Country risk at investing in capital markets - the case of Italy

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04130081%3A_____%2F19%3AN0000053" target="_blank" >RIV/04130081:_____/19:N0000053 - isvavai.cz</a>

Výsledek na webu

<a href="https://businessperspectives.org/journals/problems-and-perspectives-in-management/issue-318/country-risk-at-investing-in-capital-markets-the-case-of-italy" target="_blank" >https://businessperspectives.org/journals/problems-and-perspectives-in-management/issue-318/country-risk-at-investing-in-capital-markets-the-case-of-italy</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.21511/ppm.17(2).2019.34" target="_blank" >10.21511/ppm.17(2).2019.34</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Country risk at investing in capital markets - the case of Italy

Popis výsledku v původním jazyce

Given the current turbulences on the European capital markets, as well as the expectations of a new recession, it is possible to expect that the risk of individual countries and their capital markets will increase significantly. This is particularly the case of those countries, which have long-term problems with economic instability and imbalances. The basis for country risk quantification is the country credit rating and credit risk of the government bonds. The market-based methods react often differently, as their reactions to the actual market developments are more flexible. The purpose of this paper is to compare various methods of country risk measurement. The study is focused on the country risk of Italy, a country that experienced a turbulent economic development over the last two decades. The results show that the CPFER method and sovereign ratings show a similar level of country risk, while the market-based methods show a higher level of country risk.

Název v anglickém jazyce

Country risk at investing in capital markets - the case of Italy

Popis výsledku anglicky

Given the current turbulences on the European capital markets, as well as the expectations of a new recession, it is possible to expect that the risk of individual countries and their capital markets will increase significantly. This is particularly the case of those countries, which have long-term problems with economic instability and imbalances. The basis for country risk quantification is the country credit rating and credit risk of the government bonds. The market-based methods react often differently, as their reactions to the actual market developments are more flexible. The purpose of this paper is to compare various methods of country risk measurement. The study is focused on the country risk of Italy, a country that experienced a turbulent economic development over the last two decades. The results show that the CPFER method and sovereign ratings show a similar level of country risk, while the market-based methods show a higher level of country risk.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2019

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Problems and Perspectives in Management

ISSN

1727-7051

e-ISSN

—

Svazek periodika

17

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

UA - Ukrajina

Počet stran výsledku

9

Strana od-do

440-448

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85071500586