IDEAS home Printed from https://ideas.repec.org/p/mon/ceddtr/72.html
   My bibliography  Save this paper

Le risque pays : approche conceptuelle et approche pratique

Author

Listed:
  • Stéphanie Gautrieaud

    (Groupe d'Economie du Développement Université Montesquieu Bordeaux IV)

Abstract

Already evoked in the years 1970 by American economists such as Sargen, the concept of country risk returned to the front of the economic scene following the financial crises of the years 1990.The concept of country risk is not new insofar as it is inherent in the swaps between two economic entities of different countries.The country risk appears since the normal refunding of the foreign credit is opposed because of the economic, political, social and financial conditions prevailing in the country of the debtor.However, as no theory of the country risk really exists, it appeared necessary to us to highlight the inherent whole of dimensions to this concept.With this intention, it is convenient to release the various components, classified according to three complementary angles of incidence. The type of crisis refers to the nature of the entity which undergoes the country risk with the determination of the banking risk, the financial and industrial risk and, finally, of the commercial risk.The second approach is interested in nature of the risk, i.e. with the characteristics of the debtor entity. It is of the sovereign risk, the risk of transfer and the systemic risk. Lastly, the third angle of analysis sticks to the type of crisis, the origin of the operative events of crisis and this, thanks to the forward setting of the political risk and the economico-financial risk.(Full text in French)

Suggested Citation

  • Stéphanie Gautrieaud, 2002. "Le risque pays : approche conceptuelle et approche pratique," Documents de travail 72, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
    • Handle: RePEc:mon:ceddtr:72
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    as
    1. Nicholas Sargen, 1977. "Country risk," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue mar18.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ana-Lucia Ristea & Maria Luiza Hrestic & Constantin Popescu, 2016. "International Crisis Propagation," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 229-233.
    2. Liviu Deceanu & Mirela Pintea & El Thalassinos & Vicky Zampeta, 2010. "New Dimensions of Country Risk in the Context of the Current Crisis: A Case Study for Romania and Greece," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 225-236.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      More about this item

      JEL classification:

      • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
      • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General
      • F47 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Forecasting and Simulation: Models and Applications
      • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
      • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
      • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
      • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

      NEP fields

      This paper has been announced in the following NEP Reports:

      Statistics

      Access and download statistics

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mon:ceddtr:72. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.