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Derivatives in International Capital Flows / Peter M. Garber.
- Format:
- Book
- Author/Creator:
- Garber, Peter M.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6623.
- NBER working paper series no. w6623
- Language:
- English
- Subjects (All):
- Capital movements.
- Derivative securities.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1998.
- Cambridge, Massachusetts : National Bureau of Economic Research, 1998.
- Summary:
- This paper will discuss the role of derivative products in international capital flows, especially in providing a means of both reducing and enhancing market risks associated with given net flows. It will emphasize how derivatives can be used to evade risk-control or prudential regulation, circumvent capital controls, drive the dynamics of currency instabilities, and obscure true risk positions and thereby undermine the usefulness of balance of payments capital account categories.
- Notes:
- Print version record
- June 1998.
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