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January 29, 2010 | History

The evolution of trading activity in Asian foreign exchange markets 1 edition

The evolution of trading activity in Asian foreign exchange markets
Yosuke Tsuyuguchi

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The evolution of trading activity in Asian foreign exchange markets
by Yosuke Tsuyuguchi and Philip Woolridge.

Published 2008 by Bank for International Settlements in Basel, Switzerland .
Written in English.

About the Book

The development of Asian foreign exchange markets has progressed appreciably in recent years. Data from the BIS Triennial Central Bank Survey indicate that the turnover of Asian currencies rose sharply between 2004 and 2007, financial institutions became more important customers, and the participation of non-residents increased. Notwithstanding this progress, the liquidity of Asian foreign exchange markets continues to be undermined by foreign exchange controls. For Asian currencies other than HKD and SGD, non-residents account for a relatively small share of activity and FX swap markets are still in their infancy. Offshore non-deliverable markets have developed in response to controls, causing trading activity to fragment. Furthermore, Herstatt risk remains high in Asian foreign exchange markets. Almost all transactions between Asian currencies are executed via the US dollar so, for those trades not cleared through CLS Bank, each leg is settled at significantly different times.

Edition Notes

Title from PDF file (viewed on Oct. 10, 2008).

"May 2008."

"Monetary and Economic Department."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Series
BIS working papers -- no. 252

Classifications

Library of Congress
HG3879

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL22649191M
LC Control Number
2008613036

History

Download catalog record: RDF / JSON
January 29, 2010 Edited by WorkBot add more information to works
December 11, 2009 Created by WorkBot add works page