This paper aims to examine the impact of the COVID-19 pandemic on the country risk in Egypt and the Uk in parallel with control variables; nominal effective exchange rate, and inflation rate. The vector error correction model (VECM) is used to examine both the short and long-term relationships between the variables over the period starting from February 2020 until June 2021. The study employs government bond spread yield as a proxy for country risk measures. For Egypt Model, the empirical findings showed that there is no long-run significant relationship between the covid-19, the exchange rate, and the country risk in Egypt, although there is a short-run relationship between the exchange rate and country risk. On the other hand, for UK model, the study discovers a long-run significant relationship between the covid-19, the exchange rate, the inflation rate, and the country’s risk. Whereas, In the short term, there is a relationship between inflation rate and country risk, but there is none between covid-19, exchange rate, and country risk.
Ramadan, Rania, & barakat, hanan. (2022). The Impact of COVID-19 pandemic on country risk: An Empirical Evidence from Egypt Vs. UK. المجلة العربية للإدارة, (), -. doi: 10.21608/aja.2022.152608.1295
MLA
Rania Ramadan; hanan barakat. "The Impact of COVID-19 pandemic on country risk: An Empirical Evidence from Egypt Vs. UK". المجلة العربية للإدارة, , , 2022, -. doi: 10.21608/aja.2022.152608.1295
HARVARD
Ramadan, Rania, barakat, hanan. (2022). 'The Impact of COVID-19 pandemic on country risk: An Empirical Evidence from Egypt Vs. UK', المجلة العربية للإدارة, (), pp. -. doi: 10.21608/aja.2022.152608.1295
VANCOUVER
Ramadan, Rania, barakat, hanan. The Impact of COVID-19 pandemic on country risk: An Empirical Evidence from Egypt Vs. UK. المجلة العربية للإدارة, 2022; (): -. doi: 10.21608/aja.2022.152608.1295
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