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Modelling the Riskiness in Country Risk Ratings

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Modelling the Riskiness in Country Risk Ratings Synopsis

The importance of country risk is underscored by the existence of several prominent country risk rating agencies. These agencies combine information regarding alternative measures of economic, financial and political risk into associated composite risk ratings. As the accuracy of such country risk measures is open to question, it is necessary to analyse the agency rating systems to enable an evaluation of the importance and relevance of agency risk ratings. The book focuses on the rating system of the international country risk guide. "Time" series data permit a comparative assessment of risk ratings for 120 countries, and highlight the importance of economic, financial and political risk ratings as components of a composite risk rating. The book analyses various univariate and multivariate risk returns and corresponding symmetric and asymmetric models of conditional volatility, as well as conditional correlations.

About This Edition

ISBN: 9780444518378
Publication date:
Author: S Hoti
Publisher: Elsevier Science Ltd an imprint of Emerald Publishing Limited
Format: Hardback
Pagination: 516 pages
Series: Contributions to Economic Analysis
Genres: Economics

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