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Guide to Derivatives for Central Banks

Derivatives are increasingly important financial instruments that are used worldwide and their use is growing in emerging markets. The handbook provides a basic guide to different types of derivatives, including pricing, valuation, accounting, and statistical treatment. It aims to highlight how derivatives are relevant to central banks, particularly in monetary policy and banking supervision. The handbook is intended to provide central bankers with a clear description of derivatives so they can confidently address related issues, though it is not meant as a manual for traders or a comprehensive description of world markets. Most derivatives traded are relatively simple and understandable for the intended readership of central bankers.

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balki123
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20 views1 page

Guide to Derivatives for Central Banks

Derivatives are increasingly important financial instruments that are used worldwide and their use is growing in emerging markets. The handbook provides a basic guide to different types of derivatives, including pricing, valuation, accounting, and statistical treatment. It aims to highlight how derivatives are relevant to central banks, particularly in monetary policy and banking supervision. The handbook is intended to provide central bankers with a clear description of derivatives so they can confidently address related issues, though it is not meant as a manual for traders or a comprehensive description of world markets. Most derivatives traded are relatively simple and understandable for the intended readership of central bankers.

Uploaded by

balki123
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

abstract Derivatives, ranging from relatively simple forward contracts to complicated options products, are an increasingly important feature

of financial markets worldwide. They are already being used in many emerging markets, and as the financial sector becomes deeper and more stable, their use is certain to grow. This Handbook provides a basic guide to the different types of derivatives traded, including the pricing and valuation of the products, and accounting and statistical treatment. Also, it aims to highlight the main areas in which derivatives matter to central banks, notably those of monetary policy and banking supervision. It is nt intended as a manual for traders, nor to describe in depth the current state of world markets, where changes can happen so rapidly that any description must soon become outdated. But we do hope to provide a clear enough description of derivatives and their relevance to central banks for central bankers to be confident in tackling the issues that arise. Most derivatives traded are, in fact, fairly simple, and well within the grasp of our intended readership. This handbook

is also

available in Spanish.

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