Hedging Foreign Exchange Risk in Chile: Markets and Instruments

February 1, 2005

Preview Citation

Format: Chicago

Jorge A Chan-Lau. Hedging Foreign Exchange Risk in Chile: Markets and Instruments, (USA: International Monetary Fund, 2005) accessed November 21, 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

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.

Subject: Currencies, Exchange rate risk, Foreign exchange, Hedging, Options

Keywords: Currency, Derivative instrument, Foreign currency, Market, Option contract, WP

Publication Details

Pages:

23
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2005/037
Stock No:

WPIEA2005037
ISBN:

9781451860566
ISSN:

1018-5941

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