Central bank participation in currency options markets /
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Author / Creator: | Breuer, Peter (Peter D.) |
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Imprint: | [Washington, D.C.] : International Monetary Fund, Research Department, ©1999. |
Description: | 1 online resource (40 pages) : illustrations |
Language: | English |
Series: | IMF working paper, 2227-8885 ; WP/99/140 IMF working paper ; WP/99/140. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12497056 |
Summary: | Traditional central bank foreign exchange intervention occurs in spot currency markets. Likewise, the attention of researchers has focused on spot market interventions. However, the enormous growth in derivatives products has widened the array of instruments available to central banks to achieve their monetary policy goals. Some central banks are now investigating the potential uses of derivative products. The topic first received (albeit limited) attention in the Hannoun Report (BIS, 1994), which considered the impact of recent financial innovation on the macroeconomy and monetary policy. More recently, there have been reports that several central banks have intervened in currency option markets.2 |
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Physical Description: | 1 online resource (40 pages) : illustrations |
Format: | 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. |
Bibliography: | Includes bibliographical references (pages 38-40). |
ISBN: | 1282026747 9781282026742 1451901267 9781451901269 1462357962 9781462357963 1452732051 9781452732053 9786613796479 6613796476 |
ISSN: | 2227-8885 ; |