How the foreign exchange market works /
Rudi Weisweiller.
- New York, N.Y. : New York Institute of Finance, c1990.
- xvi, 212 pages : illustration ; 23 cm.
Includes bibliographical references (p. 187-191) and index.
Why foreign exchange? How the market works Foreign exchange five choices Money across frontiers Bretton Woods and after Currency areas and currency reserve The European currency Gold World liquidity and special drawing rights Currency freedom Capital movements Speculators The causes of currency crises and their cure Eurodollars Forecasting exchange rates Why exchange rates change The dealing room New instruments Financial futures Currency options
Tending to one's own trade and production and letting foreign exchange issues take their course was once a credible way to conduct business. No longer. As "How the Foreign Exchange Market Works" clearly demonstrates, the growth of international business and the spread of multinational corporations have made the dynamic foreign exchange market a major concern for business in the 1990's and beyond. And, with the growing interdependence of the world financial markets, investors naive to the global currency markets will see their fortunes dwindle.London-based financial authority and market practitioner Rudi Weisweiller brings the key Forex issues home for investors and financiers alike.