The objective of this paper is to investigate the relationship between financial and economic uncertainty (risk) and the demand for international reserves. In addition, the association between this relationship and the political risk condition is further analysed for selected emerging economies....

This paper is a reinterpretation of the work done of the authors several years ago and it underlines the political risk of the countries that are member of the EU11 (European Union segmented at 11 countries that have geographical and strategic similar positioning) zone shaped by the World Bank...

Unter dem Stichwort Souveränitätsrisiko werden typischerweise Probleme bei der Auslandsverschuldung eines souveränen Staates behandelt. Souveränität ist dadurch gekennzeichnet, daß es kein Regelsystem gibt, mit dem die Durchsetzung von Verträgen erzwungen werden kann. Diese klassische...

This paper addresses difficulties in modelling exchange rates in South Africa. Real exchange rate models of earlier research seem to be sensitive to the sample period considered, alternative variable definition, data frequency and estimation methods. Alternative exchange rate models proposed in...

Participation of a country to obtain the credit, of any kind, making imports and exports by a country or by its financial and trade companies, involves to be taken into account the risks that evolve from this involvement. Through this article I want to present the factors that generate the...

This study reports how country risk and macroeconomic conditions influence the wealth gains of U.S. financial firms involved in international mergers and takeovers. The findings suggest that U.S. financials experience weakly significant wealth gains around announcement date. The wealth gains are...

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...