Leading financial economists have proposed the use of international asset swaps (Merton 1990, Bodie and Merton 2002) as a way of efficiently achieving international diversification without eroding the level of foreign exchange reserves and weakening local market development. International asset swaps entail limited foreign currency flows (only net gains or losses need to be exchanged). They protect foreign investors from market manipulation and expropriation...
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2003/12/01
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Рабочий документ в рамках исследования вопросов политики
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WPS3175
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1
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1
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2010/07/01
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The use of "asset swaps" by institutional investors in South Africa
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institutional investor
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