FX and Derivatives Markets in Emerging Economies and the Internationalisation of Their Currencies

14 Pages Posted: 28 Apr 2014

See all articles by Torsten Ehlers

Torsten Ehlers

Bank for International Settlements (BIS)

Frank Packer

Bank for International Settlements (BIS)

Date Written: December 2013

Abstract

Derivatives markets in emerging economies have continued to grow since 2010, driven mostly by very strong growth in the OTC market. Emerging market currencies have become more international as offshore markets are a major contributor to FX turnover. The Chinese renminbi is actively traded within emerging Asia. Trading of emerging market currencies is positively related to the size of cross-border financial flows.

JEL Classification: F31, G15, G20, P45

Suggested Citation

Ehlers, Torsten and Packer, Frank, FX and Derivatives Markets in Emerging Economies and the Internationalisation of Their Currencies (December 2013). BIS Quarterly Review, December 2013. Available at SSRN: https://ssrn.com/abstract=2404448

Torsten Ehlers (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

Frank Packer

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland
4161 280 8449 (Phone)

Register to save articles to
your library

Register

Paper statistics

Downloads
203
Abstract Views
928
rank
148,862
PlumX Metrics