Accueil > Country risks analysis

KEBU 2050A - Country Risks Analysis

Type d'enseignement : Seminar

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

None

Course Description

Country risk assessment is absolutely critical to International Business. The purpose of this 12-session course is to provide students with: - A better apprehension about the perimeter of Country Risk among other risks involved in cross-border transactions; - A basic know-how in Sovereign Risk Analysis as undertaken by international Rating Agencies; - The crucial distinction to be made between "Sovereign Risks" and "Investment Risks" as involved in Foreign Direct Investments-FDI or Project Finance-PPP operations; - The relevance of "Political Risk" Insurance and of co-financing by Multilateral Funds to mitigate some country risks.

Teachers

TERRIER, Jean-Louis (President, Credit Risk International)

Pedagogical format

The number of students hinders real interactive pedagogy. However, students will be systematically provided with slide presentations and suggested short readings prior to each course. Three sessions will be given by other professionals in risk management.

Course validation

30%: Mid-term exam in class (multiple choice question). 30%: Final exam in class (multiple choice question). 40%: The writing of a 5-page Country Risk Note for the Executive Committee of your company.

Workload

Twelve 2-hour lectures (24h). 4 credits.

Required reading

  • "Country Risk Assessment” by M-H Bouchet, E. Clark and B. Groslambert, Willey Finance (2003)
  • “The Fat Tail - The Power of Political Knowledge in an Uncertain World”, By Ian Bremmer and Preston Keat, Oxford U. Press (2010)
  • “Risk Rules - How Local Politics Threaten the Global Economy”, By Marvin Zonis, Dan Lefkovitz, B2Books-Agate (2011)
  • “Risk Intelligence – How to Live with Uncertainty”, By Dylan Evans, Free Press (2012)

Additional required reading

  • "Managing Country Risk - A Practitioner's Guide”, By Daniel Wagner (CRC Press - 2012)
  • Strongly recommended supplementary readings:
  • "The Black Swan - The Impact of the Highly Improbable” by Nassim Nicholas Taleb, Random House paperback (2011)
  • “The Globalization Paradox - Democracy and the Future of the World Economy” by Dani Rodrik, Norton & Co (2011)
  • “This Time is Different - Eight Centuries of Financial Folly” by C. Reinhart and K. Rogoff, Priceton U. Press (2011)
  • “Crisis Economics – A Crash Course in the Future of Finance”, by Nouriel Roubini and Stephen Mihm, Penguin -2010)
  • "The Zero Marginal Cost Society” by Jeremy Rifkin, St Martin's Griffin, 2014