Arbitrage, Hedging, and Speculation : The Foreign Exchange Market

Arbitrage, Hedging, and Speculation : The Foreign Exchange Market

Editorial Reviews
Book Description
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 also discuss futures, swaps, forward contracts, and other strategies. For financial scholars, students, analysts, and currency traders.

About the Author
EPHRAIM CLARK is Professor of Finance at Middlesex University in London. DILIP K. GHOSH is KLSE Professor of Finance at Rutgers University.

Arbitrage, Hedging, and Speculation : The Foreign Exchange Market,Ephraim Clark,Dilip K. Ghosh,Praeger Publishers,1567205828,Arbitrage,Business & Economics,Business / Economics / Finance,Business/Economics,Finance,Foreign Exchange,Foreign exchange market,Hedging (Finance),Speculation,Business & Economics / Finance

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