Arbitrage, Hedging, and Speculation

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Arbitrage, Hedging, and Speculation The Foreign Exchange Market

Ephraim Clark, Dilip K. Ghosh

ISBN: 1-56720-582-8

ISBN-13: 978-1-56720-582-4

DOI:

232 pages

Praeger Publishers

Publication: 4/30/2004

List Price: $75.00 (UK Sterling Price: £51.95)

Discount Price: $37.50 Sale Price for U.S. Customers Only. Save 50%. Ends 12/31/2009.

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Media Type: Hardcover

Also Available: Ebook

Trim Size: 6 1/8 x 9 1/4

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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.

Table of Contents:

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 Contracts in Interest Rates
Speculations in the Foreign Exchange Market

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.

LCC Class: 332


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