Delving into Country Risk

96 Pages Posted: 17 Apr 2008

Date Written: April 15, 2008

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

JEL Classification: E44, E66, G12, G32, F32, F33

Suggested Citation

Iranzo, Silvia, Delving into Country Risk (April 15, 2008). Banco de España Occasional Paper No. 0802. Available at SSRN: https://ssrn.com/abstract=1120723 or http://dx.doi.org/10.2139/ssrn.1120723

Silvia Iranzo (Contact Author)

Banco de España ( email )

Alcala 50
Madrid 28014
Spain

HOME PAGE: http://www.bde.es/

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