Development of Inter-bank Foreign Exchange Market in Mongolia

• 발행기관: KINFORMS
• 저자명: Z. Oyuntsatsral
• 간행물 정보: 『Management Review: An International Journal』Vol.6 No.2, 62~96쪽, 전체 35쪽
• 주제분류: 사회과학 > 사회과학일반
• 파일형태: PDF
• 발행일자: 2011.12.30

영문 초록

Inter-bank markets are very limited in Mongolia, even for the basic instrument of money market placement. There is slightly more activity in foreign exchange markets–but the market is still very limited-with the basic instrument being purchases and sales of USD against MNT. Many of the banks have no need, or are not in a position, to use interbank markets. Banks are overly liquid, a reflection of the level of economic activity and the more restrictive credit stance being taken by banks in the aftermaths of widespread banking failures. This, in turn, has led to banks being much more selective with respect to counterparties, with an obvious impact on the demand for interbank products. The most effective way is the use of financial derivatives. It is a very frequently case for business organizations to be effected by the currency rate risk but it can be protected by the operation through banks. One possible way protect from currency rate change in the country is to use a new kind of markets (futures, forward, options etc.) that should be established, and it is important to liberate inter-bank FX market. In conclusion, this paper will define how it will influence the economy and monetary policy of the country. In addition, the Mongolian banking sector is an important in the Mongolian financial sector.

목차

INTRODUCTION

LITERATURE REVIEW

THEORETICAL FRAMEWORK

SITUATION ANALYSIS

SITUATION OF INTER-BANK FX MARKET IN MONGOLIA

INSTITUTIONS, INSTRUMENTS, AND MARKETS OF FX IN MONGOLIA

OPTIONS FOR DEVELOPMENT OF AN INTER-BANK FOREIGN EXCHANGE MARKET IN MONGOLIA

TEN MESSAGE CATEGORIES ARE LISTED BELOW

CONCLUSION

REFERENCES

키워드

Bank management Financial derivatives FX market Inter-bank activities SWIFT