Central Banks Use of Derivatives and Other Contingent Liabilities : Analytical Issues and Policy Implications /

Whereas some central bank derivatives and other contingent liabilities arise from anomalous circumstances, there are a number of positive reasons that explain their popularity. After analyzing the rationale for these operations, we stress that most of these operations, being off-balance sheet, incre...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Schumacher, Liliana
Weitere Verfasser: Blejer, Mario
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2000.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2000/066
Online Zugang:Full text available on IMF