Abstract
The economic history is full of errors in country risk analysis, the Russian bonds were issued before the revolution of 1917 (PBS) in 1996 it was the East Asian Miracle and in 1997, the Asian financial crisis (Indonesia - PBS)Thailand. LTCM is a private fund with a Nobel prize which went bankrupted in 1998 –(PBS). Argentina in the 1990s had the model of student of the IMF.
Objective of this course is to understand the importance of country risk analysis. Internationalization of the economies is a structural trend, Americans drive cars made in Germany, use VCR's made in Japan and wear clothing made in China. Japanese watch American movies, Egyptians drink American cola and Swedes jog in American running shoes. The world economy is more integrated than ever before.
