FX Forwards and Futures during the Asian Crisis

Peter G. Zhang
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Peter G. Zhang: Shanghai Futures Exchange, China

Chapter 13 in Chinese Yuan (Renminbi) Derivative Products, 2004, pp 175-187 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:Central Banks' Intervention in Forward MarketsInterventionsWays to Obtain Local Currency for DeliveryImpacts of Forward Intervention on Foreign ReserveThai Baht Forwards and the Asian Financial CrisisThe First EpisodeThe Second EpisodeThe Most Severe AttackThe Peak of AttackMarket ParticipantsMarket ReactionsKorean Won ForwardsForeign Reserve Deposits in Domestic BanksForward VolumeDerivatives Trading ValueProfit and Loss of Various ParticipantsFX Forward Market in SingaporeHong Kong Dollar ForwardsThe HKMA's Intervention Activities in the Forward MarketBrazilian Real FuturesSummary and Conclusions

Keywords: Chinese Yuan; CNY Revaluation; Non-Deliverable Forwards; CNY Forwards; CNY Non-Deliverable Options; CNY Non-Deliverable Swaps; CNY Structured Notes (search for similar items in EconPapers)
Date: 2004
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