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000938293 019__ $$a1175912422$$a1178999391$$a1182451893$$a1182917740$$a1183931796
000938293 020__ $$a9783030457884$$q(electronic book)
000938293 020__ $$a3030457885$$q(electronic book)
000938293 020__ $$z3030457877
000938293 020__ $$z9783030457877
000938293 0247_ $$a10.1007/978-3-030-45788-4$$2doi
000938293 0247_ $$a10.1007/978-3-030-45
000938293 035__ $$aSP(OCoLC)on1164583486
000938293 035__ $$aSP(OCoLC)1164583486$$z(OCoLC)1175912422$$z(OCoLC)1178999391$$z(OCoLC)1182451893$$z(OCoLC)1182917740$$z(OCoLC)1183931796
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000938293 049__ $$aISEA
000938293 050_4 $$aHD61
000938293 08204 $$a658.15/5$$223
000938293 1001_ $$aGaillard, Norbert.
000938293 24510 $$aCountry risk :$$bthe bane of foreign investors /$$cNorbert Gaillard.
000938293 260__ $$aCham, Switzerland :$$bSpringer,$$c2020.
000938293 300__ $$a1 online resource
000938293 336__ $$atext$$btxt$$2rdacontent
000938293 337__ $$acomputer$$bc$$2rdamedia
000938293 338__ $$aonline resource$$bcr$$2rdacarrier
000938293 504__ $$aIncludes bibliographical references.
000938293 506__ $$aAccess limited to authorized users.
000938293 520__ $$aWith the growth of international trade and the advent of financial globalization in the 1970s and 1980s, country risk has become a key notion for economists, financiers, and investors. I define this notion as "any macroeconomic, microeconomic, financial, social, political, institutional, judiciary, climatic, technological, or sanitary risk that affects (or could affect) an investor in a foreign country. Damages may materialize in several ways: financial losses; threat to the safety of the investing companys employees, clients, or consumers; reputational damage; or loss of a market or supply source." Chapter 1 introduces the key concepts. Chapter 2 investigates how country risk has evolved and manifested since the advent of the Pax Britannica in 1816. It describes the international political and economic environment and identifies the main obstacles to foreign investment. Chapter 3 documents the numerous forms that country risk may take and provides illustrations of them. Seven broad components of country risk are scrutinized in turn: international political risks; domestic political and institutional risks; jurisdiction risks; macroeconomic risks; microeconomic risks; sanitary, health, industrial, and environmental risks; and natural and climate risks. Chapter 4 focuses on sovereign risk. It presents the rating methodologies used by four raters; next, it measures and compares their performance (i.e., their ability to forecast sovereign defaults). Chapter 5 studies the risks likely to affect exporters, importers, foreign creditors of corporate entities, foreign shareholders, and foreign direct investors. It presents the rating methodologies used by seven raters and measures their track records in terms of anticipating eight types of shocks that reflect the main components of country risk analyzed in Chapter 3. This book will be most relevant to graduate students in economics as well as professional economists and international investors.
000938293 650_0 $$aFinancial risk.
000938293 650_0 $$aInvestments, Foreign.
000938293 77608 $$iPrint version: $$z3030457877$$z9783030457877$$w(OCoLC)1145592255
000938293 852__ $$bebk
000938293 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-030-45788-4$$zOnline Access$$91397441.1
000938293 909CO $$ooai:library.usi.edu:938293$$pGLOBAL_SET
000938293 980__ $$aEBOOK
000938293 980__ $$aBIB
000938293 982__ $$aEbook
000938293 983__ $$aOnline
000938293 994__ $$a92$$bISE