Central Banks Use of Derivatives and Other Contingent Liabilities : Analytical Issues and Policy Implications »
Series: IMF Working Papers
Author(s): Liliana Schumacher , and Mario Bléjer
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2000
Whereas some central bank derivatives and other contingent liabilities arise from anomalous circumstances, there are a number of positive reasons that explain their popularity. After analyzing the rationale for the...