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Related Papers - Available Online
2001
Bank for International Settlements - 2004 Survey
(EN - 288 KB PDF) 2005
In traditional foreign exchange markets, average daily turnover in April 2004 was $1.9 trillion, a 57% increase at current exchange rates and a 36% rise at constant exchange rates compared to April 2001. This more than reversed the fall in global trading volumes between 1998 and 2001. Bank Runs and Optimal Public Suspension of Payment: The Case for Temporary Use of Capital Controls1999
Challenging Open Markets: The Third Wave involves making markets work for all
(EN) 1998
East Asian Economic Crisis: The Three Lessons
(EN) 1999
Industrialized Country Financial Markets: The Missing Dimension in the Stabilizing Global Finance Debate
1999
International Finance and Global Deflation: There is an Alternative
(EN) 1999
International Finance and the Problem of Capital Account Governance: A Blue Print for Reform
(EN) 1998
Repairing the Global Financial Architecture: Painting over Cracks vs. Strengthening the Foundations
(EN) 1999
Special Policy Brief 15: New Data on Global Derivatives Trading - April 2004
(EN) 2004
Despite a decline in the fourth quarter, worldwide trading volume in futures and options on derivatives exchanges rose sharply in 2003 to $874 trillion by comparison the US gross domestic product was $11 trillion for 2003. Measured by notional value, turnover in futures contracts rose 24.6%, that for options rose 30.2% and the combined figure for futures and options showed an annual increase in trading volume of 26.2%. The ABC's of Exchange Rates and the Case Against Currency Boards (EN)1999
The Economics of Globalization: Problems and Policy Responses
(EN) 2001
Toward a New International Economic Order: Goodbye Washington Consensus, Hello Mainstreet Alternative
(EN) 1999
Why a Global Currency Union with Fixed Exchange Rates Won't Work
(EN) 1998
Why has FX trading surged? Explaining the BIS 2004 triennial survey
(EN - 51 KB PDF) 2005
The 2004 BIS survey shows a surge in traditional foreign exchange trading. This seems to have been driven by momentum trading and carry trades in a global search for yield on the part of institutional investors and leveraged players as well as by hedging activity. |
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