Petrodollar warfare

oil, Iraq and the future of the dollar

Meticulously researched, this book examines US dollar hegemony and the unsustainable macroeconomics of 'petrodollar recycling', pointing out that issues underlying the Iraq war also apply to geostrategic tensions between the US and other countries including the member states of the EU, Iran, Venezuela and Russia ...

The foreign exchange market of London

development since 1900

Managing global financial and foreign exchange rate risk

INDICE Chapter 1. Global Markets: Transactions and Risks. Chapter 2. Balance of Payments Exposure Management. Chapter 3. Foreign Exchange Rate Dynamics: Managing Exposure. Chapter 4. Application of Options and Futures for Managing Exposure. Chapter 5. Principles of Futures: Pricing and Applications. Chapter 6. Interest Rate ...

Monetary Unions and hard pegs

effects on trade, financial development, and stability

Eds. Volbert Alexander, Jacques Mélitz, George M. Von Furstenberg This book analyses formal approaches to overcoming monetary divisions within countries and within integrating regions, focusing on the consequences of monetary union for trade among union members and their financial development and stability ÍNDICE:PART I ...

Exhaustion of the dollar

its implications for global prosperity

The U.S. dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the proposition that the series of U.S. current-account deficits over the last twenty years will shortly exhaust the capability of the ...

Recent developments on exchange rates

This collection examines recent developments in exchange rate analysis. In the first part, two exchange rate models are proposed: a model which combines heterogeneous agents and transaction costs, and a dynamic general-equilibrium two-country sticky-price model. The second part of the book deals with econometric aspects ...

The political economy of exchange rate policy-making

from the gold standard to the Euro

Steven Kettell analyzes the development of exchange rate policymaking from a Marxist perspective. He examines and provides a new means of understanding three key policymaking episodes in Britain - the return to the gold standard in 1925, membership of the European Exchange Rate Mechanism from 1990-1992 ...

Capital flows and crises

The implications of capital mobility for growth and stability are some of the most contentious and least understood contemporary issues in economics. In this book, Barry Eichengreen discusses historical, theoretical, empirical, and policy aspects of the effects, both positive and negative, of capital flows. He ...

The psychology of the foreign exchange market

This book demystifies the foreign exchange market by focusing on the people who comprise it. Drawing on the expertise of the very professionals whose decisions help shape the market, Thomas Oberlechner describes the highly interdependent relationship between financial decision makers and news providers, showing that ...

International financial operations

arbitraje, hedging, speculation, financing and investment

The real exchange rate and prices of traded goods in OECD countries

Real exchange rate changes - resulting either from shifts in nominal exchange rates or increases in costs that are asymmetric across countries - are the primary focus of this text. The book shows how exchange rates and local production costs are passed through into import prices. It ...

Currency overlay

Currency overlay has grown in parallel with the international diversification of institutional investment portfolios. Currency overlay mandates now cover around $100bn in assets, and 18 years since the first overlay mandate, currency overlay has now come of age. Currency Overlay looks at all the components ...

Capital flows and crises

Currency crises in emerging markets

Currency Crises in Emerging Markets, prepared by Warsaw-based Center for Social and Economic Research (CASE), discusses various aspects of currency crises in emerging-market economies: The definitions and theoretical models of currency crises, the causes, management and propagation (contagion effect) of crises, their economic, social and ...

Currency trading

how to access and trade the World's Biggest Market

The fast moving foreign exchange (FOREX) used to be the exclusive domain of banks and other major financial institutions. In 2002, new developments have opened this remarkable arena to the average investor. With these new developments, author Philip Gotthelf provides a comprehensive guide to currency ...

International capital flows in calm and turbulent times

the need for new international architecture

International capital flows in calm and turbulent times analyzes the financial crises of the late 1990s and draws attention to the type of lenders and investors that triggered and deepened the crises. It concentrates on institutional investors and banks and provides detailed analysis of the ...

The dollarization debate

With an emphasis on North and Latin America, this work takes a global approach to a controversial topic in the business world; dollarization. With the collapse of the former Soviet Union, and the formation of the euro in Europe, many countries and debating whether or ...

Wealth by association

global prosperity through market unification

European monetary unification has produced a $15 trillion windfall to its member nations that is rarely discussed or accounted for in analyses of economic integration. The authors argue persuasively that the reduction in cross-border risks is directly responsible for an explosion in the value of ...

Exchange-rate determination

models and strategies for exchange-rate forecasting

Exchange-Rate Determination explores todays most popular models and strategies for forecasting exchange rates, and reveals the strengths, weaknesses, and appropriate applications of each. Covering short-, medium-, and long-run time frames, this essential combination of reference and workbook discusses: -Potential risks and rewards of short-term forecasting ...

Curso sobre mercados monetarios y de divisas

Un nuevo concepto en formación financiera. Este libro sirve de guía a través del complejo mundo de los mercados cambiarlos más poderosos. Está pensado para explicar con claridad el cómo y el porqué de estos mercados, así como el léxico especial asociado a esa actividad ...