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.
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Article provided by Bank for International Settlements in its journal BIS Quarterly Review.
Volume (Year): (2004) Issue (Month): (June) Pages: Download reference. The following formats are available: HTML,
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Find related papers by JEL classification: F31 - International Economics - - International Finance - - - Foreign Exchange G15 - Financial Economics - - General Financial Markets - - - International Financial Markets G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East
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