Derivative markets impact on colombian monetary policy

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Borradores de Economía; No. 334
Date published
2005-05-18
Author
Gómez-González, Esteban
Vásquez, Diego Mauricio
Zea, Camilo
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
Derivatives are contingent claims that complete financial markets. Their use allow agents and firms to ameliorate the impact over con-sumption, production and investment given a change in relative prices induced by an active monetary policy. In this sense
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http://repositorio.banrep.gov.co/handle/20.500.12134/5352
http://hdl.handle.net/20.500.12134/5352
https://ideas.repec.org/p/bdr/borrec/334.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit