The aim of this book is to provide a comprehensive guide to the assessment of country risk for a bank or a corporation, explaining the principles of country risk and the nature of the risks. It provides a detailed step-by-step guide on how to approach risk assessment, together with explanations of important economic ratios. Alternative systems for assessing and signalling risks are compared. Included are nine detailed country case studies from recent experience which are designed to illustrate the issues facing analysts at particular times and the outcome for the country involved. In this edition there is a new section on the difficulties of assessing country risk in Eastern Europe.
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