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| Estela Sáenz, María Dolores Gadea and Marcela Sabaté |
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| ''Measuring the external risk in the United Kingdom'' |
| ( 2009, Vol. 29 No.2 ) |
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| This paper aims to describe the evolution of the external risk in the United Kingdom between 1961 and 2008. We first present a theoretical description of the risk indicator. Then, we calculate this measure for the British economy in the period of study. In general, the results reveal a very small increase of external risk. Finally, the relationship between the two dimensions of external risk: trade openness and external volatility is analysed. |
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| Keywords: trade openness, terms of trade volatility, external risk, United
Kingdom |
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
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| Manuscript Received : Apr 06 2009 | | Manuscript Accepted : May 28 2009 |
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