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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Bibliografische gegevens
Hoofdauteur: Schmittmann, Jochen M.
Andere auteurs: Chua, Han Teng
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2020.
Reeks:IMF Working Papers; Working Paper ; No. 2020/179
Online toegang:Full text available on IMF