1.

Record Nr.

UNINA9910826875203321

Autore

Blancher Nicolas

Titolo

The Limits of Market-Based Risk Transfer and Implications for Managing Systemic Risks / / Nicolas Blancher, François Haas, John Kiff, Oksana Khadarina, Paul Mills, Parmeshwar Ramlogan, William Lee, Yoon Sook Kim, Todd Groome, Shinobu Nakagawa

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

1-4623-9923-1

1-4527-7334-3

1-283-51519-9

9786613827647

1-4519-0930-6

Edizione

[1st ed.]

Descrizione fisica

1 online resource (50 p.)

Collana

IMF Working Papers

Altri autori (Persone)

HaasFrançois

KiffJohn

KhadarinaOksana

MillsPaul

RamloganParmeshwar

LeeWilliam

Soggetti

Finance - Risk management

Financial institutions - Risk management

Insurance - State supervision

Risk management - Government policy

Banks and Banking

Insurance

Public Finance

Industries: Financial Services

Health Policy

Pension Funds

Non-bank Financial Institutions

Financial Instruments

Institutional Investors

Insurance Companies

Actuarial Studies

Financing Policy

Financial Risk and Risk Management

Capital and Ownership Structure

Value of Firms



Goodwill

National Government Expenditures and Health

Analysis of Health Care Markets

Finance

Insurance & actuarial studies

Financial services law & regulation

Public finance & taxation

Health systems & services

Insurance companies

Market risk

Health care spending

Health care

Financial risk management

Expenditures, Public

Medical care

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"September 2006".

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Contents""; ""Executive Summary""; ""I. INTRODUCTION""; ""II. LONG- TERM SYSTEMIC RISKS""; ""III. INNOVATIONS IN RISK TRANSFER MARKETS""; ""IV. INCOMPLETE MARKETS""; ""V. POLICY CONSIDERATIONS""; ""VI. CONCLUSIONS""; ""References""

Sommario/riassunto

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.