Advanced Search
MyIDEAS: Login to save this article or follow this journal

Global currency trends through the financial crisis

Contents:

Author Info

  • Zoe Wallis

    (Reserve Bank of New Zealand)

Registered author(s):

    Abstract

    In this article, we examine trends in the global and NZD foreign exchange (FX) markets over the recent financial crisis period from 2007 to 2010, identifying key changes in the nature of FX trading. These trends are examined using the most recent Bank for International Settlements (BIS) triennial survey as well as other data sources and market intelligence. The survey shows that, overall, the volume of global FX turnover has increased over the last three years. Demand for safehaven currencies such as the US dollar and Japanese yen have increased through the crisis. The NZD’s share of global turnover has decreased in an environment of increased risk aversion and volatility, and investor interest in trading the NZD has waned. Demand for carry trades, particularly in NZD, has fallen in an environment of increased volatility.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.rbnz.govt.nz/research_and_publications/reserve_bank_bulletin/2010/2010dec73_4Wallis.pdf
    Download Restriction: no

    Bibliographic Info

    Article provided by Reserve Bank of New Zealand in its journal Reserve Bank of New Zealand Bulletin.

    Volume (Year): 73 (2010)
    Issue (Month): (December)
    Pages: 28-37

    as in new window
    Handle: RePEc:nzb:nzbbul:dec2010:4

    Contact details of provider:
    Postal: P.O. Box 2498, Wellington
    Phone: 64 4 471-3767
    Fax: 64 4 471-2270
    Email:
    Web page: http://www.rbnz.govt.nz
    More information through EDIRC

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:nzb:nzbbul:dec2010:4. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Reserve Bank of New Zealand Knowledge Centre).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.