Description of Cross-border Exposures and Country Risk
This new and thoroughly revised edition of Thomas Krayenbuehl's classic handbook on the assessment and monitoring of country risk confirms its reputation as the standard work on this formidably complex subject. Drawing on the author's long practical experience in the quantification and management of cross-border exposures, it is essential reading for bankers, executives of multinational companies and governmental and inter-governmental agencies in an area where inadequate risk management may entail huge and destabilising consequences.
Contents of Cross-border Exposures and Country Risk
Background and recent developments
The growth of cross-border exposure
Infrastructure 4 Domestic savings
Capital imports
General aspects
Transfer risks
Political risks
Portfolio approach
Monitoring country developments and exposures
Foreign exchange hedging
Investment protection agreements
The role of the IMF
The countries
The investor
The rating agencies
Conclusions
Outlook
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