1.

Record Nr.

UNINA9910969921003321

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

9786613776877

9781462325894

1462325890

9781452714998

1452714991

9781281155511

1281155519

9781451890396

1451890397

Edizione

[1st ed.]

Descrizione fisica

1 online resource (47 p.)

Collana

IMF Working Papers

Soggetti

Foreign exchange market - Developing countries

Banking

Banks and Banking

Banks and banking

Banks

Currencies

Currency markets

Currency

Depository Institutions

Exchange rates

Finance

Finance: General

Foreign exchange market

Foreign Exchange

Foreign exchange

Government and the Monetary System

International Financial Markets

Micro Finance Institutions

Monetary economics

Monetary Systems

Money and Monetary Policy


Money

Mortgages

Payment Systems

Regimes

Standards

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.