Country Risk Assessment - A Guide To Global Investment Strategy

- Offers a comprehensive discussion of the specific mechanisms that apply to country risk assessment.
- Discusses various techniques associated with global investment strategy.
- Presents and analyses the various sources of country risk.
- Provides an in depth coverage of information sources and country risk service providers.
- Gives techniques for forecasting country financial crises.
- Includes practical examples and case studies.
- Provides a comprehensive review of all existing methods including the techniques on the cutting-edge Market Based Approaches such as KMV, CreditMetrics, CountryMetrics and CreditRisk+.

EPHRAÏM CLARK is Professor of Finance at Middlesex University, London, and Visiting Professor at ESC Lille, France, with extensive teaching experience in Europe and the USA. He is Founding Editor of the European Journal of Finance, Co-editor of Treasury Affairs, and Associate Editor of the International Journal of Finance. Professor Clark is the author of eight books and over 50 articles in academic and professional journals in the field of international risk management, and he also has extensive experience in private business and as a consultant.

BERTRAND GROSLAMBERT after working in Africa as Financial Controller with the French oil group, Total, Dr. Groslambert joined Paris-based FP Consult (now part of Fortis Group), an emerging market investment management company with a US$250 million portfolio. He was equity fund manager specializing in Latin American stock markets. Dr. Groslambert teaches International Finance Strategy and International Risk Management at CERAM. A graduate himself from CERAM, he holds a Doctorate in Economics from Aix-Marseille University, and his areas of expertise include emerging markets and international economics.

Acknowledgments.

Foreword by Campbell R. Harvey

1 Introduction.

2 An Overview of Country Risk .

3 The Economic and Financial Foundations of Country Risk Assessment .

4 Country Risk Assessment Methodologies: The Qualitative, Structural Approach to Country Risk.

5 Assessment Methodologies: Ratings.

6 Econometric and Mathematical Methods.

7 Risk Models.

8 International Portfolio Investment Analysis.

9 Financial Crises in Emerging Market Countries: An Historical Perspective.

10 Country Risk and Risk Mitigation Instruments.

11 Country Risk Assessment: A Matter of Information and Intelligence Gathering.

Glossary.

Index