Template-Type: ReDIF-Article 1.0
Author-Name: Nikhil Patel
Author-Name: Dora Xia
Title: Offshore markets drive trading of emerging market currencies
Abstract: FX markets for the currencies of emerging market economies grew more rapidly than those for major currencies between 2016 and 2019, rising from 19% to almost 25% of global turnover. At the same time, these currencies attracted a wider range of participants and saw a rapid increase in offshore trading activity. Offshore markets tended to drive onshore markets during times of global market stress.
Journal: BIS Quarterly Review
File-URL: http://www.bis.org/publ/qtrpdf/r_qt1912h.pdf
File-Format: Application/pdf
File-URL: http://www.bis.org/publ/qtrpdf/r_qt1912h.htm
File-Format: text/html
Year: 2019
Month: December
Classification-JEL: F31, G12, G23
Handle: RePEc:bis:bisqtr:1912h