Arbitrage, Hedging, and Speculation : The Foreign Exchange Market PDF
by Clark Ephraim Clark, Ghosh Dilip K. Ghosh
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Description
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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- Format:PDF
- Pages:232 pages
- Publisher:Bloomsbury Publishing (USA)
- Publication Date:30/04/2004
- Category:
- ISBN:9780313059292
Information
-
Download Now
- Format:PDF
- Pages:232 pages
- Publisher:Bloomsbury Publishing (USA)
- Publication Date:30/04/2004
- Category:
- ISBN:9780313059292