MacLaughlin, Susan (contributor) - Bank für Internationalen Zahlungsausgleich / … - 2017
This report discusses FX liquidity metrics and their drivers, reaching four conclusions. First, changes in FX markets … have reduced the usefulness of some conventional FX liquidity metrics; several metrics need to be assessed together to give … a better picture of market liquidity. Second, some metrics suggest that liquidity in FX markets has declined during some …