Floating rates, central-bank intervention, derivatives trading and the very high volumes of speculative and round-the-clock trading are just a few of the facets of the foreign exchange marketplace that make it a highly dynamic and volatile arena. This book addresses the practical applications of foreign currency trading and money market trading and provides comprehensive coverage of these markets. Coverage includes:



What the instruments are
How and why they are used - by both bank dealers and corporate end-users
How the different instruments are linked one to another
How you price them
Structure of the market, EMU etc
The range of risks arising from dealings in these instruments that affect banks and corporates
How these risks are measured and managed