The Hydra of Financial Exposure

Dimitris N. Chorafas

Chapter 9 in Financial Cycles, 2015, pp 175-193 from Palgrave Macmillan

Abstract: Abstract All financial transactions have risks attached to them, including the conventional, widely used instruments like equities, bonds, and mutual funds. The debtor can get into difficulties and be unable or even unwilling to pay. This is the common credit risk and associated default risk. There is as well market risk and country risk, which can arise if a country restricts securities trading, or is itself unable to confront its obligations.

Keywords: Credit Risk; Market Risk; Financial Cycle; Credit Institution; Nonperforming Loan (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49798-7_9

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DOI: 10.1057/9781137497987_9

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