Investing in the vital foreign exchange and money markets is introduced. Offers a working understanding of the markets and their respective systems. Describes all aspects of trading calculations including spot calculations, forwards, short dates, adjustments, and artificial currency units. Examines new market areas, from currency swap and currency option markets to ``third generation'' hedging products. Discusses a variety of related money market instruments.
Since the beginning of the 1990s enormous changes have reshaped the foreign exchange markets; the swaps markets has grown significantly, the euro looms large, and derivative instruments are increasing daily. These considerable developments have drastically changed the way international business will be conduced over the next decade. In this revised and expanded guide, foreign exchange and money markets expert Julian Walmsley provides investors and corporate officers with practical and accessible guidance on every important market around the world.
An Introduction
Walmsley is a well-known financial author and a respected authority in international investing, trading and risk management. In this superb introductory text, he discusses the enormous changes which have occurred during the past few years in foreign exchange markets and the impact they will have on the manner in which international business will be conducted over the next decade. Includes comprehensive coverage of daily financial management and control issues.