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Forward currency markets in Asia: lessons from the Australian experience

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Author Info
Guy Debelle
Jacob Gyntelberg
Michael Plumb

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Abstract

Capital controls have resulted in the creation of numerous offshore non-deliverable forward (NDF) markets for Asian currencies. The Australian experience in the 1970s and early 1980s indicates that an NDF market may facilitate a smooth transition to a fully convertible currency.

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Publisher Info
Article provided by Bank for International Settlements in its journal BIS Quarterly Review.

Volume (Year): (2006)
Issue (Month): (September)
Pages:
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Handle: RePEc:bis:bisqtr:0609g

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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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This page was last updated on 2008-4-29.


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