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L'art de l'analyse du risque-pays : Etude empirique dans les pays émergents

Author

Listed:
  • Faouzi Boujedra

    (LEO - Laboratoire d'économie d'Orleans [2008-2011] - UO - Université d'Orléans - CNRS - Centre National de la Recherche Scientifique)

Abstract

The objective of this paper is to yield a global evaluation of country-risk and to propose a new index of severity that can be used in investment strategies within the emerging markets. Our approach provides answers to some basic questions on (1) the type of elements to be considered in a comprehensive country risk methodology; (2) the way of adjusting country risk and; (3) the type of estimations to be performed in such an analysis. Consequently, we employ a rating methodology, as well as the discriminate and logit-probit analyses in a comparative setting including 28 emerging markets between 1984 and 2003. Following Frank and Cline (1971) and Sargen (1977), we empirically identify the country risk by categories and we compute the final score.

Suggested Citation

  • Faouzi Boujedra, 2006. "L'art de l'analyse du risque-pays : Etude empirique dans les pays émergents," Working Papers halshs-00008977, HAL.
    • Handle: RePEc:hal:wpaper:halshs-00008977
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00008977
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