1.

Record Nr.

UNINA9910788521703321

Autore

Canales Kriljenko Jorge

Titolo

Foreign Exchange Market Organization in Selected Developing and Transition Economies : : Evidence from a Survey / / Jorge Canales Kriljenko

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2004

ISBN

1-4623-2589-0

1-4527-1499-1

1-281-15551-9

9786613776877

1-4518-9039-7

Descrizione fisica

1 online resource (47 p.)

Collana

IMF Working Papers

Soggetti

Foreign exchange market - Developing countries

Banks and Banking

Finance: General

Foreign Exchange

Money and Monetary Policy

International Financial Markets

Monetary Systems

Standards

Regimes

Government and the Monetary System

Payment Systems

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Currency

Foreign exchange

Finance

Monetary economics

Banking

Currency markets

Currencies

Exchange rates

Foreign exchange market

Money



Banks and banking

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Caption title.

"January 2004."

Nota di bibliografia

Includes bibliographical references (p. 45-46).

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. MAIN CHARACTERISTICS OF FOREIGN EXCHANGE MARKETS IN DEVELOPING COUNTRIES""; ""III. MARKET MICROSTRUCTURE""; ""IV. CLUSTER ANALYSIS: NUMERICAL GROUPING OF MARKET CHARACTERISTICS""; ""V. MAIN FINDINGS AND SUGGESTIONS FOR FUTURE RESEARCH""; ""APPENDIX""; ""REFERENCES""

Sommario/riassunto

The foreign exchange market microstructures in developing and transition economies are characterized by the results from the IMF's 2001 Survey on Foreign Exchange Market Organization. The survey found that these markets are usually unified onshore spot markets for U.S. dollars, where transactions are concentrated at the bank-customer level. The trading mechanisms are usually dealer or mixed dealer/auction markets; the degree of transparency is often low; settlement systems remain risky; and the scope for price discovery is variable.