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Taking Stock of Risk Management Techniques for Sovereigns [electronic resource] Claessens, Stijn

Author/Creator:
Claessens, Stijn
Publication:
Washington, D.C., The World Bank, 2005
Format/Description:
Government document
Book
1 online resource
Series:
Policy research working papers.
World Bank e-Library.
Status/Location:
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Other Title:
World Bank working papers.
System Details:
Mode of access: World Wide Web.
Summary:
This paper reviews the current state of affairs and thinking on external risk management for developing countries. It 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 international financial markets by developing countries arising from low creditworthiness, a limited supply of financial risk management tools suited to developing countries, and a poor supply of skills have inhibited risk management. Another constraint has been the limited attention given to the strategic objectives for risk management. Going forward, the paper identifies actions by international financial markets, countries and international financial institutions that can help improve risk management.
Notes:
Description based on print version record.
Contributor:
Claessens, Stijn
World Bank.
Other format:
Print version: Claessens, Stijn. Taking Stock of Risk Management Techniques for Sovereigns.
Publisher Number:
10.1596/1813-9450-3570
Access Restriction:
Restricted for use by site license.