Read Monetary Implications of Cross-Border Derivatives for Emerging Economies

Monetary Implications of Cross-Border Derivatives for Emerging Economies

Armando Méndez Morales

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Description:This paper surveys concepts, practices and analytical literature to assess benefits and risks for monetary stability of cross-border currency and interest rate derivative operations in calm and turbulent periods, with a view of extracting implications for emerging economies. Monetary authorities must prevent one-sided positions in the currency, favor asset substitutability, and incorporate the enriched information set provided by derivative-based transactions into monetary policy design. In some circumstances, the use of derivatives by monetary authorities may help fulfill this role. By contrast, surcharges to compensate for a downward impact of derivatives on the cost of capital appear neither advisable nor necessary.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Monetary Implications of Cross-Border Derivatives for Emerging Economies. To get started finding Monetary Implications of Cross-Border Derivatives for Emerging Economies, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 41

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2001

ISBN: 6613779245

Description: This paper surveys concepts, practices and analytical literature to assess benefits and risks for monetary stability of cross-border currency and interest rate derivative operations in calm and turbulent periods, with a view of extracting implications for emerging economies. Monetary authorities must prevent one-sided positions in the currency, favor asset substitutability, and incorporate the enriched information set provided by derivative-based transactions into monetary policy design. In some circumstances, the use of derivatives by monetary authorities may help fulfill this role. By contrast, surcharges to compensate for a downward impact of derivatives on the cost of capital appear neither advisable nor necessary.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Monetary Implications of Cross-Border Derivatives for Emerging Economies. To get started finding Monetary Implications of Cross-Border Derivatives for Emerging Economies, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Monetary Implications of Cross-Border Derivatives for Emerging Economies

Monetary Implications of Cross-Border Derivatives for Emerging Economies

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