Foreign Exchange and Money Markets

Foreign Exchange and Money Markets

Theory, Practice and Risk Management

Steiner, Bob (Managing Director of Markets International Ltd.)

Elsevier Science & Technology

02/2002

352

Dura

Inglês

9780750650250

15 a 20 dias

Floating rates, central-bank intervention, derivatives trading and the very high volumes of speculative and round-the-clock trading are just a few of the facets of the foreign exchange marketplace. Providing comprehensive coverage of these markets, this book addresses the practical applications of foreign currency trading and money market trading.
Some basic concepts Essential financial arithmetic Overview of money market instruments Deposits and coupon-bearing instruments Discount instruments Forward interest rates, FRAs and introduction to futures Spot foreign exchange; Forward outrights and swaps Hedging swaps with deposits, FRAs and futures, covered interest arbitrage and creating synthetic FRAs Managing the spot risk on a forward FX position Currency relationships Bank risk management Corporate risk management Answers to the exercises
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