IDEAS home Printed from https://ideas.repec.org/h/bis/bisbpc/96-07.html
   My bibliography  Save this book chapter

Discussion of Rasmus Fatum and James Yetman’s paper

In: The price, real and financial effects of exchange rates

Author

Listed:
  • Hans Genberg

    (The SEACEN Centre)

Abstract

The objective of the paper by Fatum and Yetman (F-Y hereafter) is to provide empirical evidence on whether the accumulation of international reserves by the central bank will lead to increased risk-taking by the private sector. Why might such risk-taking come about? To the extent that international reserves provide free insurance to domestic economic agents against the risk of not being able to secure foreign exchange in the market during a crisis, the resulting moral hazard environment may lead these agents to accumulate more risk.

Suggested Citation

  • Hans Genberg, 2018. "Discussion of Rasmus Fatum and James Yetman’s paper," BIS Papers chapters, in: Bank for International Settlements (ed.), The price, real and financial effects of exchange rates, volume 96, pages 53-56, Bank for International Settlements.
    • Handle: RePEc:bis:bisbpc:96-07
    as

    Download full text from publisher

    File URL: https://www.bis.org/publ/bppdf/bispap96_f.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bis:bisbpc:96-07. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Martin Fessler (email available below). General contact details of provider: https://edirc.repec.org/data/bisssch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.