The Effects of Economic Crisis on Country Risk
It is widely accepted that risk is a constant of the human activity in general. From this perspective, the expansion of business across country borders requires identification, assessment and brief analysis of the overall risk that operators would face in a targeted national economy.Country risk is the one that shows in a general manner the international business risks, reflecting the overall situation and the cumulative effects of other risks. It is therefore considered to be a diagnosis of the socio-economic potential of the country receiving international economic flows. The complex, dynamic and variable character of the "new economy" has imposed a permanent adaptation of the country risk concept and has increased its importance given the international affairs. This is because knowing and understanding it, enable the economic agents to make rational decisions, minimizing the risks and increasing the profitability of their foreign activities. Also for a greater efficiency in decision making regarding internationalization, a specific activity became essential, which is country risk management. Country risk issues remain open to interpretations, especially in the context of economic crisis. The situation the world economy is facing today, changes considerably the criteria and also the assessments regarding the cataloguing of country risk.
Volume (Year): 2 (2009)
Issue (Month): 4(8) ()
|Contact details of provider:|| Postal: Str. J.H.Pestalozzi nr. 16, 300115, Timisoara|
Phone: 004 0256 592506
Fax: 004 0256 5925002
Web page: http://www.feaa.uvt.ro
More information through EDIRC
|Order Information:|| Postal: 16 J. H. Pestalozzi Street, 300115, Timisoara, Romania|
Web: http://www.tje.uvt.ro Email:
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Kemp, M. H. D., 2005. "Risk Management in a Fair Valuation World," British Actuarial Journal, Cambridge University Press, vol. 11(04), pages 595-712, October.
When requesting a correction, please mention this item's handle: RePEc:wun:journl:tje:v02:y2009:i4(8):a04. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Romeo Margea)
If references are entirely missing, you can add them using this form.