TY - BOOK AU - Chan-Lau,Jorge A. TI - Hedging Foreign Exchange Risk in Chile: Markets and Instruments T2 - IMF Working Papers; Working Paper SN - 1451860560 : SN - 1018-5941 PY - 2005/// CY - Washington, D.C. PB - International Monetary Fund KW - Currency Options KW - imf KW - Derivatives Market KW - Exchange Rate KW - Forward Contracts KW - General Financial Markets KW - General Financial Markets: General (Includes Measurement and Data) KW - Chile N2 - Policy makers have expressed interest in fostering the development of local foreign exchange derivatives markets with a view to reducing risks arising from currency mismatches between assets and liabilities in the corporate sector. This paper assesses foreign exchange exposure in the corporate sector in Chile, analyzes the current state of the foreign exchange derivatives market in Chile, and argues that liquid and developed foreign exchange derivatives markets can help promote financial stability UR - http://elibrary.imf.org/view/IMF001/03084-9781451860566/03084-9781451860566/03084-9781451860566.xml UR - http://www.imfbookstore.org/IMFORG/9781451860566 ER -