Central Banks Use of Derivatives and Other Contingent Liabilities : Analytical Issues and Policy Implications

Analytical Issues and Policy Implications

Central Banks Use of Derivatives and Other Contingent Liabilities : Analytical Issues and Policy Implications
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 these operations, we stress that most of these operations, being off-balance sheet, increase the risk and reduce the transparency of... READ MORE...

Publication date: March 2000
ISBN 9781451848786
$15.00

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