Ephraim Clark 
EVALUATING COUNTRY RISKS FOR INTERNATIONAL INVESTMENTS [EPUB ebook] 
Tools, Techniques and Applications

This unique volume presents a trailblazing project of country risk analysis for international investments. It develops an innovative range of tools and techniques on the cutting edge of financial theories and practices for assessing and incorporating country/political risk in cross-border investment strategies. These tools and techniques address the nature of country risk as a broad concept that comprises an underlying combination of economics, finance, geopolitics, sociology, and history.

Contents:

• Terminology and Definitions of Country Risk


• History of Country Risk


• Current Methodologies for Country Risk Assessment


• Systematic Country Risk


• Cross Country Risk


• Country Financial Risk


• Political Risk as Stochastic Dominance


• Political Risk as a Hypothetical Insurance Policy


• Incremental Political Risk


• Multiple Dependent Sources of Political Risk


• Updating Political Risk


• Expropriation as an Option to Default


• Sovereign Risk as an Option to Default


• Sovereign Risk and Macroeconomic Fundamentals


• Asymmetric Information and Sovereign Eurobond Spreads


• Hedging Foreign Currency Risk


• Asymmetric Foreign Currency Exposure


• Foreign Currency Risk and Shareholder Value

Readership: Graduate students and researchers interested in the topics of risk management and international investment.
Keywords:Portfolio Investment;Political Risk;Financial Risk;Equity Return;Market Efficiency;Stochastic Dominance;Risk Management;Derivatives;Foreign Currency Debt Review:
Key Features:

• Explains the multi-faceted dimensions of cross-border risk with respect to portfolio investment, foreign direct investment, and cross border borrowing and lending


• Identifies the main sources of risks and opportunities arising from the growing integration of international financial and product markets


• Develops a range of tools and techniques on the cutting edge of financial theory and practice for assessing and incorporating country/political risk in cross-border investment strategies