L'art de l'analyse du risque-pays: Etude empirique dans les pays émergents

Faouzi Boujedra ()
Additional contact information
Faouzi Boujedra: LEO - Laboratoire d'économie d'Orleans [2008-2011] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique

Working Papers from HAL

Abstract: The objective of this paper is to yield a global evaluation of country-risk and to propose a new index of severity that can be used in investment strategies within the emerging markets. Our approach provides answers to some basic questions on (1) the type of elements to be considered in a comprehensive country risk methodology; (2) the way of adjusting country risk and; (3) the type of estimations to be performed in such an analysis. Consequently, we employ a rating methodology, as well as the discriminate and logit-probit analyses in a comparative setting including 28 emerging markets between 1984 and 2003. Following Frank and Cline (1971) and Sargen (1977), we empirically identify the country risk by categories and we compute the final score.

Keywords: Country Risk; economic risk; financial risk; political risk; Investment.; Risque Pays; risque économique; risque financier; risque politique; Investissement (search for similar items in EconPapers)
Date: 2006-02-09
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00008977
References: Add references at CitEc
Citations:

Downloads: (external link)
https://shs.hal.science/halshs-00008977/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:halshs-00008977

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().