Hedging Foreign Exchange Risk in Chile: Markets and Instruments
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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. 2005/037
Subject:
Currencies Exchange rate risk Foreign exchange Hedging Options
English
Publication Date:
February 1, 2005
ISBN/ISSN:
9781451860566/1018-5941
Stock No:
WPIEA2005037
Pages:
23
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