Do FX traders in Bishkek have similar perceptions to their London colleagues? Survey evidence of market practitioners' views
Andreas M. Fischer and Ulan Termechikov
C42, F31, G14
foreign exchange traders, survey study, microstructure, FX interventions
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.