BIS quarterly review · 2004 · 53 citations · 1 references
BusinessEconomicsFinanceInternational EconomicsInternational FinanceExchange RatesForeign Exchange ManagementForeign Exchange MarketsForeign Exchange OperationsForeign Exchange RiskForward ContractsForeign Exchange Futures PricingForeign Exchange Market OperationsForward Exchange Contracts AccountingForward Exchange TransactionsForward Rate DeterminationOffshore Currency TransactionsOffshore FinanceSpot-forward Exchange Relationship
Trading in non-deliverable forwards on Asian currencies has grown in recent years. The offshore interest rates implied by these contracts differ significantly from onshore interest rates and suggest upward pressure on most Asian currencies.
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