Foreign Exchange and Money Markets - Theory, Practice and Risk Management

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.

List of contents

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

Product details

• Authors: Bob Steiner
• Publisher: ELSEVIER SCIENCE BV
• Languages: English
• Product format: Hardback
• Released: 22.02.2002
• EAN: 9780750650250
• ISBN: 978-0-7506-5025-0
• No. of pages: 352
• Series: Securities Institute Global Capital Markets Series; Securities Institute Global Ca; Securities Institute Global Ca; Securities Institute Global Capital Markets Series
• Subjects: Guides > Law, job, finance; Social sciences, law, business > Business > Individual industrial sectors, branches