Sovereign Risk Analysis/ Country Risk Analysis A Checklist by Antony Mueller The Continental Economics Institute

General economic policy Does the government have an integrative view of its economic policy or does it practice ad hoc interventionism? Does the government have an integrative view of its economic policy or does it practice ad hoc interventionism? Is there coherency in government measures Is there coherency in government measures Are government measures directed at wealth creation? Are government measures directed at wealth creation? Is there constancy and reliability in government measures? Is there constancy and reliability in government measures?

Markets Is there a predominance of competitive markets? Is there a predominance of competitive markets? Is there freedom for entrepreneurial activities and innovation? Is there freedom for entrepreneurial activities and innovation? Is economic and interventionist government action limited? Is economic and interventionist government action limited? Are markets open to international competition? Are markets open to international competition?

Macroeconomic Policy How high is the degree of monetary stability? How high is the degree of monetary stability? How high is the degree of financial system flexibility? How high is the degree of financial system flexibility? Is government monetary funding limited? Is government monetary funding limited? Is there moderation in demand management policies? Is there moderation in demand management policies? Are there stable fiscal conditions and a low tax burden? Are there stable fiscal conditions and a low tax burden?

Governance Is the political process transparent Is the political process transparent Is corruption kept under control? Is corruption kept under control? Are there orderly procedures of “voice”? Are there orderly procedures of “voice”? Is the way to private wealth creation open to individuals or are they limited by social prejudice, discrimination or other restrictions? Is the way to private wealth creation open to individuals or are they limited by social prejudice, discrimination or other restrictions? Are government expenditures applied efficiently? Are government expenditures applied efficiently?