ABSTRACT

Country risk reflects a country’s overall risk status, and it has an extremely important impact on global investment and trade between countries. This study is conducted to examine country risk analysis and assessment models. The historical stages of country risk assessment are characterized, and the development and application of country risk analysis and assessment techniques are reviewed. Country risk assessment modelling techniques developed in two major frameworks: Multi-criteria decision-making framework based on macroeconomic fundamentals and asset pricing framework based on market information. Based on our analysis, we identify current trends and research gaps, as well as relevant future research directions.

摘要

国别风险反映了一个国家的整体风险状况，对全球投资和国与国之间的贸易有着极其重要的影响。本研究旨在检验国家风险分析和评估模型。描述了国别风险评估的历史阶段，回顾了国别风险分析和评估技术的发展和应用。国家风险评估建模技术在两大框架中发展起来：基于宏观经济基本面的多标准决策框架和基于市场信息的资产定价框架。根据我们的分析，我们确定当前的趋势和研究差距，以及相关的未来研究方向。