Cameron, Linda; Chapple, Bryan; Davis, Nick; Kousis, … - 2007
; and the foreign exchange market.
A good financial system
performs seven functions
In broad terms, a good financial … foreign
exchange market
6
) are relatively under-developed
7
i.e. are small and
lacking in depth and liquidity.
Firm …)
6
The foreign exchange market is relatively deep and liquid.
7
de Serres et al (2006), Price Waterhouse Coopers …