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Gary Shoup - Currency Risk Management: A Handbook for Financial Managers, Brokers, and Their Consultants

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Currency Risk Management: A Handbook for Financial Managers, Brokers, and Their Consultants: summary, description and annotation

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Concentrates on an important area of good business practice, the prudent and skilful management of currency risk. The book offers a simple, direct approach to understanding the basic and advanced concepts of currency risk management, aimed at a broad range of financial industry professionals.

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title Currency Risk Management A Handbook for Financial Managers - photo 1

title:Currency Risk Management : A Handbook for Financial Managers, Brokers, and Their Consultants
author:Shoup, Gary.
publisher:AMACOM Books
isbn10 | asin:0814404391
print isbn13:9780814404393
ebook isbn13:9780814424506
language:English
subjectForeign exchange futures, Foreign exchange futures--Examinations, questions, etc.
publication date:1998
lcc:HG3853.S562 1998eb
ddc:332.645
subject:Foreign exchange futures, Foreign exchange futures--Examinations, questions, etc.
Page i
Currency Risk Management
A Handbook for Financial Managers, Brokers, and Their Consultants
Gary Shoup
Page ii 1998 Center for Futures Education Inc - photo 2
Page ii 1998 Center for Futures Education Inc ISBN 0-8144-0439-1 - photo 3
Page ii
1998 Center for Futures Education, Inc.
ISBN: 0-8144-0439-1
All rights reserved. No part of this book may be reproduced in any form or by any means, electronic, mechanical photocopying, recording, or otherwise without the prior written permission of the publisher.
Printed in the United States of America.
AMACOM
American Management Association
1601 Broadway
New York, New York 10019
Visit the American Management Association and AMACOM on-line at
http:\\ www.amanet.org
Page iii
Table of Contents
Acknowledgments
vii
About the Author
ix
Preface
xi
Introduction
1
Chapter OneAn Overview
7
Picture 4
The Various Exposures
11
Picture 5
Foreign Currency Management
12
Picture 6
Transactional Hedging: An Example of How to Manage Accounting Exposure
16
Picture 7
Is Hedging the Answer?
20
Picture 8
Conclusion
20
Chapter TwoThe Competitive Edge
23
Picture 9
The Currency Markets
24
Picture 10
The Interbank
26
Picture 11
Interbank Operations
28
Picture 12
Interbank vs. Exchange Contracts
35
Picture 13
Servicing the Client
42

Page iv
Chapter ThreeBasic Concepts of Foreign Exchange
47
Picture 14
Types of Currencies
48
Picture 15
Exchange Rate Determination
49
Picture 16
Exchange Restrictions
52
Picture 17
Purchasing Power
54
Picture 18
Real and Nominal Rates
56
Picture 19
Interest Rate Parity
60
Picture 20
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