Delving into country risk

Silvia Iranzo ()
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Silvia Iranzo: Banco de España

No 802, Occasional Papers from Banco de España

Abstract: Since the Latin American debt crisis of the early 80s, country risk analysis has accounted for a significant part of the work of research and risk management departments of banks, insurance companies, rating agencies, financial market regulators, and multinational companies. Country risk is a very broad concept, that includes sovereign risk, transfer risk, and other risks related with international financial activities. Country risk analysis requires delving into multiple fields, such as economics, finance, politics and history. This paper addresses the concept of country risk, the agents involved, the methods for assessing country risk, the payments crises, risk prevention, the assessment of country risk in the present world and the Spanish country risk regulation.

Keywords: country risk; financial crises; default; solvency; reserves (search for similar items in EconPapers)
JEL-codes: E44 E66 F32 F33 G12 G32 (search for similar items in EconPapers)
Pages: 96 pages
Date: 2008-04
New Economics Papers: this item is included in nep-mac and nep-rmg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:bde:opaper:0802

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