Country risk: Difference between revisions
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Revision as of 14:19, 23 October 2012
The risk that a country or an entity within a country will not be able to honour its financial obligations.
Exposures can arise from - for example - interruption of business at the country level (political sovereign risk), currencies being blocked from cross-border repatriation (transfer risk) and central bank liquidity shortages preventing conversion (convertibility risk).
See also