Synopses & Reviews
Financial globalization has increased the significance of methods used in the evaluation of country risk, one of the major research topics in economics and finance. Written by experts in the fields of multicriteria methodology, credit risk assessment, operations research, and financial management, this book develops a comprehensive framework for evaluating models based on several classification techniques that emerge from different theoretical directions. This book compares different statistical and data mining techniques, noting the advantages of each method, and introduces new multicriteria methodologies that are important to country risk modeling. Key topics include: A review of country risk definitions and an overview of the most recent tools in country risk management In-depth analysis of statistical, econometric and non-parametric classification techniques Several real-world applications of the methodologies described throughout the text Future research directions for country risk assessment problems This work is a useful toolkit for economists, financial managers, bank managers, operations researchers, management scientists, and risk analysts. Moreover, the book can also be used as a supplementary text for graduate courses in finance and financial risk management.
Review
From the reviews: "This book reviews the existing research in country risk analysis and presents several modeling methods. ... this book is mostly for academic researchers, but non-academics in relevant fields could also benefit." (Youngna Choi, Mathematical Reviews, Issue 2009 g)
Review
From the reviews:
"This book reviews the existing research in country risk analysis and presents several modeling methods. ... this book is mostly for academic researchers, but non-academics in relevant fields could also benefit." (Youngna Choi, Mathematical Reviews, Issue 2009 g)
Synopsis
The financial globalization of the last decade has increased the significance of the country risk evaluation, which should be studied especially from the point of view of each country's financial institutions, banks, investors, and government.
The purpose of this book is to develop a framework of evaluation models based on many classification techniques that emerge from different theoretical directions. In the past, researchers have studied the country risk problem through methodologies that emerge from a specific field. This kind of analysis renders impossible the objective evaluation, since each methodology has its advantages and disadvantages. This book compares different statistical and data mining techniques, reveals the advantages of each method over the other, and introduces new multicriteria methodologies, which are well suited to country risk modeling.
This comprehensive work aims to inspire operations researchers, management scientists, financial managers, bank managers, economists, and risk analysts. Moreover, the book can also be used as a textbook for graduate courses in financial risk management.
Synopsis
Country risk evaluation is one of the major research topics in economics and finance. This book develops a comprehensive framework for evaluating models based on several classification techniques that emerge from different theoretical directions.
Table of Contents
Preface.- Chapter 1. Introduction.- Chapter 2. Review of Methodologies.- Chapter 3. Applications.- Chapter 4. Conclusions.- References. - Index.