Insurance Value of International Reserves : An Option Pricing Approach /
A quantitative framework is developed to bring forward the insurance motive of holding international reserves. The insurance value of reserves is quantified as the market price of an equivalent option that provides the same insurance coverage as the reserves. This quantitative framework is applied t...
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| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2004.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2004/175 |
| גישה מקוונת: | Full text available on IMF |