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- W2024855229 abstract "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/US$) 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." @default.
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- W2024855229 date "2004-01-01" @default.
- W2024855229 modified "2023-10-16" @default.
- W2024855229 title "Nondeliverable forward market for Chinese RMB: A first look" @default.
- W2024855229 doi "https://doi.org/10.1016/j.chieco.2004.03.004" @default.
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