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Record Nr. |
UNINA9910821265603321 |
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Autore |
Canales-Kriljenko Jorge Ivan |
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Titolo |
Foreign exchange market organization in selected developing and transition economies : evidence from a survey / / prepared by Jorge Ivan Canales-Kriljenko |
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Pubbl/distr/stampa |
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[Washington, D.C.], : International Monetary Fund, 2004 |
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ISBN |
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1-4623-2589-0 |
1-4527-1499-1 |
1-281-15551-9 |
9786613776877 |
1-4518-9039-7 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (47 p.) |
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Collana |
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IMF working paper ; ; WP/04/4 |
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Soggetti |
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Foreign exchange market - Developing countries |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Caption title. |
"January 2004." |
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Nota di bibliografia |
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Includes bibliographical references (p. 45-46). |
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Nota di contenuto |
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""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"" |
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Sommario/riassunto |
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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. |
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