This book argues that investor risk in emerging markets hinges on the company a country keeps.

Julia Gray is an Assistant Professor of Political Science at the University of Pennsylvania. Her work in international political economy and international organization has appeared or is forthcoming in the American Journal of Political Science, Comparative Political Studies, International Studies Quarterly, the European Journal of Political Research, Political Science Research Methods and the Review of International Organizations. Prior to her career in academia, she worked for four years as a journalist and editor in Prague and Budapest.

1. Introduction: the company you keep; 2. International institutions and sovereign risk; 3. The company you keep in comparative perspective; 4. The effects of good company; 5. When emerging markets join up with bad company; 6. How risk for core members changes on IO expansion; 7. Conclusion.