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    STUDIA OECONOMICA - Issue no. 1 / 2004  

Authors:  ADINA RUS.
  Abstract:  Country risk generally is integrated with credit risk management under the responsibility of a senior executive or senior management group. Transfer risk, considered a significant risk, is incorporated usually into country risk (i.e., there are generally no separate limits for transfer risk). This paper tries to emphasise the role of country risk either is connected to sovereignty risk or to transfer risk.  
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