Offshore Currency Markets : Non-Deliverable Forwards (NDFs) in Asia /
Non-deliverable forward (NDF) markets in many Asian emerging market currencies are large, rapidly growing, and often exceed onshore markets in transaction volume. NDFs tend to price significant depreciation during market stress episodes including COVID-19. Spillovers from NDFs to onshore markets are...
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其他作者: | |
格式: | 雜誌 |
語言: | English |
出版: |
Washington, D.C. :
International Monetary Fund,
2020.
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叢編: | IMF Working Papers; Working Paper ;
No. 2020/179 |
在線閱讀: | Full text available on IMF |