Is the foreign exchange derivatives market effective and efficient in reducing currency risk?
Floating foreign exchange rates have gained increased support as a preferred system for reducing the vulnerability of emerging markets to external shocks. The volatility associated with floating exchange rates, however, exposes economic agents to the risk of changes in the valuation of the financial...
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Banco Central de Chile
2019
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oai-20.500.12580-37122021-04-24T10:31:32Z Is the foreign exchange derivatives market effective and efficient in reducing currency risk? Jadresic, Esteban Selaive, Jorge TIPO DE CAMBIO Floating foreign exchange rates have gained increased support as a preferred system for reducing the vulnerability of emerging markets to external shocks. The volatility associated with floating exchange rates, however, exposes economic agents to the risk of changes in the valuation of the financial assets and liabilities in their balance sheet, as well as in their stream of current and expected cash flows. Since derivatives provide agents with tools to insure against risk, the development of the foreign exchange derivatives markets would appear to be a key complement to a successful floating exchange rate system. 2019-11-01T00:03:09Z 2019-11-01T00:03:09Z 2006 Artículo 956-7421-23-4 https://hdl.handle.net/20.500.12580/3712 eng Series on Central Banking, Analysis, and Economic Policies, no. 10 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 253-288 application/pdf Banco Central de Chile |
| institution |
Banco Central |
| collection |
Banco Central |
| language |
eng |
| topic |
TIPO DE CAMBIO |
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TIPO DE CAMBIO Jadresic, Esteban Selaive, Jorge Is the foreign exchange derivatives market effective and efficient in reducing currency risk? |
| description |
Floating foreign exchange rates have gained increased support as a preferred system for reducing the vulnerability of emerging markets to external shocks. The volatility associated with floating exchange rates, however, exposes economic agents to the risk of changes in the valuation of the financial assets and liabilities in their balance sheet, as well as in their stream of current and expected cash flows. Since derivatives provide agents with tools to insure against risk, the development of the foreign exchange derivatives markets would appear to be a key complement to a successful floating exchange rate system. |
| format |
Artículo |
| author |
Jadresic, Esteban Selaive, Jorge |
| author_facet |
Jadresic, Esteban Selaive, Jorge |
| author_sort |
Jadresic, Esteban |
| title |
Is the foreign exchange derivatives market effective and efficient in reducing currency risk? |
| title_short |
Is the foreign exchange derivatives market effective and efficient in reducing currency risk? |
| title_full |
Is the foreign exchange derivatives market effective and efficient in reducing currency risk? |
| title_fullStr |
Is the foreign exchange derivatives market effective and efficient in reducing currency risk? |
| title_full_unstemmed |
Is the foreign exchange derivatives market effective and efficient in reducing currency risk? |
| title_sort |
is the foreign exchange derivatives market effective and efficient in reducing currency risk? |
| publisher |
Banco Central de Chile |
| publishDate |
2019 |
| url |
https://hdl.handle.net/20.500.12580/3712 |
| work_keys_str_mv |
AT jadresicesteban istheforeignexchangederivativesmarketeffectiveandefficientinreducingcurrencyrisk AT selaivejorge istheforeignexchangederivativesmarketeffectiveandefficientinreducingcurrencyrisk |
| _version_ |
1718347069004972032 |