Derivatives in emerging markets

Dubravko Mihaljek (dubravko.mihaljek@gmail.com) and Frank Packer (frank.packer@bis.org)

BIS Quarterly Review, 2010

Abstract: Turnover of derivatives has grown more rapidly in emerging markets than in developed countries. Foreign exchange derivatives are the most commonly traded of all risk categories, with increasingly frequent turnover in emerging market currencies and a growing share of cross-border transactions. As the global reach of the financial centres in emerging Asia has expanded, the offshore trading of many emerging market currency derivatives has risen as well. Growth in derivatives turnover is positively related to trade, financial activity and per capita income.

JEL-codes: F31 G15 G20 P45 (search for similar items in EconPapers)
Date: 2010
References: View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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