Table 7: Panel B: Political Risk, Economic Risk, and Financial Risk

Correlation of Risk Measures

					Risk Measure Changes

	II CCR	ICRGC	ICRGP	ICRGF	ICRGE
II CCR		-0.03	0.01	0.03	-0.09
ICRGC	0.35		0.79	0.54	0.43
ICRGP	0.30	0.83		0.25	0.06
ICRGF	0.26	0.60	0.35		0.05
ICRGE	0.10	0.52	0.24	0.25

	Risk Measure Levels

Last Update: 5/28/96

Name: Campbell R. Harvey

Email: charvey@mail.duke.edu