BIS Papers
open access
Offshore forwards and exchange rate transmission in emerging markets
We study how offshore non-deliverable forward (NDF) markets transmit exchange-rate pressures to domestic currency markets. Using unique transaction-level data on the universe of centrally cleared NDFs for ten emerging-market currencies over 2013–2025, we show that offshore NDF order flow moves both
Conceptio Open Archive
Analyze & explore related research in Conceptio
Connect this record directly into your research workflow or AI agent. Explore citations across open repositories, query full text, and export structured proof bundles.
This document is indexed with metadata only: full text is not available in the archive for this record. Open the official source ↗
Related documents
- When Policy Bites: State-Dependent Monetary Policy Transmission in Emerging Markets#215436
- When Does Order Flow Matter? State-Dependent L2 Liquidity-State Transitions in Crypto Futures#361476
- Are Pound and Euro the Same Currency? - Updated#1274763
- Multi-Scale Stress Accumulation as a Predictor of Elevated Volatility Across Financial Markets#716490
- CryptoL: Towards Scale Dominance and Physics Constraints Mitigation in Financial Multivariate Time Series Forecasting#998754
Record · ID 1361605
Retrieved via Conceptio: every document is proof-bundled with source, license, and retrieval metadata.
Retrieved via Conceptio: every document is proof-bundled with source, license, and retrieval metadata.
Bring this data into your agent: Connect via MCP or API · 20 free credits to start · no card required
Read the Docs → · View CLI source on GitHub · Conceptio Open Knowledge Archive
Read the Docs → · View CLI source on GitHub · Conceptio Open Knowledge Archive