MODELLING THE RISK OF DEFAULT ON FOREIGN ECONOMIC CONTRACTS

Abstract

In this article, you can read about the usage of a model for evaluation of the risk of non-payments for foreign economic contracts based on the law of exponential distribution. Approbation of this model revealed that timely evaluation of risks of non-payments to counterparties for foreign economic contracts provides successful work and development of the business. It also helps to decrease the negative impact of risks on the business' economy.

Keywords

• model, non-payment, risk, possibility, foreign economic activity.