Issue Information

• DOI: http://doi.org/10.1111/fmii.12070
• Published date: 01 February 2017
• Date: 01 February 2017

FINANCIAL MARKETS,

INSTITUTIONS &INSTRUMENTS

VOLUME 26 •NUMBER 1

Development and Functioning of FX Markets in Asia

and the Pacific

CONTENTS

I. INTRODUCTION ................................... 3

II. TRENDS AND PATTERNS IN FX TRADING

IN ASIA-PACIFIC:EVIDENCE FROM THE TRIENNIAL

SURVEY ......................................... 4

III. INSTITUTIONAL SAFEGUARDS IN FX TRADING ........ 10

IV. FX MARKET BEHAVIOR DURING PERIODS OF HIGH

VOLATILITY ..................................... 23

V. CARRY TRADES IN THE ASIA-PACIFIC REGION AND

CROWDEDNESS .................................. 30

VI. SUMMARY AND CONCLUSIONS ..................... 42

VII. ANNEX ......................................... 46

VIII. REFERENCES .................................... 56

IX. NOTES ON CONTRIBUTORS/ACKNOWLEDGMENTS ...... 58