1st Edition
The Forward Market in Foreign Exchange A Study in Market-making, Arbitrage and Speculation
By Brendan Brown
Copyright 1983
162 Pages
by
Routledge
162 Pages
by
Routledge
162 Pages
by
Routledge
Also available as eBook on:
Originally published in 1983. With the prevailing uncertainties and wild fluctuation in exchange values at the time, the forward market in foreign exchange had become a vital issue for both governments and business corporations. This book by an expert practitioner in foreign exchange dealing describes how the forward market functions and analyses the constituent elements in its behaviour.
The... Read more
Foreword Part 1: Market-Making 1. Who Makes the Market? 2. The Swap Market 3. The Outright Forward Market 4. Currency Triangles Part 2: Arbitrage 5. Triangular Arbitrage 6. Political Risk in the Swap/Deposit Triangle 7. Official Intervention in the Deposit/Swap Triangle Part 3: Speculation 8. Choosing the Speculative Numeraire 9. Speculative Vacuums 10. Inflation and the Forward Market
Biography
Brendan Brown
