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Financial Instruments. Nature and Extent of Risks

Gudan Paulina () and Oprea Margareta ()
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Gudan Paulina: “Valahia” University of Târgoviste
Oprea Margareta: “Rosiori de Vede” Economical-Administrative High School

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, pages 900-902

Abstract: Disclosure is an effective mechanism to expose financial risk management practices to market discipline. Disclosure should be sufficiently comprehensive to meet the needs of users within the constraints of what can reasonably be required. Improved transparency through better disclosure may reduce the chances of a systemic financial crisis or the effects of contagion because creditors and other market participants will be better able to distinguish between the financial circumstances that face different institutions or countries.

Keywords: financial risk; financial position; accounting standards (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2011
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Ovidius University Annals, Economic Sciences Series is edited by Spatariu Cerasela

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