Tsuyuguchi, Yosuke; Wooldridge, Philip D. - In: Emerging Markets Review 9 (2008) 4, pp. 231-246
We exploit previously unpublished data on foreign exchange turnover to analyse the institutional setting in which the currencies of non-Japan Asia are traded.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...
