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
Format: Policy Research Working Paper
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

Internet

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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