Return to home page
Searching: Muskingum library catalog
We are currently experiencing delivery delays for items requested from other institutions while transitioning to a new statewide delivery service. Please contact your library with questions or advice about alternative resources. Thank you for your patience!
  Previous Record Previous Item Next Item Next Record
  Reviews, Summaries, etc...
EBOOK
Author Lu, Yinqiu,
Title Financial instruments to hedge commodity price risk for developing countries / prepared by Yinqiu Lu and Salih Neftci.
Imprint Washington, D.C. : International Monetary Fund, Monetary and Capital Markets Dept., 2008.
2008

LOCATION CALL # STATUS MESSAGE
 OHIOLINK IMF EBOOKS    ONLINE  
View online
LOCATION CALL # STATUS MESSAGE
 OHIOLINK IMF EBOOKS    ONLINE  
View online
Author Lu, Yinqiu,
Series IMF working paper, 2227-8885 ; WP/08/6
IMF working paper ; WP/08/6.
Subject Prices -- Developing countries.
Commercial products -- Economic aspects -- Developing countries.
Revenue -- Developing countries.
Options (Finance) -- Developing countries.
Developing countries -- Economic policy.
Developing countries -- Economic conditions.
Alt Name Neftci, Salih N.,
International Monetary Fund. Monetary and Capital Markets Department.
Description 1 online resource (20 pages) : illustrations.
Bibliography Note Includes bibliographical references (pages 19-20).
Note Print version record.
Access Use copy Restrictions unspecified star
Summary Many developing economies are heavily exposed to commodity markets, leaving them vulnerable to the vagaries of international commodity prices. This paper examines the use of commodity options-including plain vanilla, risk reversal, and barrier options-to hedge such risk. It then proposes the use of a new structured product-a sovereign Eurobond with an embedded option on a specific commodity price. By extracting commodity price risk out of the bond, such an instrument insulates the bond default risk from commodity price movements, allowing it to be marketed at a lower credit spread. The product is also designed to help developing countries establish a credit derivatives market, which would in turn enhance the marketability and liquidity of sovereign bonds.
Reproduction Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010.
System Details Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
Note digitized 2010 HathiTrust Digital Library committed to preserve pda
Contents I. Introduction; II. Smooth fluctuations in Commodity Revenue Collections-Option Transactions; A. Plain Vanilla Options; Figures; 1. A Put Option Structure; B. Risk Reversals; Tables; 1. Prices of ATM Options; 2. Prices of 20 Percent OTM Options; 2. A Zero Premium Risk Reversal Structure; C. Barrier Option Structures; 3. Prices of the Up-and-Out Put Options: H=120; 3. A Knock-out Option; III. Smooth Borrowing Cost-A Structured Product; A. The Instrument; B. Intermediary; 4. The Structure of the New Instrument; C. Pricing; 5 The Involvement of Investment Bank as an Intermediary.
Note English.
ISBN 1451913214
9781451913217
1462397182
9781462397181
1452794502
9781452794501
1451868685
9781451868685
9786612840395
6612840390
1282840398
9781282840393
ISSN 2227-8885
ISBN/ISSN 10.5089/9781451913217.001
OCLC # 535146970
Additional Format Print version: Lu, Y. (Yinqiu). Financial instruments to hedge commodity price risk for developing countries. Washington, D.C. : International Monetary Fund, Monetary and Capital Markets Dept., 2008 (OCoLC)213289850



If you experience difficulty accessing or navigating this content, please contact the OPAL Support Team