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Measuring the external risk in the United Kingdom

Author

Listed:
  • Estela Sáenz

    (University of Zaragoza)

  • María Dolores Gadea

    (University of Zaragoza)

  • Marcela Sabaté

    (University of Zaragoza)

Abstract

This paper aims to describe the evolution of the external risk in the United Kingdom between 1961 and 2008. We first present a theoretical description of the risk indicator. Then, we calculate this measure for the British economy in the period of study. In general, the results reveal a very small increase of external risk. Finally, the relationship between the two dimensions of external risk: trade openness and external volatility is analysed.

Suggested Citation

  • Estela Sáenz & María Dolores Gadea & Marcela Sabaté, 2009. "Measuring the external risk in the United Kingdom," Economics Bulletin, AccessEcon, vol. 29(2), pages 1182-1189.
    • Handle: RePEc:ebl:ecbull:eb-09-00195
    as

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    References listed on IDEAS

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    More about this item

    Keywords

    trade openness; terms of trade volatility; external risk; United Kingdom;
    All these keywords.

    JEL classification:

    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance

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