOUN
cjfa-259	197	101	and	and	CCONJ
cjfa-259	197	102	in	in	ADP
cjfa-259	197	103	particular	particular	ADJ
cjfa-259	197	104	to	to	ADP
cjfa-259	197	105	credit	credit	NOUN
cjfa-259	197	106	risk	risk	NOUN
cjfa-259	197	107	analysis	analysis	NOUN
cjfa-259	197	108	.	.	PUNCT
cjfa-259	198	1	the	the	DET
cjfa-259	198	2	multidimensional	multidimensional	ADJ
cjfa-259	198	3	character	character	NOUN
cjfa-259	198	4	of	of	ADP
cjfa-259	198	5	a	a	DET
cjfa-259	198	6	sovereign	sovereign	NOUN
cjfa-259	198	7	and	and	CCONJ
cjfa-259	198	8	its	its	PRON
cjfa-259	198	9	complex	complex	ADJ
cjfa-259	198	10	decision	decision	NOUN
cjfa-259	198	11	-	-	PUNCT
cjfa-259	198	12	making	make	VERB
cjfa-259	198	13	process	process	NOUN
cjfa-259	198	14	require	require	VERB
cjfa-259	198	15	special	special	ADJ
cjfa-259	198	16	attention	attention	NOUN
cjfa-259	198	17	from	from	ADP
cjfa-259	198	18	the	the	DET
cjfa-259	198	19	creditors	creditor	NOUN
cjfa-259	198	20	and	and	CCONJ
cjfa-259	198	21	pose	pose	VERB
cjfa-259	198	22	a	a	DET
cjfa-259	198	23	challenge	challenge	NOUN
cjfa-259	198	24	in	in	ADP
cjfa-259	198	25	the	the	DET
cjfa-259	198	26	assessment	assessment	NOUN
cjfa-259	198	27	of	of	ADP
cjfa-259	198	28	the	the	DET
cjfa-259	198	29	probability	probability	NOUN
cjfa-259	198	30	of	of	ADP
cjfa-259	198	31	default	default	NOUN
cjfa-259	198	32	.	.	PUNCT
cjfa-259	199	1	therefore	therefore	ADV
cjfa-259	199	2	,	,	PUNCT
cjfa-259	199	3	the	the	DET
cjfa-259	199	4	prevailing	prevail	VERB
cjfa-259	199	5	methodologies	methodology	NOUN
cjfa-259	199	6	stress	stress	VERB
cjfa-259	199	7	the	the	DET
cjfa-259	199	8	fact	fact	NOUN
cjfa-259	199	9	that	that	SCONJ
cjfa-259	199	10	both	both	CCONJ
cjfa-259	199	11	quantitative	quantitative	ADJ
cjfa-259	199	12	and	and	CCONJ
cjfa-259	199	13	qualitative	qualitative	ADJ
cjfa-259	199	14	elements	element	NOUN
cjfa-259	199	15	need	need	VERB
cjfa-259	199	16	to	to	PART
cjfa-259	199	17	be	be	AUX
cjfa-259	199	18	taken	take	VERB
cjfa-259	199	19	into	into	ADP
cjfa-259	199	20	consideration	consideration	NOUN
cjfa-259	199	21	.	.	PUNCT
cjfa-259	200	1	debt	debt	NOUN
cjfa-259	200	2	affordability	affordability	NOUN
cjfa-259	200	3	,	,	PUNCT
cjfa-259	200	4	referring	refer	VERB
cjfa-259	200	5	to	to	ADP
cjfa-259	200	6	debt	debt	NOUN
cjfa-259	200	7	size	size	NOUN
cjfa-259	200	8	and	and	CCONJ
cjfa-259	200	9	financial	financial	ADJ
cjfa-259	200	10	ability	ability	NOUN
cjfa-259	200	11	to	to	PART
cjfa-259	200	12	repay	repay	VERB
cjfa-259	200	13	it	it	PRON
cjfa-259	200	14	,	,	PUNCT
cjfa-259	200	15	remains	remain	VERB
cjfa-259	200	16	an	an	DET
cjfa-259	200	17	important	important	ADJ
cjfa-259	200	18	factor	factor	NOUN
cjfa-259	200	19	in	in	ADP
cjfa-259	200	20	a	a	DET
cjfa-259	200	21	quantitative	quantitative	ADJ
cjfa-259	200	22	analysis	analysis	NOUN
cjfa-259	200	23	,	,	PUNCT
cjfa-259	200	24	but	but	CCONJ
cjfa-259	200	25	not	not	PART
cjfa-259	200	26	a	a	DET
cjfa-259	200	27	decisive	decisive	ADJ
cjfa-259	200	28	one	one	NUM
cjfa-259	200	29	.	.	PUNCT
cjfa-259	201	1	qualitative	qualitative	ADJ
cjfa-259	201	2	elements	element	NOUN
cjfa-259	201	3	such	such	ADJ
cjfa-259	201	4	as	as	ADP
cjfa-259	201	5	the	the	DET
cjfa-259	201	6	assessment	assessment	NOUN
cjfa-259	201	7	of	of	ADP
cjfa-259	201	8	the	the	DET
cjfa-259	201	9	institutional	institutional	ADJ
cjfa-259	201	10	capacity	capacity	NOUN
cjfa-259	201	11	become	become	VERB
cjfa-259	201	12	essential	essential	ADJ
cjfa-259	201	13	,	,	PUNCT
cjfa-259	201	14	since	since	SCONJ
cjfa-259	201	15	in	in	ADP
cjfa-259	201	16	the	the	DET
cjfa-259	201	17	case	case	NOUN
cjfa-259	201	18	of	of	ADP
cjfa-259	201	19	the	the	DET
cjfa-259	201	20	sovereigns	sovereign	NOUN
cjfa-259	201	21	,	,	PUNCT
cjfa-259	201	22	the	the	DET
cjfa-259	201	23	ability	ability	NOUN
cjfa-259	201	24	to	to	PART
cjfa-259	201	25	repay	repay	VERB
cjfa-259	201	26	does	do	AUX
cjfa-259	201	27	not	not	PART
cjfa-259	201	28	necessarily	necessarily	ADV
cjfa-259	201	29	imply	imply	VERB
cjfa-259	201	30	the	the	DET
cjfa-259	201	31	willingness	willingness	NOUN
cjfa-259	201	32	to	to	PART
cjfa-259	201	33	repay	repay	VERB
cjfa-259	201	34	.	.	PUNCT
cjfa-259	202	1	due	due	ADJ
cjfa-259	202	2	diligence	diligence	NOUN
cjfa-259	202	3	of	of	ADP
cjfa-259	202	4	ifis	ifis	NOUN
cjfa-259	202	5	goes	go	VERB
cjfa-259	202	6	beyond	beyond	ADP
cjfa-259	202	7	traditional	traditional	ADJ
cjfa-259	202	8	credit	credit	NOUN
cjfa-259	202	9	risk	risk	NOUN
cjfa-259	202	10	assessment	assessment	NOUN
cjfa-259	202	11	in	in	ADP
cjfa-259	202	12	the	the	DET
cjfa-259	202	13	domains	domain	NOUN
cjfa-259	202	14	,	,	PUNCT
cjfa-259	202	15	where	where	SCONJ
cjfa-259	202	16	states	state	NOUN
cjfa-259	202	17	‘	'	PUNCT
cjfa-259	202	18	surrender	surrender	NOUN
cjfa-259	202	19	’	'	PUNCT
cjfa-259	202	20	their	their	PRON
cjfa-259	202	21	sovereignty	sovereignty	NOUN
cjfa-259	202	22	to	to	ADP
cjfa-259	202	23	the	the	DET
cjfa-259	202	24	regulation	regulation	NOUN
cjfa-259	202	25	of	of	ADP
cjfa-259	202	26	international	international	ADJ
cjfa-259	202	27	law	law	NOUN
cjfa-259	202	28	,	,	PUNCT
cjfa-259	202	29	particularly	particularly	ADV
cjfa-259	202	30	in	in	ADP
cjfa-259	202	31	the	the	DET
cjfa-259	202	32	sphere	sphere	NOUN
cjfa-259	202	33	of	of	ADP
cjfa-259	202	34	human	human	ADJ
cjfa-259	202	35	rights	right	NOUN
cjfa-259	202	36	and	and	CCONJ
cjfa-259	202	37	environment	environment	NOUN
cjfa-259	202	38	.	.	PUNCT
cjfa-259	202	39	 	 	SPACE
cjfa-259	203	1	bibliography	bibliography	PROPN
cjfa-259	203	2	basel	basel	PROPN
cjfa-259	203	3	committee	committee	PROPN
cjfa-259	203	4	on	on	ADP
cjfa-259	203	5	banking	banking	NOUN
cjfa-259	203	6	supervision	supervision	NOUN
cjfa-259	203	7	(	(	PUNCT
cjfa-259	203	8	2004	2004	NUM
cjfa-259	203	9	)	)	PUNCT
cjfa-259	203	10	,	,	PUNCT
cjfa-259	203	11	international	international	ADJ
cjfa-259	203	12	convergence	convergence	NOUN
cjfa-259	203	13	of	of	ADP
cjfa-259	203	14	capital	capital	NOUN
cjfa-259	203	15	measurement	measurement	NOUN
cjfa-259	203	16	and	and	CCONJ
cjfa-259	203	17	capital	capital	NOUN
cjfa-259	203	18	standards	standard	NOUN
cjfa-259	203	19	.	.	PUNCT
cjfa-259	204	1	a	a	DET
cjfa-259	204	2	revised	revise	VERB
cjfa-259	204	3	framework	framework	NOUN
cjfa-259	204	4	,	,	PUNCT
cjfa-259	204	5	bis	bis	PROPN
cjfa-259	204	6	,	,	PUNCT
cjfa-259	204	7	basel	basel	PROPN
cjfa-259	204	8	.	.	PUNCT
cjfa-259	204	9	bis	bis	PROPN
cjfa-259	204	10	(	(	PUNCT
cjfa-259	204	11	2012	2012	NUM
cjfa-259	204	12	)	)	PUNCT
cjfa-259	204	13	,	,	PUNCT
cjfa-259	204	14	bis	bi	VERB
cjfa-259	204	15	quarterly	quarterly	ADJ
cjfa-259	204	16	review	review	NOUN
cjfa-259	204	17	,	,	PUNCT
cjfa-259	204	18	september	september	PROPN
cjfa-259	204	19	2012	2012	NUM
cjfa-259	204	20	.	.	PUNCT
cjfa-259	205	1	selected	select	VERB
cjfa-259	205	2	aspects	aspect	NOUN
cjfa-259	205	3	of	of	ADP
cjfa-259	205	4	due	due	ADJ
cjfa-259	205	5	diligence	diligence	NOUN
cjfa-259	205	6	of	of	ADP
cjfa-259	205	7	sovereigns	sovereign	NOUN
cjfa-259	205	8	79	79	NUM
cjfa-259	205	9	eaton	eaton	PROPN
cjfa-259	205	10	j.	j.	PROPN
cjfa-259	205	11	,	,	PUNCT
cjfa-259	205	12	gersovitz	gersovitz	PROPN
cjfa-259	205	13	m.	m.	NOUN
cjfa-259	205	14	,	,	PUNCT
cjfa-259	205	15	stiglitz	stiglitz	PROPN
cjfa-259	205	16	j.	j.	PROPN
cjfa-259	205	17	e.	e.	PROPN
cjfa-259	205	18	(	(	PUNCT
cjfa-259	205	19	1986	1986	NUM
cjfa-259	205	20	)	)	PUNCT
cjfa-259	205	21	,	,	PUNCT
cjfa-259	205	22	the	the	DET
cjfa-259	205	23	pure	pure	ADJ
cjfa-259	205	24	theory	theory	NOUN
cjfa-259	205	25	of	of	ADP
cjfa-259	205	26	country	country	NOUN
cjfa-259	205	27	risk	risk	NOUN
cjfa-259	205	28	,	,	PUNCT
cjfa-259	205	29	nber	nber	PROPN
cjfa-259	205	30	,	,	PUNCT
cjfa-259	205	31	cambridge	cambridge	PROPN
cjfa-259	205	32	.	.	PUNCT
cjfa-259	206	1	ecb	ecb	PROPN
cjfa-259	206	2	(	(	PUNCT
cjfa-259	206	3	2006	2006	NUM
cjfa-259	206	4	)	)	PUNCT
cjfa-259	206	5	,	,	PUNCT
cjfa-259	206	6	acceptance	acceptance	NOUN
cjfa-259	206	7	criteria	criterion	NOUN
cjfa-259	206	8	for	for	ADP
cjfa-259	206	9	third	third	ADJ
cjfa-259	206	10	-	-	PUNCT
cjfa-259	206	11	party	party	NOUN
cjfa-259	206	12	rating	rating	NOUN
cjfa-259	206	13	tools	tool	NOUN
cjfa-259	206	14	within	within	ADP
cjfa-259	206	15	the	the	DET
cjfa-259	206	16	eurosystem	eurosystem	NOUN
cjfa-259	206	17	credit	credit	NOUN
cjfa-259	206	18	assessment	assessment	NOUN
cjfa-259	206	19	framework	framework	NOUN
cjfa-259	206	20	.	.	PUNCT
cjfa-259	207	1	ecb	ecb	PROPN
cjfa-259	207	2	,	,	PUNCT
cjfa-259	207	3	frankfurt	frankfurt	PROPN
cjfa-259	207	4	.	.	PUNCT
cjfa-259	208	1	the	the	DET
cjfa-259	208	2	equator	equator	NOUN
cjfa-259	208	3	principles	principle	NOUN
cjfa-259	208	4	(	(	PUNCT
cjfa-259	208	5	2006	2006	NUM
cjfa-259	208	6	)	)	PUNCT
cjfa-259	208	7	,	,	PUNCT
cjfa-259	208	8	a	a	DET
cjfa-259	208	9	financial	financial	ADJ
cjfa-259	208	10	industry	industry	NOUN
cjfa-259	208	11	benchmark	benchmark	NOUN
cjfa-259	208	12	for	for	ADP
cjfa-259	208	13	determining	determine	VERB
cjfa-259	208	14	,	,	PUNCT
cjfa-259	208	15	assessing	assess	VERB
cjfa-259	208	16	and	and	CCONJ
cjfa-259	208	17	managing	manage	VERB
cjfa-259	208	18	social	social	ADJ
cjfa-259	208	19	and	and	CCONJ
cjfa-259	208	20	environmental	environmental	ADJ
cjfa-259	208	21	risk	risk	NOUN
cjfa-259	208	22	in	in	ADP
cjfa-259	208	23	project	project	NOUN
cjfa-259	208	24	financing	financing	NOUN
cjfa-259	208	25	,	,	PUNCT
cjfa-259	208	26	http://www.equator-principles.com	http://www.equator-principles.com	X
cjfa-259	208	27	(	(	PUNCT
cjfa-259	208	28	retrieved	retrieve	VERB
cjfa-259	208	29	15.11.2012	15.11.2012	NUM
cjfa-259	208	30	)	)	PUNCT
cjfa-259	208	31	.	.	PUNCT
cjfa-259	209	1	jackson	jackson	PROPN
cjfa-259	209	2	j.	j.	PROPN
cjfa-259	209	3	h.	h.	PROPN
cjfa-259	209	4	(	(	PUNCT
cjfa-259	209	5	2003	2003	NUM
cjfa-259	209	6	)	)	PUNCT
cjfa-259	209	7	,	,	PUNCT
cjfa-259	209	8	sovereignty	sovereignty	NOUN
cjfa-259	209	9	-	-	PUNCT
cjfa-259	209	10	modern	modern	ADJ
cjfa-259	209	11	:	:	PUNCT
cjfa-259	209	12	new	new	ADJ
cjfa-259	209	13	approach	approach	NOUN
cjfa-259	209	14	to	to	ADP
cjfa-259	209	15	an	an	DET
cjfa-259	209	16	outdated	outdated	ADJ
cjfa-259	209	17	concept	concept	NOUN
cjfa-259	209	18	,	,	PUNCT
cjfa-259	209	19	the	the	DET
cjfa-259	209	20	american	american	ADJ
cjfa-259	209	21	journal	journal	PROPN
cjfa-259	209	22	of	of	ADP
cjfa-259	209	23	international	international	ADJ
cjfa-259	209	24	law	law	NOUN
cjfa-259	209	25	,	,	PUNCT
cjfa-259	209	26	vol	vol	NOUN
cjfa-259	209	27	.	.	PROPN
cjfa-259	209	28	97	97	NUM
cjfa-259	209	29	.	.	PUNCT
cjfa-259	210	1	kaufmann	kaufmann	PROPN
cjfa-259	210	2	d.	d.	PROPN
cjfa-259	210	3	,	,	PUNCT
cjfa-259	210	4	kraay	kraay	PROPN
cjfa-259	210	5	a.	a.	PROPN
cjfa-259	210	6	,	,	PUNCT
cjfa-259	210	7	mastruzzi	mastruzzi	ADP
cjfa-259	210	8	m.	m.	NOUN
cjfa-259	210	9	(	(	PUNCT
cjfa-259	210	10	2010	2010	NUM
cjfa-259	210	11	)	)	PUNCT
cjfa-259	210	12	,	,	PUNCT
cjfa-259	210	13	the	the	DET
cjfa-259	210	14	worldwide	worldwide	ADJ
cjfa-259	210	15	governance	governance	NOUN
cjfa-259	210	16	indicators	indicator	NOUN
cjfa-259	210	17	.	.	PUNCT
cjfa-259	211	1	methodology	methodology	NOUN
cjfa-259	211	2	and	and	CCONJ
cjfa-259	211	3	analytical	analytical	ADJ
cjfa-259	211	4	issues	issue	NOUN
cjfa-259	211	5	,	,	PUNCT
cjfa-259	211	6	world	world	PROPN
cjfa-259	211	7	bank	bank	PROPN
cjfa-259	211	8	,	,	PUNCT
cjfa-259	211	9	washington	washington	PROPN
cjfa-259	211	10	.	.	PUNCT
cjfa-259	212	1	knight	knight	PROPN
cjfa-259	212	2	f.	f.	PROPN
cjfa-259	212	3	h	h	PROPN
cjfa-259	212	4	(	(	PUNCT
cjfa-259	212	5	1921	1921	NUM
cjfa-259	212	6	,	,	PUNCT
cjfa-259	212	7	2000	2000	NUM
cjfa-259	212	8	)	)	PUNCT
cjfa-259	212	9	,	,	PUNCT
cjfa-259	212	10	risk	risk	NOUN
cjfa-259	212	11	,	,	PUNCT
cjfa-259	212	12	uncertainty	uncertainty	NOUN
cjfa-259	212	13	and	and	CCONJ
cjfa-259	212	14	profit	profit	NOUN
cjfa-259	212	15	,	,	PUNCT
cjfa-259	212	16	library	library	NOUN
cjfa-259	212	17	of	of	ADP
cjfa-259	212	18	economics	economic	NOUN
cjfa-259	212	19	and	and	CCONJ
cjfa-259	212	20	liberty	liberty	NOUN
cjfa-259	212	21	,	,	PUNCT
cjfa-259	212	22	http://www.econlib.org	http://www.econlib.org	PUNCT
cjfa-259	212	23	(	(	PUNCT
cjfa-259	212	24	retrieved	retrieve	VERB
cjfa-259	212	25	20.02.2013	20.02.2013	NUM
cjfa-259	212	26	)	)	PUNCT
cjfa-259	212	27	.	.	PUNCT
cjfa-259	213	1	moody	moody	PROPN
cjfa-259	213	2	’s	’s	PART
cjfa-259	213	3	(	(	PUNCT
cjfa-259	213	4	2008	2008	NUM
cjfa-259	213	5	)	)	PUNCT
cjfa-259	213	6	,	,	PUNCT
cjfa-259	213	7	sovereign	sovereign	ADJ
cjfa-259	213	8	bond	bond	NOUN
cjfa-259	213	9	ratings	rating	NOUN
cjfa-259	213	10	.	.	PUNCT
cjfa-259	214	1	rating	rating	NOUN
cjfa-259	214	2	methodology	methodology	NOUN
cjfa-259	214	3	,	,	PUNCT
cjfa-259	214	4	http://www.moodys.com	http://www.moodys.com	X
cjfa-259	215	1	(	(	PUNCT
cjfa-259	215	2	retrieved	retrieve	VERB
cjfa-259	215	3	15.11.2012	15.11.2012	NUM
cjfa-259	215	4	)	)	PUNCT
cjfa-259	215	5	.	.	PUNCT
cjfa-259	216	1	oecd	oecd	PROPN
cjfa-259	216	2	(	(	PUNCT
cjfa-259	216	3	2010	2010	NUM
cjfa-259	216	4	)	)	PUNCT
cjfa-259	216	5	,	,	PUNCT
cjfa-259	216	6	central	central	ADJ
cjfa-259	216	7	government	government	NOUN
cjfa-259	216	8	debt	debt	NOUN
cjfa-259	216	9	:	:	PUNCT
cjfa-259	216	10	statistical	statistical	ADJ
cjfa-259	216	11	yearbook	yearbook	NOUN
cjfa-259	216	12	2010	2010	NUM
cjfa-259	216	13	,	,	PUNCT
cjfa-259	216	14	oecd	oecd	PROPN
cjfa-259	216	15	publishing	publishing	NOUN
cjfa-259	216	16	,	,	PUNCT
cjfa-259	216	17	paris	paris	PROPN
cjfa-259	216	18	.	.	PUNCT
cjfa-259	217	1	oecd	oecd	PROPN
cjfa-259	217	2	(	(	PUNCT
cjfa-259	217	3	2011	2011	NUM
cjfa-259	217	4	)	)	PUNCT
cjfa-259	217	5	,	,	PUNCT
cjfa-259	217	6	government	government	NOUN
cjfa-259	217	7	debt	debt	NOUN
cjfa-259	217	8	,	,	PUNCT
cjfa-259	217	9	[	[	X
cjfa-259	217	10	in	in	ADP
cjfa-259	217	11	:]	:]	PROPN
cjfa-259	217	12	oecd	oecd	PROPN
cjfa-259	217	13	factbook	factbook	PROPN
cjfa-259	217	14	2011–2012	2011–2012	NUM
cjfa-259	217	15	:	:	PUNCT
cjfa-259	217	16	economic	economic	ADJ
cjfa-259	217	17	,	,	PUNCT
cjfa-259	217	18	environmental	environmental	ADJ
cjfa-259	217	19	and	and	CCONJ
cjfa-259	217	20	social	social	ADJ
cjfa-259	217	21	statistics	statistic	NOUN
cjfa-259	217	22	,	,	PUNCT
cjfa-259	217	23	oecd	oecd	PROPN
cjfa-259	217	24	publishing	publishing	NOUN
cjfa-259	217	25	,	,	PUNCT
cjfa-259	217	26	paris	paris	PROPN
cjfa-259	217	27	.	.	PUNCT
cjfa-259	218	1	reinhart	reinhart	PROPN
cjfa-259	218	2	c.	c.	PROPN
cjfa-259	218	3	m	m	PROPN
cjfa-259	218	4	,	,	PUNCT
cjfa-259	218	5	rogoff	rogoff	PROPN
cjfa-259	218	6	k.	k.	PROPN
cjfa-259	218	7	s.	s.	PROPN
cjfa-259	218	8	(	(	PUNCT
cjfa-259	218	9	2009	2009	NUM
cjfa-259	218	10	)	)	PUNCT
cjfa-259	218	11	,	,	PUNCT
cjfa-259	218	12	this	this	DET
cjfa-259	218	13	time	time	NOUN
cjfa-259	218	14	is	be	AUX
cjfa-259	218	15	different	different	ADJ
cjfa-259	218	16	.	.	PUNCT
cjfa-259	219	1	eight	eight	NUM
cjfa-259	219	2	centuries	century	NOUN
cjfa-259	219	3	of	of	ADP
cjfa-259	219	4	financial	financial	ADJ
cjfa-259	219	5	folly	folly	NOUN
cjfa-259	219	6	,	,	PUNCT
cjfa-259	219	7	princeton	princeton	PROPN
cjfa-259	219	8	university	university	PROPN
cjfa-259	219	9	press	press	PROPN
cjfa-259	219	10	,	,	PUNCT
cjfa-259	219	11	princeton	princeton	PROPN
cjfa-259	219	12	.	.	PUNCT
cjfa-259	220	1	standard	standard	PROPN
cjfa-259	220	2	and	and	CCONJ
cjfa-259	220	3	poor	poor	ADJ
cjfa-259	220	4	’s	’s	PART
cjfa-259	220	5	(	(	PUNCT
cjfa-259	220	6	2011	2011	NUM
cjfa-259	220	7	)	)	PUNCT
cjfa-259	220	8	,	,	PUNCT
cjfa-259	220	9	sovereign	sovereign	ADJ
cjfa-259	220	10	government	government	NOUN
cjfa-259	220	11	rating	rating	NOUN
cjfa-259	220	12	methodology	methodology	NOUN
cjfa-259	220	13	and	and	CCONJ
cjfa-259	220	14	assumptions	assumption	NOUN
cjfa-259	220	15	,	,	PUNCT
cjfa-259	220	16	http://www.standardandpoors.com	http://www.standardandpoors.com	X
cjfa-259	220	17	(	(	PUNCT
cjfa-259	220	18	retrieved	retrieve	VERB
cjfa-259	220	19	15.11.2012	15.11.2012	NUM
cjfa-259	220	20	)	)	PUNCT
cjfa-259	220	21	.	.	PUNCT
cjfa-259	221	1	standard	standard	ADJ
cjfa-259	221	2	and	and	CCONJ
cjfa-259	221	3	poor	poor	ADJ
cjfa-259	221	4	’s	’s	PART
cjfa-259	221	5	(	(	PUNCT
cjfa-259	221	6	2012	2012	NUM
cjfa-259	221	7	)	)	PUNCT
cjfa-259	221	8	,	,	PUNCT
cjfa-259	221	9	sovereign	sovereign	ADJ
cjfa-259	221	10	defaults	default	NOUN
cjfa-259	221	11	and	and	CCONJ
cjfa-259	221	12	rating	rating	NOUN
cjfa-259	221	13	transition	transition	NOUN
cjfa-259	221	14	data	datum	NOUN
cjfa-259	221	15	,	,	PUNCT
cjfa-259	221	16	2011	2011	NUM
cjfa-259	221	17	update	update	NOUN
cjfa-259	221	18	,	,	PUNCT
cjfa-259	221	19	http://www.standardandpoors.com	http://www.standardandpoors.com	X
cjfa-259	221	20	(	(	PUNCT
cjfa-259	221	21	retrieved	retrieve	VERB
cjfa-259	221	22	15.11.2012	15.11.2012	NUM
cjfa-259	221	23	)	)	PUNCT
cjfa-259	221	24	.	.	PUNCT
cjfa-259	222	1	stiglitz	stiglitz	PROPN
cjfa-259	222	2	j.	j.	PROPN
cjfa-259	222	3	e.	e.	PROPN
cjfa-259	222	4	(	(	PUNCT
cjfa-259	222	5	2000	2000	NUM
cjfa-259	222	6	)	)	PUNCT
cjfa-259	222	7	,	,	PUNCT
cjfa-259	222	8	economics	economic	NOUN
cjfa-259	222	9	of	of	ADP
cjfa-259	222	10	the	the	DET
cjfa-259	222	11	public	public	ADJ
cjfa-259	222	12	sector	sector	NOUN
cjfa-259	222	13	(	(	PUNCT
cjfa-259	222	14	third	third	ADJ
cjfa-259	222	15	edition	edition	NOUN
cjfa-259	222	16	)	)	PUNCT
cjfa-259	222	17	,	,	PUNCT
cjfa-259	222	18	w.	w.	PROPN
cjfa-259	222	19	w.	w.	PROPN
cjfa-259	222	20	norton	norton	PROPN
cjfa-259	222	21	,	,	PUNCT
cjfa-259	222	22	london	london	PROPN
cjfa-259	222	23	.	.	PUNCT
cjfa-259	223	1	us	us	PROPN
cjfa-259	223	2	securities	securities	PROPN
cjfa-259	223	3	and	and	CCONJ
cjfa-259	223	4	exchange	exchange	PROPN
cjfa-259	223	5	commission	commission	PROPN
cjfa-259	223	6	(	(	PUNCT
cjfa-259	223	7	2012	2012	NUM
cjfa-259	223	8	)	)	PUNCT
cjfa-259	223	9	,	,	PUNCT
cjfa-259	223	10	annual	annual	ADJ
cjfa-259	223	11	report	report	NOUN
cjfa-259	223	12	on	on	ADP
cjfa-259	223	13	nationally	nationally	ADV
cjfa-259	223	14	recognised	recognise	VERB
cjfa-259	223	15	statistical	statistical	ADJ
cjfa-259	223	16	ratings	rating	NOUN
cjfa-259	223	17	organisations	organisation	NOUN
cjfa-259	223	18	,	,	PUNCT
cjfa-259	223	19	sec	sec	PROPN
cjfa-259	223	20	,	,	PUNCT
cjfa-259	223	21	washington	washington	PROPN
cjfa-259	223	22	.	.	PUNCT