1.

Record Nr.

UNINA9910780905003321

Autore

Clark Ephraim, professor

Titolo

Arbitrage, hedging, and speculation [[electronic resource] ] : the foreign exchange market / / Ephraim Clark and Dilip K. Ghosh

Pubbl/distr/stampa

Westport, Conn., : Praeger, 2004

ISBN

1-282-41776-2

9786612417764

0-313-05929-2

Descrizione fisica

1 online resource (232 p.)

Altri autori (Persone)

GhoshDilip K <1942-> (Dilip Kumar)

Disciplina

332.4/5

Soggetti

Arbitrage

Hedging (Finance)

Speculation

Foreign exchange market

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Arbitrage, hedging, and speculation : the foreign exchange market -- Currency futures, swaps, and hedging -- Currency options -- Hedging and trading strategies : simple options and exotics -- Arbitrage and hedging with spot forward contracts -- Arbitrage and hedging with options -- Arbitrage and hedging with forward forward contracts in interest rates -- Speculations in the foreign exchange market.

Sommario/riassunto

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 a