Do FX traders in Bishkek have similar perceptions to their London colleagues? Survey evidence of market ractitioners' views

Andreas Fischer (), Gulzina Isakova () and Ulan Termechikov ()
Additional contact information
Gulzina Isakova: National Bank of the Kyrgyz Republic, Postal: City of Bishkek, Umetalieva Street 101, 720040, The Kyrgyz Republic, http://www.nbkr.kg
Ulan Termechikov: National Bank of the Kyrgyz Republic, Postal: City of Bishkek, Umetalieva Street 101, 720040, The Kyrgyz Republic, http://www.nbkr.kg

No 2007-1, Working Papers from Swiss National Bank

Abstract: We ask whether FX dealers from Kyrgyzstan, a low income country, have similar perceptions to FX dealers from other international financial centers. Perceptions of Kyrgyz FX dealers in the interbank market are tested using detailed survey data against survey information from five major financial centers. The survey evidence finds that the FX dealers' responses from the Kyrgyz interbank market differ from those from other international financial centers. Stark differences arise in the perceptions concerning the effectiveness of central bank interventions and the influence of speculation.

Keywords: Foreign exchange traders; survey study; microstructure; FX interventions (search for similar items in EconPapers)
JEL-codes: C42 F31 G14 (search for similar items in EconPapers)
Date: Written 2007-04-30

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