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The PostWar System of Foreign Exchange
Organisation of the Market
S How the Market Works
6 other sections not shown
abroad amount authorised authorities balance Bank of England bankers borrowing Bretton Woods system buying and selling buying or selling cent Central Banks Chapter concerned counterpart countries cover covered interest arbitrage D.mark deal deposits depreciation devaluation devaluation-prone currency discount discrepancies effect Euro-currency market Euro-sterling exchange control exchange movements exchange rates exchange risk exports extent favourable fluctuations foreign currencies foreign exchange dealers foreign exchange departments foreign exchange market foreign exchange transactions forward contracts forward exchange forward margins forward rates funds gold standard hedging important increase influences instance inter-bank sterling market interest arbitrage interest parities interest rates investment dollars liable limits London losses maturities means ment monetary non-resident official intervention open positions payments period possible practice premium profit margins purchasing power parities quotation short positions short-term space arbitrage speculative spot exchanges spot rates Sterling Area support points swap Swiss franc tend theory tion transfers uncovered usually