Offshore Currency Markets: Non-Deliverable Forwards (NDFs) in Asia

Offshore Currency Markets: Non-Deliverable Forwards (NDFs) in Asia
READ MORE...
Volume/Issue: Volume 2020 Issue 179
Publication date: September 2020
ISBN: 9781513556321
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
paperback else
pdf else
epub else
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Investments and Securities-General , Economics- Macroeconomics , Money and Monetary Policy , WP , NDF market , onshore market , NDF pricing , NDF trading , NDF volume , Philippine peso , Currency Markets , Offshore Markets , Non-Deliverable Forwards , NDF , DNDF , Indian rupee , transaction volume , trading hub , MYR NDF trading , NDF data , emerging market , DNDF position , Currencies , Depreciation , Spillovers , Global , East Asia , South Asia , DNDF liquidity , COVID-19 , Asia and Pacific

Also of interest
August 2009 Working Papers
April 2010
March 2010
January 2010
Summary

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 a policymaker concern. Our analysis shows that influences tend to run both ways after controlling for differences in timezones between markets. For the COVID-19 pandemic there is some evidence of NDFs leading onshore markets for a few currencies. Policy approaches to NDFs vary widely across Asia from close integration with onshore markets to severe restrictions on NDF trading.

Powered by: AIDC