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حسابداری و مالی::
آنالیز ریسک کشور
Early country risk analysis by Cr�dit Lyonnais in the late 19th century
This was a blind spot in country risk analysis that was to persist for several decades.
Country risk analysis began to focus more on economic policies, especially the mismatch between domestic fiscal policy and - at that time mostly pegged - currency regimes.
These experiences brought institutional development and the sequencing of market reforms fully into country risk analysis and came to be seen as the risk of liberalisation running ahead of institution strengthening.
This recognition enables a more balanced country risk analysis to be conducted and is the basis of incorporating more external/push factors and cyclical factors in the country rating model proposed in Chapter 8.
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