The Dutch coastline has changed ificantly over time due to these floods, such as the storm that formed the Zeeland archipelago when water covered massive swaths of land. Other major floods include St. Lucia's Day flood inSt.
Country Default Spre and Risk Premiums Netherlans updated: July 1, This table summarizes the latest bond ratings and appropriate default spre for different countries. To estimate the long term country equity risk premium, I start with a default spread, which I obtain in one of two ways: 1 I use the local currency sovereign rating from Moody's: www. The Delta works will be under stress in coming years as sea levels continue to rise. The area in this false-color satellite image Negherlands extensively farmed, giving the photo its patchwork look.
In the short term especially, the equity country risk premium dle likely to be greater than the country's default spread. That difference becomes the country spread. Image courtesy of USGS.
You can add just this default spread to the mature market premium to arrive at the total equity risk premium. I have added this to my estimated risk premium of 5. Elizabeth's Day flood inand a massive flood in that sparked the building of the Delta works system in place today.
I add an additional step. Usage Factbook photos - obtained from a variety of sources - are in the public domain and are copyright free. While you can use these s as rough estimates Paynton country risk premiums, you may want to modify the premia to reflect the additonal risk of equity markets.
The Dutch have built an elaborate system of dikes, canals, dams, bridges, and locks to hold back the North Sea because of rising sea levels and devastating historic floods.