Hidden Bibliographic Details
| Other authors / contributors: | Eckwert, Bernhard.
International Monetary Fund. International Capital Markets Department.
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| ISBN: | 1282474197
9781282474192
1451919786
9781451919783
1452707650
9781452707655
9786613821720
6613821721
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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 studies the impact of enhanced transparency on risk sharing opportunities in the foreign exchange market and the associated implications for ex ante welfare. Transparency is measured in this model by the informational content of publicly observable signals about exchange rate developments. We find that in this model more transparency improves welfare in economies that are poorly endowed with capital and/or where investors are not very risk-averse, while welfare is reduced in economies with large capital endowments and/or where investors are highly risk-averse.
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| Other form: | Print version: Drees, Burkhard. Welfare effects of transparency in foreign exchange markets. [Washington, D.C.] : International Monetary Fund, ©2002
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| Standard no.: | 10.5089/9781451919783.001
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