Jin, Zhongxia; Zhao, Yue; Wang, Haobin - 2022
over-the-counter (OTC) FX derivatives markets already exist in China, it lacks a FX futures market that offers critical … complementarities. With standardized products, greater transparency and centralized oversight, a FX futures market can better satisfy … whether FX futures market will amplify the volatility of spot exchange rates, this paper analyzes the impact of establishing …