Foreign exchange : a practical guide to the FX markets
著者
書誌事項
Foreign exchange : a practical guide to the FX markets
John Wiley & Sons, c2006
大学図書館所蔵 全5件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
Includes bibliographical references (p. 301-309) and index
内容説明・目次
内容説明
Praise for Foreign Exchange
"Tim Weithers starts by telling the reader that foreign exchange is not difficult, just confusing, but Foreign Exchange: A Practical Guide to the FX Markets proves that money is much more exciting than anything it buys. This useful book is a whirlwind tour of the world's largest market, and the tour guide is an expert storyteller, inserting numerous fascinating insights and quirky facts throughout the book."
-John R. Taylor, Chairman, CEO and CIO, FX Concepts
"The book reflects the author's doctorate from the University of Chicago, several years' experience as an economics professor, and, most recently, a very successful decade as an executive at a huge international bank. These fundamental ingredients are seasoned with bits of wisdom and experience. What results is a very tasty intellectual stew."
-Professor Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College
"In this book, Tim Weithers clearly explains a very complicated subject. Foreign Exchange is full of jargon and conventions that make it very hard for non-professionals to gain a good understanding. Weither's book is a must for any student or professional who wants to learn the secrets of FX."
-Niels O. Nygaard, Director of Financial Mathematics, The University of Chicago
"An excellent text for students and practitioners who want to become acquainted with the arcane world of the foreign exchange market."
-David DeRosa, PhD, founder, DeRosa Research and Trading, Inc., and Adjunct Professor of Finance, Yale School of Management
"Tim Weithers provides a superb introduction to the arcana of foreign exchange markets. While primarily intended for practitioners, the book would be a valuable introduction for students with some knowledge of economics. The text is exceptionally clear with numeric examples and exercises that reinforce concepts. Frequent references are made to the economic theory behind the trading practices."
-John F. O'Connell, Professor of Economics, College of the Holy Cross
目次
Preface. Acknowledgments.
CHAPTER 1: Trading Money.
Introduction.
Trading Money.
The Roles Money Plays.
The Major Currencies.
Some Interesting Questions.
Appendix: Countries, Currencies, and ISO Codes.
CHAPTER 2: Markets, Prices, and Marketmaking.
What Is a "Market"?
What Is a "Price"?
Buyers and Sellers.
Marketmaking.
Summary.
CHAPTER 3: Interest Rates.
What Are "Interest Rates"?
Inflation.
Day Count or Day Basis.
Compounding.
Discounting.
Types of Interest Rates.
Interest Rates in the Real World.
CHAPTER 4: Brief History of Foreign Exchange.
Historical Background.
The FX Markets Today.
The Regulatory Environment and Central Bank Intervention.
Summary.
CHAPTER 5: The Foreign Exchange Spot Market.
The Spot Market.
Spot FX Quoting Conventions.
Economic Interpretation.
Purchasing Power Parity.
Cross Rates and Triangular Arbitrage in the Spot Market.
The Bid-Ask Spread in Foreign Exchange.
Timing.
Settlement.
Market Jargon.
"The Best Arbitrage Around!"
CHAPTER 6: Foreign Exchange Forwards.
Introduction to Forwards and Forward Pricing.
Foreign Exchange Forwards and Forward Pricing.
Interest Rate Parity (Covered Interest Arbitrage).
FX Spot-Forward Arbitrage.
FX Forward Price Quotes and Forward Points.
Timing.
Off-Market Forwards.
Foreign Exchange Forwards in the Real World.
CHAPTER 7: Foreign Exchange Futures.
Background.
Futures versus Forwards.
Foreign Exchange Futures Contract Specifications.
Margin.
Why Use Futures?
Options on FX Futures.
Summary.
CHAPTER 8: Foreign Exchange Swaps or Cross-Currency Swaps or Cross-Currency Interest Rate Swaps or . . . .
Introduction.
FX Spot-Forward Swaps.
Cross-Currency Swaps or FX Cross-Currency Interest Rate Swaps or FX Bond Swaps.
Summary.
CHAPTER 9: Foreign Exchange Options.
Option Basics.
Equity Options.
Put-Call Parity with Equity Options.
In-the-Money, At-the-Money, and Out-of-the-Money.
Theoretical Option Value and Option Risk Measures ("The Greeks").
Foreign Exchange Options.
Put-Call Parity in Foreign Exchange.
Perspective Matters.
FX Option Premium.
Volatility.
Uses and Strategies.
Appendix: Theoretical Option Valuation.
The Binomial Model.
The Black-Scholes/Garman-Kohlhagen Model.
The Garman-Kohlhagen Option Risk Measures or "Greeks".
CHAPTER 10: Exotic Options and Structured Products.
What Is an Exotic Option?
Nonstandard Options.
Digital or Binary Options.
Barrier Options.
Other Exotic Options.
FX-Linked Notes.
CHAPTER 11: The Economics of Exchange Rates and International Trade.
Money versus Currency.
Types of FX Exposures.
Fixed versus Floating Exchange Rates.
Implications of Monetary Policy.
Trade Deficits: A Curse or a Blessing.
Politics and Economics.
CHAPTER 12: Currency Crises.
The End of Bretton Woods.
Bankhaus Herstatt.
The ERM Crisis of 1992.
The Asian Crisis of 1997.
The Russian Crisis of 1998.
The Turkish Lira Crisis of 2001.
The Argentinean Peso Crisis of 2002.
Summary.
CHAPTER 13: Technical Analysis.
Introduction.
What Is Technical Analysis?
Methods of Technical Analysis.
Technical Analysis in Foreign Exchange.
Technical Analysis Today.
Summary.
CHAPTER 14: Where Do We Go From Here?
CHAPTER 15: Conclusion.
APPENDIX.
Precious Metals.
Answers to the Chapter Exercises.
Notes.
References.
About the Author.
Index.
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