About this specialisation

Country risk is an emerging, interdisciplinary area of research with a variety of applications. It facilitates understanding of how societies’ economies, their financial systems and political apparatus interact to render an economy at risk for some form of crisis or regime change. Country risk is complex phenomenon with multiple facets, and is becoming increasingly important for financial market participants and government policy makers. Financial market participants, for instance, need indicators that signal the strength of the economy’s performance and resilience of its financial system, whereas policymakers need operational definitions of financial stability and resilience and methods of assessing them.

The country risk assessment specialisation fills an important lacuna by providing students with the current state of thinking and the art of evaluating the riskiness of country for an abrupt change in its economic, financial and political conditions and the associated social outcomes.