Template-type: ReDIF-Paper 1.0
Author-Name: Andreas M. Fischer
Author-Name-First: Andreas M.
Author-Name-Last: Fischer
Author-Person: pfi23
Author-Name: Ulan Termechikov
Author-Name-First: Ulan
Author-Name-Last: Termechikov
Title: Do FX traders in Bishkek have similar perceptions to their London colleagues? Survey evidence of market practitioners' views
Abstract: We ask whether FX dealers from Kyrgyzstan, a low income country, have similar perceptions to FX dealers from other international financial centers. Perceptions of Kyrgyz FX dealers in the interbank market are tested using detailed survey data against survey information from five major financial centers. The survey evidence finds that the FX dealers' responses from the Kyrgyz interbank market differ from those from other international financial centers. Stark differences arise in the perceptions concerning the effectiveness of central bank interventions and the influence of speculation.
Length: 31 pages
Creation-Date: 2007
Contact-Email: forschung@snb.ch
File-URL: https://www.snb.ch/en/publications/research/working-papers/2007/working_paper_2007_01
File-Format: text/html
Number: 2007-01
Classification-JEL: C42, F31, G14
Keywords: foreign exchange traders, survey study, microstructure, FX interventions
Handle: RePEc:snb:snbwpa:2007-01