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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Detaylı Bibliyografya
Yazar: Schmittmann, Jochen M.
Diğer Yazarlar: Chua, Han Teng
Materyal Türü: Dergi
Dil:English
Baskı/Yayın Bilgisi: Washington, D.C. : International Monetary Fund, 2020.
Seri Bilgileri:IMF Working Papers; Working Paper ; No. 2020/179
Online Erişim:Full text available on IMF