What people are saying - Write a review
We haven't found any reviews in the usual places.
Text Tables 1 Impact of Derivatives on the Real Economy
Appendices Tables 2 Global Notional Principal Outstanding 45
13 other sections not shown
Other editions - View all
aggregate demand arbitrage asset prices bank lending channel Bodnar and Marston bound With derivatives capital markets costs of capital countries currency dealers derivative price derivative usage derivatives Lower Bound domestic double counting dynamic hedging empirical estimated exchange markets exchange rate channel export effect financial innovation financial markets Futures Exchange gross market value growth of derivative Hannoun report hedged agents hedgers impact of derivative impulse response impulse response functions income effect interest rate channel interest rate derivatives interest rate parity investment liquidity long-run market efficiency method monetary policy shock monetary policy transmission nominal interest rate non-financial firms notional principal outstanding options OTC markets output outstanding notional principal price changes price movements propensity to consume real economy reducing Response of Inflation risk holders sooner spot market substitution effect suggests theoretical transmission mechanism trillion turnover underlying market underlying shock unhedged United Kingdom Upper bound variable vector autoregression weaker wealth effect