Guide to country risk : how to identify, manage and mitigate the risks of doing business across borders
Mina Toksöz
Bok · Engelsk · 2014
| Utgitt | New York : PublicAffairs , 2014
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| Omfang | 289 p.
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| Utgave | First edition.
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| Opplysninger | "The economist.". - Table of Contents; Acknowledgements; 1. Introduction: a brief history of country risk ; What is country risk?; Thinking about risk came with the Enlightenment; From science of probability theory to management of risk ; The rise of international portfolio flows; The principle of national sovereignty; Multinationals, expropriation and loan risk; New financial instruments; Recent booms and busts; Lessons from the 2008-09 financial crisis; About this book; PART 1: IDENTIFYING COUNTRY RISK ; 2. Definitions of country risk ; Components of country risk; Difficulties of defining country risk Three frequently asked questions3. Causes of country risk at global level: excessive lending ; Global wares of capital experts and risk of excessive lending; Transition periods: the rise of geopolitical risks; Financial crises: then and now; Contagion risks, spillovers and transmission channels; Financial transmission mechanisms and international risk appetite ; Trade transmission mechanism; Political contagion; The real economy, cycles and demographics: the long-term view; Conclusion and country risk pointers; 4. Payments crises: country vulnerabilities; Learning from different crises Macroeconomic imbalances5. Paymments crises: in-country causes ; Home-grown causes of country risk; Financial sector risks; Economic policy risks; 6. Political and geopolitical risks ; Geopolitical risk and military conflict; Tracking social and political trends; Political risk and institutions; Institutions lagging social and economic development; Avoiding implicit value judgments in political risk analysis; 7. Identifying country risk at transaction level ; Transfer and convertibility risks; Exchange-rate, interest-rate and rollover risks; Macroeconomic volatility Regulatory and policy uncertaintiesSector-specific risks; Jurisdiction risks; Political risks; Conclusion; PART 2: MODELLING, MANAGING AND MITIGATING COUNTRY RISK ; 8. Country risk models and ratings ; Country risk models and ratings; Country risk assessment methodologies; Country risk indicators; Rating model structure; How to build a model; Other technical issues; The time horizon, responsiveness of the model, pro-cyclicality; Implicit judgments and prevailing misconceptions; What next?; 9. Country risk mitigation: global level Crisis prevention, reregulation and risks of international fragmentation Evolving role of the IMF: multilateralism versus regionalism ; Debt restructuring: voluntary versus market-based burden sharing ; Conclusion: whither sovereignty?; 10. Integrating country risk into management structures ; Regulation and the internal organisation of country risk in finance; Country risk management in multinationals; The tools: basic organisational structures for managing country risk ; Independence of the country risk function; Why you cannot outsource country risk management 11. Country risk mitigation at transaction level: the final defence
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| Emner | |
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| ISBN | 978-1-61039-486-4
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