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Table Of Contents

1.4 Fiddling with the price of money
1.5 The problem with paper (fiat) money: inflation
1.6.1 Loan banking
1.6.2 Deposit banking
1.6.3 Fractional reserve banking
1.6.6 Overnight central bank lending
1.6.7 Central bank open market operations
1.7 Summary
2.1 Earliest history
2.2 Medieval times
2.3 The New World
2.4 The Gold Standard
2.5 Early 20th
2.6 Floating exchange rates since 1973
2.7.1 The Euro
2.7.2 The yuan
2.8 Summary
3.1 What is foreign exchange?
3.2 Role of the “exchange rate”
3.3.1 Exchange rate pegs
3.3.2 Shortcomings of fixed-rate systems
3.3.3 Semi-fixed systems
3.3.4 Floating exchange rate systems
3.3.5 Managing floating exchange rates
3.4 Summary
4.1.1 The Law of One Price
4.1.2 Absolute Purchasing Power Parity
4.1.3 Relative Purchasing Power Parity
4.1.4 Empirical Observations regarding PPP
4.1.5 Reasons why PPP does not tend to hold
4.2. Interest Rate Factors
4.3.1 The Current account
4.3.2 The Financial Account
4.4 Overshooting Exchange Rates
4.5 Summary
5.1.1 The Interbank Market
5.1.2 “Standardization” or “regulation” in the foreign exchange market
5.1.3 Foreign exchange is also traded on “organized” exchanges
5.2.1 The global growth in forex trading
5.2.2 London is the centre of the Forex Market
5.3 The foreign exchange market day
5.4.1 The US dollar (USD)
5.4.2 Major currencies
5.4.3 Minor currencies
5.4.4 Exotic currencies
5.4.5 Emerging market currencies
5.4.6 Currency Baskets
5.5 Summary
6.1 Exporters and importers
6.2.1 Foreign direct investments
6.2.2 Foreign portfolio investments
6.3.1 Proprietary trading
6.3.2 Participants classified according to other criteria
6.4 Central banks (governments)
6.5.1 Market Makers
6.5.2 Brokers
6.5.3 Practical operations in the Forex Market
6.6 Summary
7.1.1 Spot market characteristics: Price quotation
7.1.2 Spot market characteristics: Contract sizes
7.1.3 Spot market characteristics: Time factors and value date
7.1.4 Spot market characteristics: The rollover
7.1.5 Spot market characteristics: Cross Currencies
7.2 Summary
8.1 Foreign Exchange – a new asset class
8.2.1 Initial margin
8.2.2 Margin requirements
8.3.1 How leverage beat the professors
8.3.2 Leverage explained
8.4.1 Technical analysis
8.4.2 Fundamental analysis
8.4.3 Relational analysis
8.5.1 Market risk
8.5.2 Exchange rate risk (also ‘currency risk’)
8.5.3 Counterparty / Credit risk
8.5.4 Liquidity risk
8.5.5 Common-factor risk
8.5.6 Event risk
8.5.7 Model risk
8.5.8 Trader / Manager risk
8.5.9 Performance measurement risk
8.5.10 Operational risk
8.6.1 Investment funds
8.6.2 Managed forex accounts
8.6.3 Certificates of deposit
8.6.4 Currency warrants and CFDs (Contracts for difference)
8.6.5 Self-directed trading
8.7 Summary
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Published by: bguntury2445 on Sep 13, 2011
Copyright:Attribution Non-commercial


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