Author/Editor: Nicolas R Blancher, François Haas, John Kiff, Oksana Khadarina, Paul S Mills, Parmeshwar Ramlogan, William Lee, Yoon Sook Kim, Todd Groome, Shinobu Nakagawa.

Release Date:October, 2006

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 more...