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Macro-Hedging for Commodity Exporters.

This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. The introduction of hedging instruments such as futures and options enhances domestic welfare through two channels. First, by reducing export income v...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Borensztein, Eduardo
Otros Autores: Sandri, Damiano, Jeanne, Olivier
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo