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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Detalhes bibliográficos
Autor principal: Jochum, Christian
Outros Autores: Kodres, Laura
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1998.
Colecção:IMF Working Papers; Working Paper ; No. 1998/013
Acesso em linha:Full text available on IMF