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Author:Nowak, P. J.
Petty, C.
Title:Stages of integration valuation model
Journal:Slovenska ekonomska revija
1994 : VOL. 45:6, p. 536-549
Index terms:
Freeterms:Slovenia, post-socialist countries,
investments, country risk, evaluation,
models, methods, theory
Language:eng
Abstract:This paper addreses the need for methods to evaluate investment alternatives in countries developing market economies.Such evaluation requires a framework for risk comparison across countries.We describe a Stages of Integration Model which provides such a framework.The Stages of Integration Model compares the interest rate trend in a particular country to an international baseline of developed market economies.From these comparisons, we determine a risk premium for a given country.The development of the model and an example of its application are described.
SCIMA record nr: 145602
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