Central Bank Participation in Currency Options Markets /
This paper analyzes whether and how central banks can use currency options to lower exchange rate volatility and maintain (implicit) target zones in foreign exchange markets. It argues that selling rather than buying options will result in market makers dynamically hedging their long option exposure...
| Päätekijä: | |
|---|---|
| Aineistotyyppi: | Aikakauslehti |
| Kieli: | English |
| Julkaistu: |
Washington, D.C. :
International Monetary Fund,
1999.
|
| Sarja: | IMF Working Papers; Working Paper ;
No. 1999/140 |
| Linkit: | Full text available on IMF |