NDF market in RMB and others

リンク: Cynic's Delight: 05/29/2005 - 06/04/2005.

Thank you for the interestinhg article, dear Cynic Delight. Article of BIS was also quite interesting for me.

One thing which was on my mind for relatively long time is why Renminbi NDF market has grown up and why Malaysian ringgit NDF market has not grown up (if my understanding is right). Is the authority's grip on financial market is more tight and effective in cas of Malaysia? Or is Chinese authority more liberalized compared with Malaysian authority? Do market participants find little interest in the regime change or peg-rate change in Malaysia? Does quite tight regulation on the use of Ringgit outside of Malaysis lessen the willingness of speculators overseas to initiate something in NDF?