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

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

by Bob Steiner
 

ISBN-10: 0750650257

ISBN-13: 9780750650250

Pub. Date: 03/11/2002

Publisher: Elsevier Science

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 that make it a highly dynamic and volatile arena. This book addresses the practical applications of foreign currency trading and money market trading and provides

Overview

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 that make it a highly dynamic and volatile arena. This book addresses the practical applications of foreign currency trading and money market trading and provides comprehensive coverage of these markets. Coverage includes:

  • What the instruments are
  • How and why they are used - by both bank dealers and corporate end-users
  • How the different instruments are linked one to another
  • How you price them
  • Structure of the market, EMU etc
  • The range of risks arising from dealings in these instruments that affect banks and corporates
  • How these risks are measured and managed

  • Brings together a range of practical, relevant material on Foreign Exchange and money market trading
  • Focuses on trading situations as well as on calculations
  • International in coverage, the concepts and methods covered are not restricted to any country or institution

Product Details

ISBN-13:
9780750650250
Publisher:
Elsevier Science
Publication date:
03/11/2002
Series:
Securities Institute Global Capital Markets Series
Pages:
352
Product dimensions:
0.88(w) x 6.14(h) x 9.21(d)

Table 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 arbitrageand 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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