Nondeliverable forward market for Chinese RMB: A first look
Publication in refereed journal

香港中文大學研究人員
作者已離職


引用次數
替代計量分析
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其它資訊
摘要This study discusses the non-deliverable forward (NDF) markets in general and presents some analysis about the RMB NDF market in particular. The NDF is a cash settled forward contract. We discover that the foreign exchange forward premium (RMB/TJS$) becomes discount for various maturities of the NDF after November 13, 2002. The discount is likely a result of the increasingly large China-U.S. trade deficit and mounting foreign reserves. The use of RMB NDF will likely continue to rise as more foreign investors have a bigger stake in doing business in China. (C) 2004 Published by Elsevier Inc.
著者Fung HG, Leung WK, Zhu J
期刊名稱China Economic Review
出版年份2004
月份1
日期1
卷號15
期次3
出版社ELSEVIER SCIENCE INC
頁次348 - 352
國際標準期刊號1043-951X
電子國際標準期刊號1873-7781
語言英式英語
關鍵詞Chinese RMB; exchange rate; nondeliverable forward market
Web of Science 學科類別Business & Economics; Economics; ECONOMICS

上次更新時間 2021-02-05 於 01:31