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International Bank Lending & Country Risk
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International Bank Lending & Country Risk

Book Details

Format Hardback or Cased Book
ISBN-10 1560721715
ISBN-13 9781560721710
Publisher Nova Science Publishers Inc
Imprint Nova Science Publishers Inc
Country of Manufacture US
Country of Publication GB
Publication Date Jan 1st, 1995
Print length 167 Pages
Weight 440 grams
Dimensions 24.40 x 16.20 x 1.50 cms
Product Classification: International financeBanking
Ksh 19,250.00
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This book focuses on borrower default. A probit model is used to estimate the probability of default/rescheduling. In most studies of country risk, political factors are omitted due to data inadequacies and difficulties involved in quantifying a number of qualitative variables. The probit model used in this book incorporates political variables, such as the level of democracy and political instability, in assessing country risk. The model also includes all the relevant economic variables. The empirical results suggest that the level of democracy and political instability are important determinants of country risk.

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