New Configurations of Country Risk in the Context of the Economic and Financial Crisis

The current crisis appeared in a moment when the favorable economic development led to an overall improvement in country risk. Nowadays, the intensity of the risks composing what we generically call “country risk” is rising, as well as the vulnerability of different states, in a context of external shocks multiplication. Among the main consequences, we underline the fact that it is now necessary – for the analists – to take into consideration the country risk in the case of countries whitch, not long ago, were out of question from the perspective of this topic. In this new economic landscape, every state becomes concerned by country risk