Which one of the following historical events made country risk analysis an important part of international banking?

Question

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The 1980 debt crisis, which affected many Latin American countries, made country risk analysis an important part of international banking as it highlighted the need for banks to carefully assess a country's economic and political situation before lending money. This crisis led to the creation of country risk departments in banks, which analyze a country's risk factors such as political instability, exchange rate risk, and sovereign debt rating before extending loans.

Which One of the Following Historical Events Made Country Risk