Special Issue "Political Risk in Financial Markets"

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Risk".

Deadline for manuscript submissions: 1 September 2021.

Special Issue Editor

Dr. Vanja Piljak
Website
Guest Editor
University of Vaasa, School of Accounting and Finance, P.O. Box 700, 65101 Vaasa, Finland
Interests: emerging markets; frontier markets; political risk; country risk; financial integration; financial development

Special Issue Information

Dear Colleagues,

The topic of political risk and uncertainty is becoming increasingly important in the context of international financial markets. The concept of political risk encompasses many facets, such as political leadership, quality of bureaucracy, corruption in government, law and order tradition, and military in politics, among others. The political risk was traditionally considered as a country-specific characteristic of emerging markets, but due to increased liberalization, globalization, and integration of financial markets, it has become a relevant issue for all international investors, especially in terms of portfolio management. Furthermore, geopolitical risk has received significant attention from investors in the last two decades, following increasing geopolitical uncertainty associated with terroristic attacks, wars, and tensions between states.

This Special Issue focuses on the broader theme of “Political Risk in Financial Markets” and aims to include novel research on the impact of political risk, geopolitical risk, and country risk on the financial markets. Papers will be considered for inclusion in the following topic areas (but not be limited to only those topics):

  • Political risk and stock pricing;
  • Political uncertainty;
  • Geopolitical risk in financial markets;
  • Impact of international political crises on financial integration;
  • Role of political risk in government bond markets;
  • Political risk in emerging financial markets;
  • Hedging geopolitical risk.

Dr. Vanja Piljak
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • political risk
  • geopolitical risk
  • country risk
  • political uncertainty
  • international financial markets
  • international political crises
  • financial stability
  • emerging markets
  • hedging
  • asset management
  • risk premium
  • portfolio diversification

Published Papers (1 paper)

Order results
Result details
Select all
Export citation of selected articles as:

Research

Open AccessArticle
Different Measures of Country Risk: An Application to European Countries
J. Risk Financial Manag. 2021, 14(1), 19; https://doi.org/10.3390/jrfm14010019 - 04 Jan 2021
Abstract
Country Risk (CR) is a relevant instrument to analyze and understand economic performances and relationships between different countries in the actual economic and political international globalized context. The present work develops indexes for the European Union countries by applying three different methods in [...] Read more.
Country Risk (CR) is a relevant instrument to analyze and understand economic performances and relationships between different countries in the actual economic and political international globalized context. The present work develops indexes for the European Union countries by applying three different methods in the field of formative approach. Our aim is to show how robust CR measurements can be developed by operational and easily computable methods. We identify a set of significant variables included in the reference literature. Then, we propose three simple aggregative processes in order to obtain CR measures, at a precise time and over time. As a result, if we compare the outcomes, similar CR rankings emerge. In other words, there are no relevant differences in results also due to different methods of applications. The findings demonstrate that the choice of the aggregation method depends on the willingness of the researcher to baste the analysis with or without weighing and, therefore, on the semantic content that is assigned to the entire research structure. Each analysis should follow a disinterested theoretical–methodological consistency, knowing that the choice of a particular indexing process in the field of aggregation does not significantly alter the nature of the results compared to what would result by applying a different method. Full article
(This article belongs to the Special Issue Political Risk in Financial Markets)
Show Figures

Figure 1

Back to TopTop