Showing 1 - 10 of 11
The macroeconomic effects of large food price swings can be broad and far-reaching, including the balance of payments of importers and exporters, budgets, inflation, and poverty. For market participants and policymakers, managing low frequency volatility—i.e., the component of volatility...
Persistent link: https://www.econbiz.de/10008560434
Commodities are back following a stellar run of price performance, attracting financial investor attention. What are the fundamental reasons to hold commodities? One reason is the exposure offered to underlying risk factors. In this paper, I assess the macro risk exposure offered by commodity...
Persistent link: https://www.econbiz.de/10005826345
commodity-exporting countries. The introduction of hedging instruments such as futures and options enhances domestic welfare …
Persistent link: https://www.econbiz.de/10008540918
Credit derivative markets are largely unregulated, but calls are increasingly being made for changes to this "hands off" stance, amidst concerns that they helped to fuel the current financial crisis, or that they could be a cause of the next one. The purpose of this paper is to address two basic...
Persistent link: https://www.econbiz.de/10008497598
This paper examines the role of the derivatives market in South Africa and provides policy options for promoting the …
Persistent link: https://www.econbiz.de/10008528705
Israel’s compliance with International Organization of Securities Commissions’ objectives and Principles of Securities Regulation has been assessed. The regulatory regime is well developed and in most respects is comparable with that of major jurisdictions. For the most part, it is...
Persistent link: https://www.econbiz.de/10011242660
This technical note provides an overview of Mexico’s derivatives markets, and describes concisely the derivatives regulatory framework and risk management practices in financial institutions active in these markets. The most important derivatives market in Mexico is the over-the-counter...
Persistent link: https://www.econbiz.de/10011243042
OTC derivatives markets were an increasing source of vulnerability heading into the crisis. OTC derivatives markets contributed to the financial crisis. Credit derivatives facilitated the development and growth of the structured securities markets; and the purchasing, packaging, and distribution...
Persistent link: https://www.econbiz.de/10011243391
The Detailed Assessment report on Mexico’s implementation of the International Organization of Securities Commissions Objectives and Principles of Securities Regulation is analyzed. The Mexican securities market is dominated by daily trading in short-term government debt securities,...
Persistent link: https://www.econbiz.de/10011243947
The central counterparties dominating the market for the clearing of over-the-counter interest rate and credit derivatives are globally systemic. Employing methodologies similar to the calculation of banks’ capital requirements against trading book exposures, this paper assesses the...
Persistent link: https://www.econbiz.de/10011142162