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