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Record Nr. |
UNINA9910814608203321 |
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Autore |
Shamah Shani |
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Titolo |
A currency options primer [[electronic resource] /] / Shani Shamah |
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Pubbl/distr/stampa |
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Chichester, West Sussex, England ; ; Hoboken, NJ, : Wiley, 2004 |
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ISBN |
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1-118-67328-X |
1-280-27256-2 |
9786610272563 |
0-470-87037-0 |
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Edizione |
[2nd ed.] |
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Descrizione fisica |
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1 online resource (211 p.) |
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Collana |
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Disciplina |
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Soggetti |
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Options (Finance) |
Foreign exchange |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Nota di contenuto |
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A Currency Options Primer; Contents; Disclaimer; 1 Introduction; 1.1 The forward foreign exchange market; 1.2 The currency options market; 1.3 The alternatives to currency options; 1.4 The users; 1.5 Whose domain?; PART I MARKET OVERVIEW; 2 The Foreign Exchange Market; 2.1 Twenty-four-hour global market; 2.2 Value terms; 2.3 Coffee houses; 2.4 Spot and forward market; 2.5 Alternative markets; 2.6 Currency options; 2.7 Concluding remarks; 3 A Brief History of the Market; 3.1 The barter system; 3.2 The introduction of coinage; 3.3 The expanding British Empire; 3.4 The gold standard |
3.5 The Bretton Woods system3.6 The International Monetary Fund and the World Bank; 3.7 The dollar rules OK; 3.8 Special drawing rights; 3.9 A dollar problem; 3.10 The Smithsonian agreement; 3.11 The snake; 3.12 The dirty float; 3.13 The European Monetary System; 3.14 The Exchange Rate Mechanism; 3.15 The European Currency Unit; 3.16 The Maastricht Treaty; 3.17 The Treaty of Rome; 3.18 Economic reform; 3.19 A common monetary policy; 1.20 A single currency; 3.21 Currency options; 3.22 Concluding remarks; 4 Market Overview; 4.1 Global market; 4.2 No physical trading floor |
4.3 A "perfect" market4.4 The main instruments; 4.5 Comparisons of options with spot and forwards; 4.6 The dollar's role; 4.7 Widely traded |
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currency pairs; 4.8 Concluding remarks; 5 Major Participants; 5.1 Governments; 5.2 Banks; 5.3 Brokering houses; 5.4 International Monetary Market; 5.5 Money managers; 5.6 Corporations; 5.7 Retail clients; 5.8 Others; 5.9 Speculators; 5.10 Trade and financial flows; 6 Roles Played; 6.1 Market makers; 6.2 Price takers; 6.3 A number of roles; 6.4 A number of roles - options; 6.5 Concluding remarks; 7 Purposes; 7.1 Commercial transactions; 7.2 Funding |
7.3 Hedging7.4 Portfolio investment; 7.5 Personal; 7.6 Market making; 7.7 Transaction exposure; 7.8 Translation exposure; 7.9 Economic exposure; 7.10 Concluding remarks; 8 Applications of Currency Options; 9 Users of Currency Options; 9.1 Variety of reasons; 9.1.1 Example 1; 9.1.2 Example 2; 9.1.3 Example 3; 9.2 Hedging vs speculation; Glossary of foreign exchange terms; PART II CURRENCY OPTIONS - THE ESSENTIALS; 10 Definitions and Terminology; 10.1 Call option; 10.2 Put option; 10.3 Parties and the risks involved; 10.4 Currency option risk/reward perception |
10.5 Currency or dollar call or put option?10.6 Strike price and strike selection; 10.7 Exercising options; 10.8 American and European style options; 10.9 In-, at- or out-of-the-money; 10.10 The premium; 10.11 Volatility; 10.12 Break-even; 11 The Currency Option Concept; 12 The Currency Options Market; 12.1 Exchange vs over-the-counter; 12.2 Standardised Options; 12.3 Customised options; 12.4 Features of the listed market; 12.5 Comparisons; 12.6 Where is the market?; 12.7 Concluding remarks; 13 Option Pricing Theories; 13.1 Basic properties; 13.2 Theoretical valuation |
13.3 Black-Scholes model |
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Sommario/riassunto |
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A quick and concise guide to currency optionsAn understanding of currency options is essential for those working in investment and foreign exchange. A Currency Options Primer sets out to give readers a clear guide to how the currency option market functions, offering practical advice on mastering the necessary components and concepts for fully understanding the workings of this market. |
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