Coping with Risk through Mismatches : Domestic and International Financial Contracts for Emerging Economies

Coping with Risk through Mismatches : Domestic and International Financial Contracts for Emerging Economies

The authors argue that short termism, dollarization, and the use of foreign jurisdictions are endogenous ways of coping with systemic risks prevalent in emerging markets. They represent a symptom at least as much as a problem. These coping mechanis...

Full description

Bibliographic Details
Main Authors: de la Torre, Augusto, Schmukler, Sergio L.
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
SHORT TERM
DOLLARIZATION
EMERGING MARKETS
RISK
INVESTOR PROTECTION
LITIGATION ACCOUNTING
ADVERSE EFFECTS
ADVERSE SELECTION
AGENCY PROBLEMS
AGENTS
ASSETS
BALANCE SHEETS
BANK DEPOSITS
BANKRUPTCY
CAPITAL FLOWS
CAPITAL MARKETS
CAPITALIZATION
CENTRAL BANKS
CONNECTED LENDING
CONSUMER PRICE INDEX
CONTRACT ENFORCEMENT
CORPORATE GOVERNANCE
CREDIT RISK
CREDIT RISK EXPOSURE
DEBT
DEFAULT RISK
DEPOSITORS
DEPOSITS
DEVALUATION
DISCLOSURE
ECONOMIC GROWTH
ECONOMIC SIZE
ECONOMISTS
EXCHANGE RATES
EXPECTED VALUES
EXPORTS
EXTERNALITIES
FACE VALUE
FINANCIAL CONTRACTS
FINANCIAL CRISES
FINANCIAL INNOVATION
FINANCIAL INTEGRATION
FINANCIAL INTERMEDIATION
FINANCIAL MARKET LIBERALIZATION
FINANCIAL MARKETS
FINANCIAL SECTOR
FINANCIAL SYSTEMS
GDP
GLOBALIZATION
INCENTIVE PROBLEMS
INCOME
INFLATION
INFLATION RATE
INSURANCE
INSURANCE CONTRACTS
INTEREST RATE
LENDING PRACTICES
LIQUIDITY
LITIGATION
M2
MACROECONOMIC POLICY
MACROECONOMIC STABILITY
MARKET EQUILIBRIUM
MONETARY POLICY
MORAL HAZARD
NETWORK EXTERNALITIES
PORTFOLIO
PORTFOLIO DIVERSIFICATION
PRICE RISK
PRIVATE SECTOR
PROBABILITY OF DEFAULT
PUBLIC GOOD
PURCHASING POWER
REAL INTEREST RATE
REAL PRICES
REORGANIZATION
RISK ALLOCATION
RISK AVERSE
RISK REDUCTION
SAFETY NETS
SCALE ECONOMIES
SIDE EFFECTS
STATE INTERVENTION
SUBSIDIARIES
SYSTEMIC RISK
TRANSACTION COSTS
TRANSPARENCY
WEALTH
Online Access:http://documents.worldbank.org/curated/en/2004/02/3209013/coping-risk-through-mismatches-domestic-international-financial-contracts-emerging-economies
http://hdl.handle.net/10986/14788

Internet

http://documents.worldbank.org/curated/en/2004/02/3209013/coping-risk-through-mismatches-domestic-international-financial-contracts-emerging-economies
http://hdl.handle.net/10986/14788

Similar Items