The Global Foreign Exchange Market

An Interpretation of the Bank for International Settlements' Survey of Foreign Exchange and Derivatives Market Activity, 2007

Bibliographic Data

ID12577495
AuthorsDick Bryan (0009-0003-9582-2196, corresponding author)
Year2008
Volume22
Issue4
Pages491-505
Publication date2008-10-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueGlobal Society (JOURNAL)
Journal identifiersISSN: 1360-0826 • E-ISSN: 1469-798X
PublisherTaylor & Francis (PUBLISHER • GB)
DOI10.1080/13600820802366433
OpenAlexW2139392780
LanguageEN
Citations received1

Markets for foreign exchange derivatives are turning over $US 5.5 trillion per day and they are having a critical economic and social impact. But they are little understood in the international relations and international political economy (IPE) literature. This paper introduces the key themes of derivative markets and reports on the results of the most recent Bank for International Settlements' triennial survey of global foreign exchange and derivative markets. As well as reporting the enormous scale of growth of these markets, the paper analyses the trends, especially regarding the declining role of the US dollar and the changing roles of different sorts of financial institutions in global financial markets. Finally, it explores what the data indicate about whether these markets can be characterised as being driven by “speculation”

Business · Derivative (finance · Derivatives market · Economics · Financial economics · Financial market · Foreign exchange · Foreign exchange market · Human settlement · International economics · Interpretation (philosophy · Liberian dollar · Monetary economics · Speculation · Global Financial Crisis and Policies · Finance

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