Management Strategies of Country Risk within Financial Institutions
AbstractFinancial institutions, like any other company for that matter, have as a main objective the diversification and expansion of revenue and profit sources. To this purpose they have expanded ever more their activity across national borders. But, as it is well known, especially if we relate to the current economic-social and politic circumstance, this strategy increases the risk of financial loss, exposing the bank to country risk. And as “the secret of success for a company is to be prepared for any risks, when they will occur “, all banks must possess a country risk management process which, although it varies depending on the volume and the complexity of the international activities include a series of steps which must be implemented mandatory.
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Bibliographic InfoArticle provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.
Volume (Year): XII (2012)
Issue (Month): 1 (May)
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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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country risk; financial institutions; country risk management;
Find related papers by JEL classification:
- F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
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