Macro-Hedging for Commodity Exporters /
This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. The introduction of hedging instruments such as futures and options enhances domestic welfare through two channels. First, by reducing export income v...
| Tác giả chính: | |
|---|---|
| Tác giả khác: | , |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2009.
|
| Loạt: | IMF Working Papers; Working Paper ;
No. 2009/229 |
| Truy cập trực tuyến: | Full text available on IMF |