Throughout the Eurozone, credit rating agencies have been under attack for their lack of transparency and for their pro-cyclical sovereign rating actions. In the humble belief that the crowd can outperform the credit rating oracles, we are introducing an open database of historical sovereign risk data. It is available athttp://www.publicsectorcredit.org/sovdef where community members can both view and edit the data. Once the quality of this data is sufficient, the data set can be used to create unbiased, transparent models of sovereign credit risk.
The database contains central government revenue, expenditure, public debt and interest costs from the 19th century through 2011 – along with crisis indicators taken from Reinhart and Rogoff’s public database.