El análisis del riesgo paísun asunto de interés renovado

  1. Rodríguez Castellanos, Arturo
  2. San Martín Albizuri, Nerea
Revue:
Boletín de estudios económicos

ISSN: 0006-6249

Année de publication: 2011

Volumen: 66

Número: 202

Pages: 29-48

Type: Article

D'autres publications dans: Boletín de estudios económicos

Résumé

The recent debt crises in some European countries have focused attention on the concept of "country risk", although the concern about this type of risk has been cyclical and repetitive since the 70's of last century. In this context, this paper aims to clarify the concept of country risk, and its main components. Subsequently, we show the factors that most significantly influence on it, highlighting two main groups: political type and economic type; and finally, it is performed an analysis of the methods proposed for its evaluation and measurement, emphasizing the advantages and disadvantages of each one, concluding that none provide entirely satisfactory results. Therefore, we propose that the analysis of this type of risk, from now on, must assume as fundamental premises both systemic risk and uncertainty as essential components of a globalized financial system.

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