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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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2020/179 |
| Онлайн доступ: | Full text available on IMF |