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: (1) A review of country risk definitions and an
overview of the most recent tools in country risk management, (2)
In-depth analysis of statistical, econometric and non-parametric
classification techniques, (3) Several real-world applications of the
methodologies described throughout the text, (4) 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.