The Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks [electronic resource] / Nicolas R Blancher.
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TextSeries: IMF Working Papers; Working Paper ; No. 06/217Publication details: Washington, D.C. : International Monetary Fund, 2006Description: 1 online resource (49 p.)ISBN: 1451864779 :ISSN: 1018-5941Subject(s): Financial Institutions and Services: General | Financial Institutions and Services: Government Policy and Regulation | General Financial Markets: Government Policy and Regulation | Health Care | Insurance Mark | United Kingdom | United StatesAdditional physical formats: Print Version:: The Limits of Market-Based Risk Transfer and Implications for Managing Systemic RisksOnline resources: IMF e-Library | IMF Book Store Abstract: The paper discusses the limits to market-based risk transfer in the financial system and the implications for the management of systemic long-term financial risks. Financial instruments or markets to transfer and better manage these risks across institutions and sectors are, as yet, either nascent or nonexistent. As such, the paper investigates why these markets remain "incomplete." It also explores a range of options by which policymakers may encourage the development of these markets as part of governments' role as a risk manager.
The paper discusses the limits to market-based risk transfer in the financial system and the implications for the management of systemic long-term financial risks. Financial instruments or markets to transfer and better manage these risks across institutions and sectors are, as yet, either nascent or nonexistent. As such, the paper investigates why these markets remain "incomplete." It also explores a range of options by which policymakers may encourage the development of these markets as part of governments' role as a risk manager.
Description based on print version record.
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