We estimate the asymmetric time-and frequency connectedness across 11 Asia-Pacific
exchange rates using daily data from Jan 1995 to Mar 2021. Our results reveal that in terms …

Abstract The latest BIS Triennial Survey shows that global foreign exchange trading
increased to more than $6 trillion per day. Trading bounced back strongly following a dip in …

We provide a systematic empirical analysis of short-term covered interest parity (CIP)
deviations for a large set of emerging market (EM) currencies. EM CIP deviations tend to be …

Abstract The 2019 Triennial Survey shows that trade execution has undergone rapid
change, with more diverse participants, new technologies and increasing complexity …

FX and OTC derivatives markets through the lens of the Triennial Survey Page 1 BIS Quarterly
Review, December 2019 15 FX and OTC derivatives markets through the lens of the Triennial …

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 …

In view of increasing importance of emerging market currencies in the global foreign
exchange markets and the growing concerns regarding the vulnerability of these currencies …

The trading of interest rate derivatives in over-the-counter (OTC) markets more than doubled
between 2016 and 2019, significantly outpacing the growth of trading on exchanges. This …

The composition of amounts outstanding in over-the-counter derivatives shifted towards the
euro and cleared instruments. Since the Great Financial Crisis, increases in central clearing …

This study examines the correlation between former US President Donald Trump's China-
related tweets and the daily return and conditional volatility of onshore (CNY) and offshore …