Förlagets beskrivning
The devastating impacts of the Asian financial crisis of 1997-98 serve as
only the most recent reminder that all liberalised financial markets critically
depend on regulatory frameworks that incorporate sound risk-management
principles. An international market for greenhouse gas emissions rights will be
no exception. Risky Business identifies three risk-management principles as
particularly pertinent to this emerging market: establishing transparency and
disclosure rules; properly sequencing regulatory policies (so safeguards are in
place before large-scale international capital flows begin); and avoiding
perverse incentives that result in excessive risk taking. The report also
offers recommendations to facilitate their implementation, such as imposing a
pre-trading eligibility screening on all countries and establishing a liability
rule that properly aligns risks. This report identifies three risk-management principles as particularly
pertinent to greenhouse gas emissions rights: establishing transparency and
disclosure rules; properly sequencing regulatory policies; and avoiding
perverse incentives that result in excessive risk taking.
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Risky Business: Lessons in Risk Management for an International Greenhouse Gas Emissions Market
Bokrecensioner » Risky Business: Lessons in Risk Management for an International Greenhouse Gas Emissions Market : Climate Notes
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