Country risk approach, although not new, is in the foreground investor’s concerns whenever a crisis affecting the solvency of a country or a group of countries and endangers the claims directly owned on that state, national company or other entity. The rating agencies are the main, but the...

Financial institutions, like any other company for that matter, have as a main objective the diversification and expansion of revenue and profit sources. To this purpose they have expanded ever more their activity across national borders. But, as it is well known, especially if we relate to the...

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...

The financial crises that have occurred in recent decades, affecting the entire international financial system and beyond, have highlighted the existing gaps in the models of country risk analysis, models that cannot provide, in most cases, an anticipation of the collapse. The crisis...

Given that the current business world is based on the expansion of global markets, more companies participating in the international activity, business management has been faced with new challenges. This is because companies in order to cope with global competition were forced to adapt to the...

Defining risks and performances is a classical procedure, but also very important, because it is the base in evaluating risks. The patterns of evaluation are the most important instruments of scientific knowledge, a conventional image of the objective that needs to be examined. Those are builder...

Global economy generates conflicting issues regarding timeliness and relevance of the protectionist theory and also on interpreting country risk. Forasmuch, protectionism is seen as a tool for stimulating domestic industry and a means of defense against foreign competition, while economic...

Economic globalization has advantages and disadvantages. We believe that the first ones' dimension is significantly higher than the inconveniences' one, and, as Professor Pascal Salin1 said, globalization is an objective necessity. However, the negative side of the internationalization of...

Before the beginning of the world economic crisis, countries from Eastern and Central Europe (CEE) had tremendously high rates of economic growth. Their growth was stimulated mostly with foreign investments and huge amounts of loans that came from the Western countries. However, as a result of...