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dc.contributor.authorJadresic, Esteban
dc.contributor.authorSelaive, Jorge
dc.descriptionFloating 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.
dc.format.extentSección o Parte de un Documento
dc.format.mediump. 253-288
dc.publisherBanco Central de Chile
dc.relation.ispartofSeries on Central Banking, Analysis, and Economic Policies, no. 10
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 Chile*
dc.subjectTIPO DE CAMBIOes_ES
dc.titleIs the foreign exchange derivatives market effective and efficient in reducing currency risk?

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Attribution-NonCommercial-NoDerivs 3.0 Chile
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivs 3.0 Chile