01777cas a2200253 a 4500 AALejournalIMF000306 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451843088 1018-5941 BD-DhAAL BD-DhAAL Gatzonas, E. Financial innovations Involving the Greek Drachma / E. Gatzonas, Michael Papaioannou. Washington, D.C. : International Monetary Fund, 1997. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students During the last decade, a number of new financial instruments and derivative products related to the Greek drachma have emerged in local as well as international capital markets. The paper analyzes the characteristics of these financial instruments which are traded in organized exchanges and over-the-counter (OTC) markets, and evaluates the conditions under which they have evolved. Drawing from legislative and industry developments in the European Union (EU) and the United States, the paper also examines the effects and implications of such developments for local markets and for the conduct of monetary and foreign exchange policies and argues for the need for sound macroeconomic policies. Mode of access: Internet Papaioannou, Michael. IMF Working Papers; Working Paper ; No. 1997/014 Full text available on IMF http://elibrary.imf.org/view/journals/001/1997/014/001.1997.issue-014-en.xml IMF e-Library