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Developments in Foreign Exchange and OTC Derivatives Markets

Author

Listed:
  • Megan Garner
  • Anna Nitschke
  • David Xu

    (Reserve Bank of Australia)

Abstract

The Bank for International Settlements (BIS) conducts the Triennial Central Bank Survey of Foreign Exchange and Over-the-counter (OTC) Derivatives Markets Activity (Triennial Survey) to collect information about the size and structure of these markets. The 2016 survey results suggest that global activity in these markets declined since the previous survey, partly reflecting higher-than-usual activity in April 2013 and exchange rate movements. Over the same period, activity in the Australian foreign exchange market declined markedly in US dollar terms, but only modestly in Australian dollar terms. For Australian banks, the value of OTC derivatives outstanding continued to increase, though gross credit exposure declined.

Suggested Citation

  • Megan Garner & Anna Nitschke & David Xu, 2016. "Developments in Foreign Exchange and OTC Derivatives Markets," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 63-74, December.
    • Handle: RePEc:rba:rbabul:dec2016-07
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2016/dec/pdf/rba-bulletin-2016-12-developments-in-foreign-exchange-and-otc-derivatives-markets.pdf
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    References listed on IDEAS

    as
    1. Anthony Rush & Dena Sadeghian & Michelle Wright, 2013. "Foreign Currency Exposure and Hedging in Australia," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 49-58, December.
    2. Matthew Brooks & Cameron Deans & Peter Wallis & Benjamin Watson & Mark Wyrzykowski, 2013. "Developments in Foreign Exchange and OTC Derivatives Markets," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 59-70, December.
    3. Ivailo Arsov & Greg Moran & Ben Shanahan & Karl Stacey, 2013. "OTC Derivatives Reforms and the Australian Cross-currency Swap Market," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 55-64, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Muhammad Ishfaq & Zhang Bi Qiong & Syed Mehmood Raza Shah, 2017. "Global Macroeconomic Announcements and Foreign Exchange Implied Volatility," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 119-127.
    2. Megan Garner, 2017. "Foreign Exchange Derivative Markets in Asia," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 77-83, December.

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