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The evolution of trading activity in Asian foreign exchange markets

Tsuyuguchi, Yosuke; Wooldridge, Philip - Bank of Japan - 2008

The development of Asian foreign exchange markets has progressed appreciably in recent years. Data from the BIS Triennial Central Bank Survey indicate that the turnover of Asian currencies rose sharply between 2004 and 2007, financial institutions became more important customers, and the...

Persistent link: https://www.econbiz.de/10010907482

The Evolution of Trading Activity in Asian Foreign Exchange Markets

Wooldridge, Philip D. - 2014

We exploit previously unpublished data on foreign exchange turnover to analyse the institutional setting in which the currencies of non-Japan Asia are traded. Volumes grew rapidly between 2004 and 2007 and the diversity of market participants increased. Nevertheless, liquidity is undermined by...

Persistent link: https://www.econbiz.de/10012751384

Free Lunch! Arbitrage Opportunities in the Foreign Exchange Markets

Ito, Takatoshi; Yamada, Kenta; Takayasu, Misako; … - National Bureau of Economic Research (NBER) - 2012

exchange markets, but it typically last only a few seconds. "Free lunch" is in the form of (a) negative spreads in a currency … pair and (b) triangular arbitrage relationship involving three currency pairs. The latter occur much more often than the … simultaneously take place on both sides of ask and bid (or three currency trades in case of triangular arbitrage) occur more often …

Persistent link: https://www.econbiz.de/10010951011

An Alternative Perspective on the Bull Run in Indian Markets

Kakani, Ram Kumar - 2007

This paper probes into the recent bull run of the Indian equity markets. Using capital market data and facts it is found that the recent equity markets bull run is a shallow one, especially during the last two years. It is observed that this shallowness is due to - (a) Index rally being driven...

Persistent link: https://www.econbiz.de/10012730033

Empirical Exchange Rate Models for Developing Economies : A Study on Pakistan, China and India

Khalid, Syed Mohammad Abdullah - 2008

Developing markets like China, Pakistan and India are becoming extremely important for investments. Therefore, this article attempts to determine if the exchange rates for these countries can be forecasted successfully using existing exchange rate models. This is done by analysing the in sample...

Persistent link: https://www.econbiz.de/10012725406

STUDIES ON FINANCIAL MARKETS IN EAST ASIA

Susai, Masayuki (contributor); Uchida, Shigeru (contributor) - World Scientific Publishing Co. Pte. Ltd.

This book will be an important addition to the limited number of books that discuss finance and accounting issues in East Asian countries. While presenting recent empirical studies on finance and accounting in East Asian economies, it also reveals the underlying reasons for remarkable economic...

Persistent link: https://www.econbiz.de/10010883054

The markets for non-deliverable forwards in Asian currencies

Ma, Guonan; Ho, Corrinne; McCauley, Robert N - In: BIS Quarterly Review (2004) June

Trading in non-deliverable forwards on Asian currencies has grown in recent years. The offshore interest rates implied by these contracts differ significantly from onshore interest rates and suggest upward pressure on most Asian currencies.

Persistent link: https://www.econbiz.de/10005063293

Forward currency markets in Asia: lessons from the Australian experience

Debelle, Guy; Gyntelberg, Jacob; Plumb, Michael - In: BIS Quarterly Review (2006) September

transition to a fully convertible currency. …

Persistent link: https://www.econbiz.de/10005063306

Risk in carry trades: a look at target currencies in Asia and the Pacific

Gyntelberg, Jacob; Remolona, Eli M - In: BIS Quarterly Review (2007) December

We analyse carry trades involving the Australian dollar, Indonesian rupiah, Indian rupee, New Zealand dollar and Philippine peso as target currencies. We find evidence supporting the view that downside risk is an important feature of such strategies and propose ways of measuring this risk.

Persistent link: https://www.econbiz.de/10005063315

Accounting Variables, Market Variables and Stock Return in Emerging Markets : Case of Iran

Rahmani, Ali - 2007

It is of great significance to identify the variables affecting stock return and its price in the emerging markets. According to CAPM, Beta is the only variable capable of predicting the return. The recent studies demonstrate that there exist other variables which outperform stock return...

Persistent link: https://www.econbiz.de/10012731362

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