TY - BOOK AU - Draghi,Mario AU - Merton,Robert C. AU - Giavazzi,Francesco ED - Centre for Economic Policy Research (Great Britain). ED - International Center for Monetary and Banking Studies TI - Transparency, risk management and international financial fragility SN - 1898128685 AV - HG3891.5 .D73 2003 U1 - 332 PY - 2003///?] CY - Geneva, Switzerland, London, [England], [Washington, D.C. PB - International Center for Monetary and Banking Studies, Centre for Economic Policy Research, distributed by the Brookings Institution Press KW - Risk management KW - Loans KW - Financial statements KW - Financial instutitions KW - Deposit insurance KW - Financial crises KW - Debts, Public KW - Country risk N1 - "July 2003" -- foreword; Includes bibliographical references (p. 67-69) N2 - 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 UR - http://www.loc.gov/catdir/toc/fy051/2004445592.html ER -