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.

Taxonomy

Capital markets , Economic sectors , Financial institutions and markets , Public sector

More publications in this series: Working Papers

More publications by: Nicolas R Blancher ; François Haas ; John Kiff ; Oksana Khadarina ; Paul S Mills ; Parmeshwar Ramlogan ; William Lee ; Yoon Sook Kim ; Todd Groome ; Shinobu Nakagawa