This study offers some insight into indirect interbank forint/euro trading through transaction-level data from the dominant electronic trading platform used on this market. We provide an in-depth view of the structure and liquidity of interbank foreign exchange trading by using simple,...

The global financial crisis posed as much of a challenge for the foreign exchange reserve policies of emerging countries as it did for their economic policies and financial systems. This pushed many countries into rethinking their strategies about foreign exchange reserves. This study presents...

This article deals with forint bonds issued by non-residents. We present the role of such bonds in financing the external debt in the domestic currency, as well as the typical cash flows associated with their issue and the related interest rate swaps. By buying so-called euroforint bonds issued...