Country Risk Analysis:
For Tactical Global Asset Allocation

Index

Expected Returns and Volatility in 135 Markets: Background

Performance, Volatility in 47 Countries with Equity Markets

Predicting Returns: Econometric Estimation

Hitting Times: Break-Even and Doubling for 135 Countries

Forecasting Volatility in 47 Countries with Equity Markets

Credit Risk and Political Risk: A Comparison

Expected Returns vs. Beta: Graphic

Expected Returns vs. Volatility: Graphic:

Forecasted Returns: Three Models: Graphic

Forecasted Returns: Split Developing/Developed Sample: Graphic