An edition of Foreign Exchange Market: An Introduction
(2013)
Foreign Exchange Market: An Introduction
by A. P. Faure
Share
×Close
Last edited by Tom Morris
February 4, 2018 | History
It is an understatement to say that the forex markets of the world are immense. The high level of turnover indicates that the forex market is an efficient market, ie price discovery is sound. It is a quote-driven market (as opposed to an order-driven market) and it is firmly the banks’ province. They quote bid and offer rates simultaneously once the volume of the transaction is disclosed, and the quote recipient can deal either side of the quote. As in the spot forex market, the derivative forex market is efficient, allowing, for example, a company to do a large forward deal as quickly as a spot deal.
You can download the book for free via the link below.
Publish Date
2013
Publisher
Bookboon.com
Check nearby libraries
Buy this book
Subjects
Economics and Finance| Edition | Availability |
|---|---|
1
|
aaaa
|
Book Details
Table of Contents
Content
Essence
Learning objectives
The foreign exchange market in a nutshell
Organisational structure of the forex market
Monetary unit
Foreign exchange and bank deposits
International spot rate quotation conventions
Two-way spot prices
Spread
Cross rates
Foreign exchange risk: appreciation and depreciation
Spot and derivative forex markets
Why exchange rates are important
Summary
Bibliography
Derivatives: forwards
Learning objectives
Introduction
Derivatives markets
Definition of a forward
Types of forwards
Outright forward foreign exchange contracts: functions and pricing
Forward exchange market
Summary
Bibliography
Derivatives: futures, options & swaps
Learning objectives
Introduction
Currency futures
Currency options
Currency swaps
Summary
Bibliography
Risks other than currency risk & other risk management tools
Learning objectives
Introduction
Risks other than currency risk in investments
Other risk mangement tools
Summary
Bibliography
Participants
Learning objectives
Introduction
Authorised dealer banks
Foreign exchange brokers
Foreign banks
Central bank
Government
Retail clients
Non-bank authorised dealers
Corporate sector
Arbitrageurs
Speculators
Summary
Bibliography
Effect on money stock & money market liquidity
Learning objectives
Introduction
Money identity
Money market identity
Purchases and sales of forex, M and the liquidity shortage
Forward market operations of the central bank
Forex swaps by the central bank
Summary
Endnotes
ID Numbers
Links outside Open Library
Community Reviews (0)
Feedback?
| February 4, 2018 | Edited by Tom Morris | merge authors |
| November 20, 2014 | Edited by Alice Kirk | Edited without comment. |
| October 29, 2014 | Edited by Alice Kirk | Edited without comment. |
| October 29, 2014 | Created by Alice Kirk | Added new book. |