| Description |
1 online resource (40 pages) : illustrations |
| Series |
IMF working paper, 2227-8885 ; WP/99/140 |
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IMF working paper ; WP/99/140.
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| 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 |
| Bibliography |
Includes bibliographical references (pages 38-40) |
| Notes |
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 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
| Subject |
Banks and banking, Central -- Finance
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Foreign exchange.
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Options (Finance)
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Hedging (Finance)
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Banks and banking, Central -- Finance
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Foreign exchange
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Hedging (Finance)
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Options (Finance)
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| Form |
Electronic book
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| Author |
International Monetary Fund. Research Department.
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| ISBN |
1282026747 |
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9781282026742 |
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1451901267 |
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9781451901269 |
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1462357962 |
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9781462357963 |
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1452732051 |
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9781452732053 |
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9786613796479 |
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6613796476 |
|
