Transparency, risk management and international financial fragility /
Draghi, Mario.
Transparency, risk management and international financial fragility / - Geneva, Switzerland : London, [England] : [Washington, D.C. : International Center for Monetary and Banking Studies ; Centre for Economic Policy Research ; distributed by the Brookings Institution Press, 2003?]. - xx, 69 p. : - Geneva reports on the world economy 4; .
"July 2003" -- foreword
Includes bibliographical references (p. 67-69).
This paper analyses specific situations in which significant unanticipated and unintended financial risks are accumulated. It focuses, in particular, on the implicit guarantees that governments extend to banks and other financial institutions, which may result in the accumulation, often unconscious from the viewpoint of the government, of unanticipated risks in the balance sheet of the public sector. The paper also discusses how risk exposures can be measured, hedged and transferred through the use of derivatives, swap contracts, and other contractual agreements with specific reference to emerging markets.
1898128685
Risk management.
Loans
Financial statements
Financial instutitions
Deposit insurance
Financial crises
Debts, Public
Country risk
HG3891.5 / .D73 2003
332 / DRA
Transparency, risk management and international financial fragility / - Geneva, Switzerland : London, [England] : [Washington, D.C. : International Center for Monetary and Banking Studies ; Centre for Economic Policy Research ; distributed by the Brookings Institution Press, 2003?]. - xx, 69 p. : - Geneva reports on the world economy 4; .
"July 2003" -- foreword
Includes bibliographical references (p. 67-69).
This paper analyses specific situations in which significant unanticipated and unintended financial risks are accumulated. It focuses, in particular, on the implicit guarantees that governments extend to banks and other financial institutions, which may result in the accumulation, often unconscious from the viewpoint of the government, of unanticipated risks in the balance sheet of the public sector. The paper also discusses how risk exposures can be measured, hedged and transferred through the use of derivatives, swap contracts, and other contractual agreements with specific reference to emerging markets.
1898128685
Risk management.
Loans
Financial statements
Financial instutitions
Deposit insurance
Financial crises
Debts, Public
Country risk
HG3891.5 / .D73 2003
332 / DRA