International Financial Markets
Designed to provide readers with a solid framework for exploring financial markets as markets, this best-selling book dellineates the basic rules of the game in each of the three major international financial markets: foreign exchange, eurocurrencies, and international bonds, and conveys an intuitive feel for market dynamics. KEY TOPICS: Blends theory and institutional accounts. Considers the interbank market in foreign exchange. Explains how to hedge with FX forwards, futures, and options. A new chapter explores aspects of the European Monetary System in two separate discussions: historical background and general features; and the technical details of the Exchange Rate Mechanism. For readers interested in International Financial Markets. The previous edition ISBN is 0-13-500612-0.
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THE RISE AND FALL OF BRETTON WOODS
GLOBALIZATION AND THE GROWTH
FOREIGN EXCHANGE MARKETS
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American amount arbitrage assets bid/asked spread billion bond issue borrower Bretton Woods buyer calculated call option capital cash flow central bank Chapter cost countries coupon bond coupon payments current account debt delta deposits discount domestic currency economic equation eurobank eurobond eurocurrency eurodollar futures European call example exercise price expected expiration fixed floating-rate note forecasting foreign currency foreign exchange market forward contract forward exchange French franc futures contract futures price futures-style option FX futures FX options Germany gold hedge interbank market interest parity interest rates Japanese lead manager lending LIBOR loan margin marketmakers maturity monetary option on spot options on futures percent period portfolio position pound premium purchase put option real exchange rate reserves risk sell six-month spot exchange spot rate strike price swap swaption Swiss franc syndicate three-month trade transactions U.S. dollar United volatility