Tkalec, Marina; Vizek, Maruška; Verbič, Miroslav - In: Economic Systems 38 (2014) 4, pp. 597-613
This paper describes an empirical model of country risk premiums and their determinants, relying on recent theories of balance sheet effects. We approach the latter by introducing a novel approach to country risk premiums that assumes that nominal exchange rates can move away from or towards...