Does the Introduction of Futures on Emerging Market Currencies Destabilize the Underlying Currencies? /

Recent interest in futures contracts on emerging market currencies has raised concerns among some central bank authorities about their ability to maintain stable currencies. This paper presents empirical results examining the influence of the Mexican peso, the Brazilian real, and the Hungarian forin...

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Autor principal: Jochum, Christian
Altres autors: Kodres, Laura
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 1998.
Col·lecció:IMF Working Papers; Working Paper ; No. 1998/013
Accés en línia:Full text available on IMF