THEORETICAL ASPECTS OF MANAGING COUNTRY RISK
https://doi.org/10.21686/2413-2829-2016-2-38-44
Abstract
In present economic conditions the issue of global cash flows on world markets becomes more and more important for global economy, which makes the problem of managing finance risks very topical. Country risk is characterized by a tangle of numerable finance-economic and socio-political variables. The article shows advanced international approaches to estimation of country risk and causes of its arising. The author provides definitions of aleotoric and epistemological risk which improves understanding of risk essence. Political stability is shown as an important element of managing country risk. The author offers recommendations for arranging the efficient management of country risk.
About the Author
David I. Filippov
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
PhD, Assistant Professor of the Department for Banking of the PRUE
36 Stremyanny Lane, Moscow, 117997, Russian Federation
References
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Review
For citations:
Filippov D.I. THEORETICAL ASPECTS OF MANAGING COUNTRY RISK. Vestnik of the Plekhanov Russian University of Economics. 2016;(2):38-44. (In Russ.) https://doi.org/10.21686/2413-2829-2016-2-38-44
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