IMF Working Papers

Foreign Exchange Hedging with Synthetic Options and the Interest Rate Defense of a Fixed Exchange Rate Regime

By Peter M. Garber, Michael G. Spencer

December 1, 1994

Preview Citation

Format: Chicago

Peter M. Garber, and Michael G. Spencer Foreign Exchange Hedging with Synthetic Options and the Interest Rate Defense of a Fixed Exchange Rate Regime, (USA: International Monetary Fund, 1994) accessed September 20, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

Subject: Conventional peg, Currencies, Exchange rates, Financial institutions, Financial regulation and supervision, Foreign exchange, Hedging, Money, Options

Keywords: Central bank, Conventional peg, Currencies, Currency option, Currency put option gamma, Derivative product, Exchange rates, Exercise price, Foreign exchange, Forward rate, Global, Hedging, Interest rate defense, Intrinsic value, Options, Options book, Option's gamma, OTC options market, Put delta, Put Delta, Put option, WP

Publication Details

  • Pages:

    40

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1994/151

  • Stock No:

    WPIEA1511994

  • ISBN:

    9781451857009

  • ISSN:

    1018-5941

Notes

Also published in Staff Papers, Vol. 42, No. 3, September 1995.

You May Also Be Interested In...

Systemic Implications of Financial Inclusion

September 20, 2024

Satellite-Based Census of Residential Buildings: Application for Climate Risk Assessment

September 20, 2024

Zimbabwe: Technical Assistance Report-Financial Sector Stability Report Follow Up Technical Assistance on the Implementation of the Basel III Liquidity Framework

September 20, 2024

Bangladesh: Technical Assistance Report-Report on Residential Property Price Index (RPPI) Mission (May 19–27, 2024)

September 20, 2024