Foreign Exchange Handbook: Managing Risk and Opportunity in Global Currency Markets
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Author Description
Describes how professional traders price and trade spot, forward, and currency option markets; explores transaction, economic, and accounting exposures, telling how to identify, measure, and manage them; discusses methods for making foreign currency products and strategies work for a specific business; and analyzes the different credit risks, showing how to measure them and offering suggestions for risk management. Annotation copyright Book News, Inc. Portland, Or.
Menrva's Summary
THE THESIS
This text investigates the mechanisms of global currency markets and the practical methodologies required for businesses to identify, measure, and mitigate foreign exchange risk. Don Dixon and Paul L. Bishop leverage their professional expertise to provide a comprehensive framework for navigating the complexities of spot, forward, and currency option markets. The authors argue that effective risk management is not merely defensive but a strategic component of international business operations.
THE SCOPE MAP
What You Will Find
- Technical analysis of pricing and trading in spot, forward, and currency option markets
- Methodologies for assessing transaction, economic, and accounting exposures
- Strategies for integrating currency products into specific business models
- Quantitative approaches to measuring and managing credit risks
Scope Limits
- The text focuses primarily on corporate and professional trading applications rather than retail day-trading strategies
- It does not provide real-time market data or predictive forecasting tools for specific currency pairs
THE AUTHORITY PERSPECTIVE
Experts identify this work as a technical resource for financial professionals and corporate treasurers seeking to formalize their currency risk management protocols. Readers frequently note the density of the prose, which is tailored for those already possessing a foundational understanding of international finance and market mechanics.
Page Count:
466
Publication Date:
1992-01-01
ISBN-10:
0070054746
ISBN-13:
9780070054745
Economics
Business
Finance
Investing