Contingent Reserves Management: An Applied Framework
نویسندگان
چکیده
منابع مشابه
Contingent Reserves Management: An Applied Framework
One of the most serious problems that a central bank in an emerging market economy can face is the sudden reversal of capital inflows. Hoarding international reserves can be used to smooth the impact of such reversals, but these reserves are seldom sufficient and always expensive to hold. In this paper we argue that adding richer hedging instruments to the portfolios held by central banks can s...
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* Jaideep Sengupta is Assistant Professor of Marketing at the School of Business and Management, Hong Kong University of Science and Technology, Clear Water Bay, Kowloon. Gavan J. Fitzsimons is Assistant Professor of Marketing at the Wharton School, University of Pennsylvania, 1400 SHDH, Philadelphia, PA 19104-6371. The authors contributed equally to this research. Order of authorship was decid...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.595221