Abstract
“Country risk” is a protean term that has long confused scholars. It is easy to grasp but comprehending the concept’s multidimensional nature requires proficiency in a wide array of fields—including (among others) economics, finance, and political science.
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Notes
- 1.
When it is italicized, the term “country risk” designates the concept. Otherwise, it refers to the threats to foreign investments.
- 2.
- 3.
- 4.
- 5.
The terms “businessman” and “investor” are used interchangeably in the rest of this book.
- 6.
- 7.
Charles Stabler, “U.S. Banks’ Foreign Activities Will Face More Federal Control, Officials Predict,” Wall Street Journal, 9 April 1975.
- 8.
“Banker Sees No Danger of Default by Developing Nations on Loans,” New York Times, 7 April 1977.
- 9.
See also Friedman (1983, p. 307).
- 10.
- 11.
See www.credendo.com.
- 12.
Euromoney ratings were initially sovereign risk ratings, but methodological amendments transformed them into country risk ratings (see Sect. 4.1.3).
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Gaillard, N. (2020). Introduction. In: Country Risk. Springer, Cham. https://doi.org/10.1007/978-3-030-45788-4_1
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DOI: https://doi.org/10.1007/978-3-030-45788-4_1
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