Impact of Derivatives on Volatility of Capital Flows and Policy Implications
3.1. This project would aim to establish how large are the hedging activities of foreign direct investors, what their timing is, and to what extent these hedging activities contributed either to large exchange rate depreciations, or even to currency crises. This is an issue that has important and new policy implications for governments and Central Banks in the region. The policy implications that the project would evaluate and suggest would relate to the development and possible regulation of derivatives markets, and to policies towards hedging activities by foreign direct investors, especially those selling in the domestic markets.

Project Detail

Country

Regional

Project Number

RG-T1093

Approval Date

February 16, 2005

Project Status

Closed

Project Type

Technical Cooperation

Sector

FINANCIAL MARKETS

Subsector

CAPITAL MARKET DEVELOPMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 68,500.00

Country Counterpart Financing

USD 28,500.00

Original Amount Approved

USD 40,000.00

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-951662436-17
Procurement Plan
Plan de Adquisiciones (actualizado) [778092].DOC
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-951662436-15
Procurement Plan
Primer Plan de Adquisiciones [668575].DOC
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-456533210-40987
Technical Cooperation Agreement
Impacto de Derivados en la Volatilidad de los Flujos de Capital y sus Implicancias en las Políticas para América L [568371].DOC
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-456533210-41199
Technical Cooperation Agreement
Impacto de Derivados en la Volatilidad de los Flujos de Capital y sus Implicancias en las Políticas para América L [568372].DOC
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-456533210-41244
Technical Cooperation Agreement
Impacto de Derivados en la Volatilidad de los Flujos de Capital y sus Implicancias en las Políticas para América L [568369].DOC
Dec. 31, 1999
Spanish

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