The Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks

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 o...

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Bibliographic Details
Main Author: Blancher, Nicolas
Other Authors: Haas, François, Khadarina, Oksana, Kiff, John
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2006
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a The Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks  |c Nicolas Blancher, François Haas, John Kiff, Oksana Khadarina, Paul Mills, Parmeshwar Ramlogan, William Lee, Yoon Sook Kim, Todd Groome, Shinobu Nakagawa 
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300 |a 49 pages 
651 4 |a United States 
653 |a Finance 
653 |a Public finance & taxation 
653 |a Industries: Financial Services 
653 |a Health care 
653 |a Capital and Ownership Structure 
653 |a Financial risk management 
653 |a Goodwill 
653 |a Health Policy 
653 |a Financial Risk and Risk Management 
653 |a Actuarial Studies 
653 |a Financing Policy 
653 |a Insurance 
653 |a Insurance companies 
653 |a Institutional Investors 
653 |a Analysis of Health Care Markets 
653 |a Pension Funds 
653 |a National Government Expenditures and Health 
653 |a Health care spending 
653 |a Financial Instruments 
653 |a Value of Firms 
653 |a Non-bank Financial Institutions 
653 |a Market risk 
653 |a Banks and Banking 
653 |a Health systems & services 
653 |a Expenditures, Public 
653 |a Public Finance 
653 |a Financial services law & regulation 
653 |a Insurance Companies 
653 |a Insurance & actuarial studies 
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700 1 |a Khadarina, Oksana 
700 1 |a Kiff, John 
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520 |a 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