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Country Risk Evaluation : Methods and Applications - Kyriaki Kosmidou

Country Risk Evaluation

Methods and Applications

Hardcover Published: 1st September 2008
ISBN: 9780387766799
Number Of Pages: 120

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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.

Industry Reviews

From the reviews:

"This book reviews the existing research in country risk analysis and presents several modeling methods. ... this book is mostly for academic researchers, but non-academics in relevant fields could also benefit." (Youngna Choi, Mathematical Reviews, Issue 2009 g)

Prefacep. vii
Introductionp. 1
Statistical Approaches in the Assessment of Country Riskp. 2
Debt Reschedulingsp. 2
Political Factorsp. 7
Alternative Views in the Assessment of Country Riskp. 10
Sovereign Credit Ratingsp. 12
Important Issues in Statistical Country Risk Analysisp. 14
Multicriteria Analysis in the Assessment of Country Riskp. 15
Review of Methodologiesp. 19
The UTADIS Methodp. 19
Criteria Aggregation Modelp. 19
Model Development Processp. 23
Model Development Issuesp. 31
The Multigroup Hierarchical Discrimination Method (MHDIS)p. 33
Outline and Main Characteristicsp. 33
The Hierarchical Discrimination Processp. 34
Estimation of Utility Functionsp. 37
Model Extrapolationp. 43
Statistical and Econometric Techniquesp. 43
Discriminant Analysisp. 44
Logit and Probit Analysisp. 47
Non-parametric Techniquesp. 49
Neural Networksp. 49
Rule Induction and Decision Treesp. 52
Fuzzy Set Theoryp. 54
Rough Setsp. 56
Miscellaneous Techniquesp. 60
Applicationsp. 63
The Study of Zopounidis and Doumpos (1997)p. 63
Data Set Descriptionp. 63
Presentation of Resultsp. 66
The Study of Doumpos and Zopounidis (2000)p. 73
Data Set Descriptionp. 74
Illustration of MHDIS on the Complete Samplep. 75
Validation Testsp. 77
The Study of Doumpos and Zopounidis (2002)p. 79
Presentation of Resultsp. 82
Comparative Analysis with Other Approachesp. 85
The Study of Gjonca, Doumpos, Baourakis, and Zopounidis (2004)p. 87
Data Set Descriptionp. 87
Presentation of Resultsp. 89
The Study of Doumpos, Kosmidou, and Zopounidis (2004)p. 95
Data Set Descriptionp. 95
Presentation of Resultsp. 95
Conclusionsp. 105
Referencesp. 107
Indexp. 115
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9780387766799
ISBN-10: 0387766790
Series: Springer Optimization and Its Applications
Audience: General
Format: Hardcover
Language: English
Number Of Pages: 120
Published: 1st September 2008
Publisher: Springer-Verlag New York Inc.
Country of Publication: US
Dimensions (cm): 23.62 x 15.49  x 1.02
Weight (kg): 0.32

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