Sovereign CDS

Hey guys, I have the two following questions to answer in a university's presentation. I did a lot of research on the internet but I am still not happy with my results. Do you have any ideas?

Do you think the sovereign CDS markets can provide the right level of end-user protection? Why and why not?



Also comment if the sovereign CDS can provide hedge against "country transfer risk"?


Cheers,

Jh