1.4 Money - foreign exchange

This paper looks at:

·        Currency codes

·        Exchange rates

·        Involvement of the central bank

·        Relevant economic indicators

·        Spot, forward and other FX transaction types

·        Long and short positions

·        The carry trade

·        Emerging market currencies

·        Onshore and offshore markets

·        Non-deliverable forwards (NDFs)

·        Emerging market contagion

·        Pegged and managed currencies

·        Some observations on the HKD/USD peg

·        Capital controls

The paper has 14 pages