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- Title
The use of foreign exchange markets by non-banks.
- Authors
O'Connor, James; Wackett, James
- Abstract
As part of its Market Intelligence programme, the Bank of England monitors developments in a range of financial markets, feeding information gathered from contacts into its monetary and financial stability policy processes. This intelligence provides the Bank with insights into a variety of rapidly evolving markets, including the foreign exchange market, where turnover has more than trebled over the past decade. This article draws on this intelligence, economic theory and market data to shed light on the role that non-bank participants — both financial and non-financial — play in the foreign exchange market.
- Subjects
MONETARY theory; BANKING industry; ECONOMICS; FOREIGN exchange market; BANK of England
- Publication
Bank of England Quarterly Bulletin, 2011, Vol 51, Issue 2, p119
- ISSN
0005-5166
- Publication type
Article