Forward Currency Markets in Asia: Lessons from the Australian Experience
Reserve Bank of Australia
Bank for International Settlements (BIS) - Monetary and Economic Department
affiliation not provided to SSRN
BIS Quarterly Review, September 2006
Capital controls have resulted in the creation of numerous offshore non-deliverable forward (NDF) markets for Asian currencies. The Australian experience in the 1970s and early 1980s indicates that an NDF market may facilitate a smooth transition to a fully convertible currency.
Number of Pages in PDF File: 12
Keywords: Non-deliverable forwards, currency markets, Asia, Australia
JEL Classification: F310, G150, G180, N250Accepted Paper Series
Date posted: December 7, 2009
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo4 in 0.375 seconds