Is the foreign exchange derivatives market effective and efficient in reducing currency risk?

dc.contributor.author	Jadresic, Esteban
dc.contributor.author	Selaive, Jorge
dc.date.accessioned	2019-11-01T00:03:09Z
dc.date.available	2019-11-01T00:03:09Z
dc.date.issued	2006
dc.identifier.isbn	956-7421-23-4
dc.identifier.uri	https://hdl.handle.net/20.500.12580/3712
dc.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.
dc.format	.pdf
dc.format.extent	Sección o Parte de un Documento
dc.format.medium	p. 253-288
dc.language.iso	eng
dc.publisher	Banco Central de Chile
dc.relation.ispartof	Series on Central Banking, Analysis, and Economic Policies, no. 10
dc.rights	Attribution-NonCommercial-NoDerivs 3.0 Chile	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/3.0/cl/	*
dc.subject	TIPO DE CAMBIO	es_ES
dc.title	Is the foreign exchange derivatives market effective and efficient in reducing currency risk?
dc.type.doc	Artículo
dc.file.name	BCCh-sbc-v10-p253_288

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