limits of market-based risk transfer and implications for managing system risks
By: prepared by Todd Groome ... [et al.].
Contributors: Groome, W. Todd.; International Monetary Fund. International Capital Markets Dept.
Series: IMF working paper -- WP/06/217
Publisher: International Monetary Fund, International Capital Markets Dept.
Published: 2006
Place of publication: Washington, D.C
Language: eng
Number of pages: 48
Subjects: Finance -- Risk management.; Financial institutions -- Risk management.; Risk management -- Government policy.
Description: 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.
Notes: Caption title.

"October 2006."

Includes bibliographical references (p. 43-48).

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