Country Risk

Value-at-Risk for country risk ratings

Country Risk Analysis: a Survey

In view of the rapid growth of international lending and foreign direct investments, the country risk analysis has become extremely important for the international creditors and investors. This paper traces the history of country risk analysis and briefly discusses the methods used by banks, agencies and researchers for evaluating country risk. Both qualitative and quantitative methods have evo...

Country Risk Measures: How Risky Are They?

As global competition drives corporations into distant, unfamiliar markets, managers are searching for ways to minimize their uncertainty. When formulating their strategies for such environments, managers frequently rely on country risk analysis. Assuming that country risk analysis is an objective, fact-finding process, many managers fail to question these risk reports. The focus of this paper ...

Risk-sharing Agreements: Country Experiences and Challenges

Modeling country risk ratings using partial orders

In order to evaluate the creditworthiness of various countries, a learning model is induced from the 1998 S&P country risk ratings, using the 1998 values of nine economic and three political indicators. This learning model allows the construction of a partially ordered set describing the relative superiority of countries on the basis of their creditworthiness, and it is shown that the Condorcet...