Hedging Foreign Exchange Risk in Chile: Markets and Instruments

 
Author/Editor: Chan-Lau, Jorge A.
 
Publication Date: February 01, 2005
 
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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: Policy makers have expressed interest in fostering the development of local foreign exchange derivatives markets with a view to reducing risks arising from currency mismatches between assets and liabilities in the corporate sector. This paper assesses foreign exchange exposure in the corporate sector in Chile, analyzes the current state of the foreign exchange derivatives market in Chile, and argues that liquid and developed foreign exchange derivatives markets can help promote financial stability.
 
Series: Working Paper No. 05/37
Subject(s): Foreign exchange | Chile | Markets | Currencies

Author's Keyword(s): Chile | derivatives market | forward contracts | currency options
 
English
Publication Date: February 01, 2005
ISBN/ISSN: 1934-7073 Format: Paper
Stock No: WPIEA2005037 Pages: 23
Price:
US$15.00 (Academic Rate:
US$15.00 )
 
 
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