Country Risk Analysis: a Survey
نویسندگان
چکیده
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 evolved over time and constant research has contributed to the richness and sophistication of these techniques. This paper also reviews some of the statistical/econometric studies on country risk appraisal. While these studies display a distinct chronological pattern of gradual improvements in terms of technique and analytical competence none of them is complete in terms of scope and coverage. * This is a revised version of a report on country risk analysis which was a part of the Summer Graduate Research Workshop at the Department of Economics, Southern Methodist University. Financial Support from the Richard B. Johnson Center is gratefully acknowledged. I am grateful to Prof Tom Fomby for introducing me to the topic and for guiding me through the project. I would also like to thank other members of workshop for their comments and discussions. † Department of Economics and International Business, Sam Houston State University, Huntsville, TX 77341-2118; Phone: 936-294-4760; Fax: 936-294-3488; E-mail : [email protected]
منابع مشابه
Country Risk Analysis: a Survey of the Quantitative Methods*
With globalization and fi nancial integration, there has been rapid growth of international lending and foreign direct investment (FDI). In view of this emerging trend, country risk analysis has become extremely important for the international creditors and investors. This paper briefl y discusses the concepts and defi nitions, and presents a survey of the quantitative methods that are used to ...
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