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

We analyse how short termism, dollarization and foreign jurisdictions are ways of coping with systemic risks prevalent in emerging economies. These are symptoms at least as much as problems. We conclude first that under high systemic risks, the market equilibrium settles in favour of investor protec...

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Bibliographic Details
Main Authors: de la Torre, Augusto, Schmukler, Sergio L.
Format: Journal Article
Language:en_US
Published: Wiley 2013
Subjects:
Online Access:http://hdl.handle.net/10986/16216