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612-822-4611
Arbitrage, Hedging, and Speculation: The Foreign Exchange Market

Arbitrage, Hedging, and Speculation: The Foreign Exchange Market

Hardcover

Business GeneralInvesting & Finance

ISBN10: 1567205828
ISBN13: 9781567205824
Publisher: Praeger
Published: Apr 30 2004
Pages: 232
Weight: 1.09
Height: 0.91 Width: 6.48 Depth: 9.54
Language: English
Explains arbitrage, hedging, and speculation from the standpoint of a participant in the foreign exchange market--whether an individual trader or an institutional trader--who possesses analytical skill, economically sound judgment, and who has access to market data. In the foreign exchange market, arbitrage involves the simultaneous purchase and sale of a currency in different markets; the profit comes from the difference in the buying and selling prices. Hedging and speculation are opposing strategies for dealing with risk; hedging is a cover, and speculation is an assumption of risk. Authors also discuss futures, swaps, forward contracts, and other strategies. For financial scholars, students, analysts, and currency traders.

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