Globalisation and the unpredictability of crisis episodes: An empirical analysis of country risk indexes
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| Natura: | Artículo científico |
| Lingua: | en |
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Academia Europea de Dirección y Economía de la Empresa
2012
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| _version_ | 1876435593794158592 |
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| author | Nerea San-Martín-Albizuri |
| author_facet | Nerea San-Martín-Albizuri |
| contents | Globalisation and the unpredictability of crisis episodes: An empirical analysis of country risk indexes Nerea San-Martín-Albizuri Arturo Rodríguez-Castellanos Administración y Contabilidad Country risk indexes Representative variables Financial crises forecast Globalisation and uncertainty The ongoing globalisation process has not put an end to international financial crises. On the contrary, it seems to have contributed to their appearance and to accentuating their degrees of un predictability. In this context, the main objective of the present study is to establish whether the values of the best-known and most widely used country risk indexes, namely, the Euromoney index and the International Country Risk Group (ICRG), and the values of their representative variables could have forecasted well in advance the crises that took place between 1994 and 2002, a period which is herein termed the 'globalisation era'. The results show that, although the selected indexes and their representative variables were able to identify certain vulnerabilities, they could not accurately identify the political, economic, and/or financial factors that developed prior to these crisis episodes. 2012 artículo científico 1135-2523 https://www.redalyc.org/articulo.oa?id=274124903005 en http://www.redalyc.org/revista.oa?id=2741 Investigaciones Europeas de Dirección y Economía de la Empresa application/pdf Academia Europea de Dirección y Economía de la Empresa Investigaciones Europeas de Dirección y Economía de la Empresa (España) Num.2 Vol.18 |
| format | Artículo científico |
| id | redalyc_274124903005 |
| institution | Redalyc |
| language | en |
| publishDate | 2012 |
| publisher | Academia Europea de Dirección y Economía de la Empresa |
| spellingShingle | Globalisation and the unpredictability of crisis episodes: An empirical analysis of country risk indexes Nerea San-Martín-Albizuri Administración y Contabilidad Country risk indexes Representative variables Financial crises forecast Globalisation and uncertainty Globalisation and the unpredictability of crisis episodes: An empirical analysis of country risk indexes Nerea San-Martín-Albizuri Arturo Rodríguez-Castellanos Administración y Contabilidad Country risk indexes Representative variables Financial crises forecast Globalisation and uncertainty The ongoing globalisation process has not put an end to international financial crises. On the contrary, it seems to have contributed to their appearance and to accentuating their degrees of un predictability. In this context, the main objective of the present study is to establish whether the values of the best-known and most widely used country risk indexes, namely, the Euromoney index and the International Country Risk Group (ICRG), and the values of their representative variables could have forecasted well in advance the crises that took place between 1994 and 2002, a period which is herein termed the 'globalisation era'. The results show that, although the selected indexes and their representative variables were able to identify certain vulnerabilities, they could not accurately identify the political, economic, and/or financial factors that developed prior to these crisis episodes. 2012 artículo científico 1135-2523 https://www.redalyc.org/articulo.oa?id=274124903005 en http://www.redalyc.org/revista.oa?id=2741 Investigaciones Europeas de Dirección y Economía de la Empresa application/pdf Academia Europea de Dirección y Economía de la Empresa Investigaciones Europeas de Dirección y Economía de la Empresa (España) Num.2 Vol.18 |
| title | Globalisation and the unpredictability of crisis episodes: An empirical analysis of country risk indexes |
| topic | Administración y Contabilidad Country risk indexes Representative variables Financial crises forecast Globalisation and uncertainty |
| url | https://www.redalyc.org/articulo.oa?id=274124903005 |