Structure, participants, and mechanisms of spot and forward markets.
To effectively manage foreign exchange risks, businesses should:
Engage in the market to hedge trade-related exposures. 2. Exchange Rate Determination
The 17th revised edition (2020) provides a comprehensive blend of theoretical and practical knowledge regarding foreign exchange economics and bank procedures. :
His writing is renowned for translating the often intimidatingly complex world of international finance into digestible, practical knowledge. He doesn't just dwell in theory; his work is recognized for providing a robust blend of with the practical and procedural aspects of banks and other institutions . This dual approach is what sets his book apart. It is not merely an academic text; it is a functional manual for professionals dealing with cross-border financial transactions.