Hidden Bibliographic Details
| Other authors / contributors: | International Monetary Fund. Western Hemisphere Department.
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| ISBN: | 1282013858
9781282013858
1451900902
9781451900903
1462335772
9781462335770
1452727015
9781452727011
9786613796004
661379600X
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| Notes: | Includes bibliographical references (pages 15-16).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper aims to identify appropriate option contract specifications for effective central bank exchange market intervention. Option contract specifications determine the impact of options on the underlying asset or currency, and hence their actual effect on asset price or currency volatility and are therefore key to determining the effectiveness of option-based intervention. The paper reviews the experience of the systematic option-based foreign exchange market intervention of the Central Bank of Colombia and finds that its contract has only been moderately successful at abating exchange rate volatility, which is attributed here to sub-optimal contract specifications.
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| Other form: | Print version: Mandeng, Ousmène. Central bank foreign exchange market intervention and option contract specification. Washington, D.C : International Monetary Fund, ©2003
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| Standard no.: | 10.5089/9781451900903.001
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