| 000 | 00921camuu2200265 a 4500 | |
| 001 | 000001044420 | |
| 005 | 20000713131429 | |
| 008 | 990204s1999 si a b 000 0 eng | |
| 010 | ▼a 99017730 | |
| 020 | ▼a 047183128X | |
| 040 | ▼a DLC ▼c DLC ▼d C#P ▼d 244002 | |
| 049 | 0 | ▼l 151073723 ▼l 151081585 ▼l 151081293 |
| 050 | 0 0 | ▼a HG3821 ▼b .I54 1999 |
| 082 | 0 0 | ▼a 332.4/5 ▼2 21 |
| 090 | ▼a 332.45 ▼b I61 | |
| 245 | 1 3 | ▼a An introduction to foreign exchange & money markets / ▼c [edited by] Reuters. |
| 246 | 3 | ▼a Introduction to foreign exchange and money markets. |
| 260 | ▼a Singapore ; ▼a New York : ▼b John Wiley & Sons (Asia), ▼c 1999. | |
| 300 | ▼a 352 p. : ▼b ill. ; ▼c 25 cm. | |
| 440 | 0 4 | ▼a The Reuters financial training series. |
| 504 | ▼a Includes bibliographical references. | |
| 650 | 0 | ▼a Foreign exchange. |
| 650 | 0 | ▼a Foreign exchange futures. |
| 650 | 0 | ▼a Money market. |
| 710 | 2 | ▼a Reuters ltd. |
소장정보
| No. | 소장처 | 청구기호 | 등록번호 | 도서상태 | 반납예정일 | 예약 | 서비스 |
|---|---|---|---|---|---|---|---|
| No. 1 | 소장처 세종학술정보원/사회과학실(4층)/ | 청구기호 332.45 I61 | 등록번호 151073723 | 도서상태 대출가능 | 반납예정일 | 예약 | 서비스 |
| No. 2 | 소장처 세종학술정보원/보존서고(2층)/ | 청구기호 332.45 I61 | 등록번호 151081293 | 도서상태 대출가능 | 반납예정일 | 예약 | 서비스 |
컨텐츠정보
책소개
The Reuters Financial Training Series An Introduction to Foreign Exchange & Money Markets A new concept in financial education training, An Introduction to Foreign Exchange & Money Market is guides novices through the intricacies of the world's wealthiest capital exchange markets. This book sets out to give a clear understanding of how and why these markets function, and explains the associated jargon. Readers will be able to take a more detailed look at Money Market and Foreign Exchange instruments and will be able to examine, in particular, the parameters which must be defined in order to place a value on these instruments, together with basic valuation techniques. Key features include:
* Introductory sections defining terms and giving background to theories
* Examples and calculations of various types of foreign exchange and money market transactions and instruments
* Summaries and overviews at the end of each chapter recapitulating key points and definitions
* Quick quiz questions and answers to reinforce learning
* Further resources which point to other books, articles and internet tools to widen readers' comprehension and entrench their foundation in the subject.
Each book in the series is supported by the Wiley-Reuters Financial Training web site (www.wiley-rft.reuters.com). This regularly updated site offers a range of screens taken directly from the Reuters terminal, information on professional exams, web links to key institutional finance web sites and much more. This book will be of particular interest to novice traders, investors and trainers in financial institutions looking for a key introductory text. Endorsed by ACI Education, the educational arm of ACI - The Financial Markets Association, the book provides a comprehensive study for anyone and everyone involved in Foreign Exchange and Money Markets.
정보제공 :
목차
CONTENTS Part 1 - Money Markets and Foreign Exchange Section 1 Why are there Money Markets and Foreign Exchange? Introduction = 15 The Cash Markets = 16 Money Markets = 17 Where are the Money Markets? = 18 Foreign Exchange = 18 Why does FX Exist? = 19 Where are the FX Markets? = 19 How Did It all Start? = 20 Factors Influencing FX Rates = 21 What Drives FX Markets? = 21 Summary = 25 Quick Quiz Questions = 26 Overview = 27 Quick Quiz Answers = 28 Further Resources = 28 Section 2 How do the Money Markets and Foreign Exchange Work? Introduction = 31 Money Markets = 32 Central Banks = 32 Discount Markets = 33 Interbank Markets = 37 Interbank Offered Rates = 40 Interest Rates - Their Global Market Effects = 41 The Money Markets at Work = 45 Who Uses the Money Markets? = 46 Foreign Exchange = 48 The FX Deal = 49 Forward FX and the Money Markets = 52 The FX Markets at Work = 53 Who Uses FX Markets? = 58 Risk and Credit = 59 Market Risk = 59 Settlement Risk = 60 Credit Risk = 60 The Credit Review Process = 60 Credit Rating = 63 Regulation = 64 Summary = 65 Quick Quiz Questions = 66 Overview = 67 Quick Quiz Answers = 69 Further Resources = 69 Section 3 What Instruments are Used in the Markets? Introduction = 73 Money Market Instruments = 74 Negotiable Instruments = 75 Coupon Bearing Instruments = 76 Repos = 78 Discount lnstruments = 79 Derivatives = 82 Foreign Exchange Instruments = 85 FX Transactions = 86 FX Swaps = 91 Derivatives = 92 Summary = 96 Quick Quiz Questions = 97 Overview = 98 Quick Quiz Answers = 100 Further Resources = 100 Section 4 Trading in the Money Markets and Foreign Exchange Introduction = 105 Factors Influencing Trading = 107 Interest and Deposit Rates = 107 Position Control = 108 Arbitrage = 109 The Importance of News = 109 FX Dealers = 110 How Do They Operate? = 110 Where Do They Work? = 110 FX Dealing Tasks = 111 OTC Conversations and Traders' Days = 113 A Spot FX Deal = 114 A 3 Month FX Swap Deal = 116 24 hours in the Life of an FX Dealer = 117 24 hours in the Life of a Forward Dealer = 121 24 hours in the Life of a Voice Broker = 125 Electronic Trading Systems = 127 An Overnight FX Swap Deal - D2000-1 = 128 Trading on an Exchange = 129 Hand Signals = 131 Summary = 133 Quick Quiz Questions = 134 Overview = 135 Quick Quiz Answers = 136 Further Resources = 136 Part 2 - Money Market Instruments Section 1 Coupon Bearing Instruments Coupon Bearing Instruments = 141 Money Market Deposits = 141 Interbank Deposits = 141 Certificates of Deposit(CDs) = 147 CDs in the Market Place = 147 Repurchase Agreements(Repos) = 151 Summary = 152 Quick Quiz Questions = 153 Overview = 155 Quick Quiz Answers = 156 Further Resources = 157 Section 2 Discount Instruments Discount lnstruments = 161 Treasury Bills = 161 Valuing Treasury Bills = 161 Bills of Exchange／Banker's Acceptance = 165 Who Uses BAs = 165 Eligible BAs = 166 Valuing Bills of Exchange = 166 Commercial Paper(CP) = 169 Euro Commercial Paper(EURO CP, ECP) = 169 Valuing Commercial Paper = 169 Summary = 174 Quick Quiz Questions = 175 Overview = 176 Quick Quiz Answers = 177 Further Resources = 178 Section 3 Money Market Derivatives Derivative Instruments = 181 Hedging = 181 Forward Rate Agreements(FRAs) = 182 Terms and Specifications : Forward Rate Agreements(FRAs) = 182 Terms Used = 183 Valuing Forward Rate Agreements = 183 Comparing FRAs with Interest Rate Futures Contracts = 184 FRAs in the Market Place = 185 Interest Rate Futures = 191 Exchange Contracts = 191 Typical Contract Specifications = 192 Profit and Loss on a Futures Contract = 195 Hedging Revisited = 195 Speculation = 197 Relationship with OTC Forward Contracts = 198 Trading Strategies for Interest Rate Futures = 198 Interest Rate Swaps(IRS) = 202 Terms and Specifications = 203 Market Activity in IRSs = 203 Hedging with Interest Rate Swaps = 204 Interest Rate Swaps - Market Makers = 205 Valuing Interest Rate Swaps = 206 Swap Curves = 206 Options on Interest Rate Futures = 211 Exchange Traded Interest Rate Options = 212 Typical Contract Specifications = 213 Options on Interest Rate Futures in the Market Place = 214 Trading Strategies for Options = 215 Options on FRAs(Caps and Floors) = 217 Caps = 218 Floors = 219 Collars = 219 IRGs in the Market Place = 221 Swaptions = 223 What is a Swaption? = 223 Who Uses Swaptions? = 223 Swaptions in the Market Place = 224 Summary = 226 Quick Quiz Questions = 227 Overview = 231 Quick Quiz Answers = 232 Further Resources = 234 Part 3 - Foreign Exchange Instruments Section 1 Transaction Instruments Spot Transactions = 241 Currencies versus USD = 241 Terms and Specifications : Foreign Exchange = 242 Brokers = 244 Working Out a Net Position = 245 Average Rates = 245 Market-making : Using the Spread = 245 Calculating Profit and Loss = 246 Cross Rate Transactions = 248 Calculating Cross Rates = 249 Forward Outright Transactions = 251 Forward Points = 252 Discount or Premium? = 255 Around Par = 254 Forward Outright Transactions in the Market Place = 255 FX Swaps = 258 Forward Value Dates = 259 Swap Market Conventions and Terminology = 261 The FX Swap Deal Ticket = 262 Who Uses FX Swaps? = 263 Valuing FX Swaps = 266 Summary = 270 Quick Quiz Questions = 271 Overview = 276 Quick Quiz Answers = 277 Further Resources = 279 Section 2 FX Derivatives Synthetic Agreements for Foreign Exchange(SAFEs) = 283 Uses of SAFEs = 283 SAFEs in the Market Place = 284 Currency Futures = 285 Exchange Contracts = 286 Currency Futures in the Market Place = 287 Currency Swaps = 291 Comparing FX Swaps and Currency Swaps = 292 Uses of Currency Swaps = 292 Currency Swaps in the Market Place = 296 Currency Options-on Cash and on Futures = 303 Currency Options Trading = 304 Who Uses Currency Options? = 308 Currency Options in the Market Place = 309 Summary = 317 Quick Quiz Questions = 318 Overview = 320 Quick Quiz Answers = 321 Further Resources = 323