The internationalisation of EME currency trading

Julian Caballero, Alexis Maurin, Philip Wooldridge and Fan Dora Xia

BIS Quarterly Review, 2022

Abstract: The participation of non-residents in foreign exchange (FX) markets for emerging market economy (EME) currencies has increased to the point where these markets are almost as internationalised as those for advanced economy (AE) currencies. Nevertheless, the overall volume of trading in many EME currencies relative to economic activity remains much less than that in AE currencies. This reflects EMEs' smaller domestic investor base and lower degree of international financial integration

JEL-codes: F31 F36 G15 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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