Holdings: Taking Stock of Risk Management Techniques for Sovereigns

Taking Stock of Risk Management Techniques for Sovereigns

The author reviews the current state of affairs and thinking on external risk management for developing countries. He tries to identify the reasons behind the limited risk management by sovereigns. Perverse incentives arising from a too generous international safety net, limited access to internatio...

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Bibliographic Details
Main Author:	Claessens, Stijn
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTABILITY ACCOUNTING ACCOUNTING RULES ADVERSE SELECTION AGENTS BALANCE SHEET BANKING REGULATION BANKING SYSTEM BANKRUPTCY BOND MARKETS BONDS BORROWING CAPITAL FLOWS CAPITAL MARKETS COMMERCIAL BANKS COMPARATIVE ADVANTAGE CONTAGION CORPORATE GOVERNANCE COST OF CAPITAL CREDIT RISK CREDIT RISKS CURRENCY UNITS DEBT DEBT RELIEF DERIVATIVES DEVELOPED COUNTRIES DISASTERS ECONOMIC GROWTH ECONOMIC STABILITY EXCHANGE RATE FINANCIAL CONTRACTS FINANCIAL CRISES FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL MARKETS FINANCIAL RISK FOREIGN EXCHANGE FUTURES ILLIQUIDITY IMPORTS INCOME INFLATION INFORMATION ASYMMETRIES INSURANCE INTEREST RATES INTERNATIONAL BANKS INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL FINANCIAL MARKETS LENDING INSTITUTIONS LIBERALIZATION LOCAL FINANCIAL INSTITUTIONS MACROECONOMIC POLICY MARKET ECONOMIES MATURITIES MORAL HAZARD OIL OIL PRICES OPPORTUNITY COSTS PENSION FUNDS PERVERSE INCENTIVES POLICY ENVIRONMENT POLICY MAKERS POLITICAL ECONOMY PREMIUMS PRICE CHANGES PRICE INDEXES PRICE VARIATIONS PRIVATIZATION PROGRAMS PUBLIC AGENCIES REAL SECTOR RENTS RESERVES RISK ALLOCATION RISK ASSESSMENTS RISK MANAGEMENT RISK PREMIUMS RISK REDUCTION RISK SHARING SAVINGS SOCIAL SECURITY SOVEREIGN RISK STRUCTURAL ADJUSTMENT SUSTAINABILITY TERMS OF TRADE TRADEOFFS VENTURE CAPITAL WILLINGNESS TO PAY
Online Access:	http://documents.worldbank.org/curated/en/2005/04/5758486/taking-stock-risk-management-techniques-sovereigns http://hdl.handle.net/10986/8983

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http://documents.worldbank.org/curated/en/2005/04/5758486/taking-stock-risk-management-techniques-sovereigns
http://hdl.handle.net/10986/8983

Taking Stock of Risk Management Techniques for Sovereigns

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