Trading in the Global Currency Markets Second Edition
Average customer rating: 3.5 out of 5 stars
  • Notionistic
  • Those who rate above 3 probably did not read through
  • Tradeoff in practicality for information
  • Background, but not greatly practical
  • Well informed author but poorly written book
Trading in the Global Currency Markets Second Edition
Cornelius Luca
Manufacturer: Prentice Hall Press
ProductGroup: Book
Binding: Hardcover

Exports & ImportsExports & Imports | Economics | Business & Investing | Subjects | Books
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Money & Monetary PolicyMoney & Monetary Policy | Economics | Business & Investing | Subjects | Books
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Foreign ExchangeForeign Exchange | Finance | Business & Investing | Subjects | Books
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ASIN: 0735201463
Release Date: 2000-07-04

Book Description

An in depth look at the tremendous potential of this vital market with expert advice from one of the foremost authorities. The foreign exchange market is the world's largest and fastest growing financial terrain. Despite its high trading volume, it is also a market little understood and little regulated. This definitive resource brings the universe of foreign exchange within reach of every investor. The revised edition includes complete comprehensive coverage of the euro and the latest historical and economic changes in the market.

Cornelius Luca, a renowned authority on international investing, draws on the insights of leading experts in diverse fields of specialty to explain every crucial aspect of foreign exchange. He provides investors with an arsenal of trading weapons, many on the cutting edge of technology. Demystifying the intricacies of these markets, the book includes:

Analysis of the mechanics of the market, the major players and markets, the pertinent risks, corporate trading, and methods of trading execution.

A thorough overview of foreign exchange instruments and major option strategies, with clear explanations of why currencies are traded and how to forecast currency behavior. An in-depth look at the three types of analysis: fundamental, technical, and econometric. Featuring 200 charts and graphics, TRADING IN THE GLOBAL CURRENCY MARKETS is an indispensable guide to a daunting yet promising financial playing field.

Customer Reviews:

2 out of 5 stars Notionistic.......2006-08-26

The book contains a lot of undigested info on trading in currency markets, failing to explain much of the things it illustrates.

2 out of 5 stars Those who rate above 3 probably did not read through.......2005-09-05

The structure is good, topics are comprehensive, style is concise.

The problems,

The book seems did not proof read carefully. There are many typos, very confusing.

Especially in the second part, which is about technical analysis, it does not explain details when they are needed. And it lacks proper explanations for figures. Some figures do not match patterns he described.

This guy, Luca, seems to be famous. He is maybe good at trading himself and he is able to write a good book, but he just did not put himself into it.

3 out of 5 stars Tradeoff in practicality for information.......2005-04-23

This book turned out to be quite different from what I was expecting. By the cover, I thought it would be about finding a brokerage account, and then getting set up to trade away. To my surprise it was more of an educational textbook than a "do it yourself" guide for individual investors.

However, this book contains a lot of interesting information about foreign exchange and how it works. It discusses the history of foreign exchange, factors that influence it, terminologies used by traders, and the different means that currency is traded. The primary focus is the multimillion-dollar trades put forth by large firms. It serves as a good reference and a good supplement to other readings about finance/economics in general. Since it covers a wide range of topics and somewhat glosses over them quickly, I suggest reinforcing with other more specific books on economics.

The good points are that it contains much useful information for educating yourself in the foreign exchange area. The downside is that it is not a practical guide for people interested in getting their dollars converted to Euros by this evening.

3 out of 5 stars Background, but not greatly practical.......2005-02-16

Luca has written what is essentially a text book for the foreign exchange market. That is good in that he provides a survey of the market, its history, how it works, etc. If you want to learn about the market, this book contains the information you desire. It reads like a textbook, though. If you want something to help you actually trade the market, look elsewhere.

3 out of 5 stars Well informed author but poorly written book.......2005-01-11

The author clearly has had experience in the foreign exchange market, but the writing style is so poor that very little useful information is presented. The book reads like an economics text book from the 60's. If you are hoping for a book that will give you specific pointers on spot trading the forex market, this will disappoint. However, if you want to get a broad history and background on foreign exchange, this book is will be helpful.
Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy
Average customer rating: 3.5 out of 5 stars
  • More nonsense from Batra
  • May the Zionist get their spiritual evolution
  • Here comes Ravi Batra again...
  • All you ever feared about Alan Greenspan
  • Not "your government" version of economics 101
Greenspan's Fraud: How Two Decades of His Policies Have Undermined the Global Economy
Ravi Batra
Manufacturer: Palgrave Macmillan
ProductGroup: Book
Binding: Hardcover

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ASIN: 1403968594
Release Date: 2005-04-14

Book Description

An explosive critique of Alan Greenspan's economic policies by New York Times bestselling author Ravi Batra F or two decades Federal Reserve Chairman Alan Greenspan has held reign over economic policy, outlasting three presidents. His long tenure has had a profound effect on global economics and on individuals. In this hard-hitting expos, international bestselling author Ravi Batra takes sharp aim at Greenspan's policies since he came into power. Greenomics, Batra argues, has extracted trillions of dollars from the American middle class and sharply benefited the rich, while protecting big business. Batra argues that Greenomics has also been responsible for periods of irrational exuberance, and exposes the wild inconsistencies in his social security recommendations. Greenspan's Fraudexplores Greenspan's influences and motivations and the discrepancies between his words and actions, while revealing how his policies have national and global impact.

Customer Reviews:

1 out of 5 stars More nonsense from Batra.......2007-10-15

More poorly written, inaccurate hot air from the master who, during his tenure on the literary, scene has managed to evaluate just about everything incorrectly. This book was not worth the money I spent or the time I wasted reading it.

3 out of 5 stars May the Zionist get their spiritual evolution.......2007-05-13

this book is telling us clearly - that we still have Zionist in our world who are spiritually very under develope.
Let us pray for their spiritual evolutin for Greenspan and for all other Zionist in our world.

As soon as our Zionist will reach out to higher spiritual maturity - we will have peace in ou world.
So mote it be.
God bless us all.
Sincerely Emanuel Schwarz

1 out of 5 stars Here comes Ravi Batra again..........2006-08-01

I am shocked, SHOCKED that this author has come back to scare a whole new generation of readers. All this glowing reviews? Where do they come from? A little background: Batra made a fortune writing and selling popular books in the late 80s predicting that the 90s would be worse than the 1930s Great Depression years. Batra is a skillful writer, and his books sold well. Problem was, academic economists and serious researchers saw that there was no serious analysis behind all the apocalyptic predictions.

Batra discredited himself among scholars as soon as his popular books hit the bookshelves in the 1980s. Of course, once the 1990s proved to be the strongest decade ever of economic growth, Batra became discredited also among the naive people who had bought his books. And now he is back? No one remembers who he is? Perhaps Batra thinks that there was no collapse in the 1990s because of Greenspan's policies. Don't buy his "sky-are-falling" books, no matter how entertaining and well-written they appear to be. He may be a superb writer of pamphlets, but they have proved to be useless.

4 out of 5 stars All you ever feared about Alan Greenspan.......2006-07-04

In this powerful, disturbing book, author Ravi Batra criticizes financial icon Alan Greenspan's 14-year stint as chairman of the U.S. Federal Reserve. Greenspan steadily promoted his own ambitions and agenda, getting pretty much what he wanted in the secretive world of the Fed. The author says Greenspan often calculatedly used deceptive, incomprehensible language to hide his intentions and goals. Though this book uses much clearer language, it necessarily meanders, since understanding why Greenspan hid his motives and how he sold his policies requires a crash course in advanced economics, the Fed, politics and history. Greenspan is an ideologue whose long history is intertwined with complex economic theories. Batra tries to untangle enough of the U.S. economy's inner workings to prove his contention that Greenspan perpetrated a national intellectual fraud. Even absent a smoking gun, Batra is clear on who he thinks wears the black hat. When he discusses the deficit and the failure to secure Social Security, he doles out plenty of blame for Greenspan to share with both political parties, Congress and a handful of presidents. We suggest this exposé to corporate treasurers, economists, business strategists, CEOs and financial reporters. Batra says that Greenspan's policies have left future generations with a drastically changed world, and yet, most folks will have no idea what hit them

5 out of 5 stars Not "your government" version of economics 101.......2006-03-14

This is an outstanding presentation of exactly what the title conveys. It shows that callous corporate greed is being sustained by a government that is anti-worker, anti- social security, & anti-public. It is definitely Pro-Big-Business, at the expence of the majority of the citizens. The author explains the concepts easily and builds upon them incrementally to show you how they are pulling the wool over your very eyes. They take you for the dummies that they have been paying your tax dollars to dumb down. Wise up and read this manifesto on the maestro's shenanigans. You don't need agent99 to get smart. Start holding theses wolves in sheep's clothing accountable!
Tug of War: Today's Global Currency Crisis
Average customer rating: Not rated
    Tug of War: Today's Global Currency Crisis
    Paul Erdman
    Manufacturer: Palgrave Macmillan
    ProductGroup: Book
    Binding: Hardcover

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    ASIN: 0312158998

    Book Description

    In recent years, the value of the U.S. dollar has fluctuated wildly. Japanese investors have lost billions in U.S. markets, causing an almost unprecedented run on the dollar. The leaders of the world currency markets were forced to band together to push up the value of the U.S. dollar. Tug of War: Why You Should Care About the Global Currency Crisis is the riveting story of this flow of money around the globe and what it means for us today.In 1991, the Mexican government tied the value of the peso to the dollar. As the peso slid and almost vanished, the fortunes of the dollar waned. Investors around the world, especially the Japanese, lost confidence in the dollar, creating a soaring yen and dragging down the value of the dollar even more. Subsequent events in the world currency markets pulled the dollar in even more directions: rogue traders lost billions on bad deals; the European Union began determining the value of its own currency; Japanese banks admitted enormous, previously concealed, losses. The tug of war continued. Paul Erdman, as well-known for his ability to predict financial markets as for his ability to write a suspenseful story, clearly explains the tangled basis and continuing strength of the currency crisis, gives his predictions about the future, and offers advice to market masters on the direction they should pursue. Significantly updated for this paperback edition, Tug of War, as compelling as any novel, is certain to be one of the most important financial books of this or any other year. Readers will not want to be left out when Erdman predicts the winner in this economic battle.
    Contesting Global Governance: Multilateral Economic Institutions and Global Social Movements (Cambridge Studies in International Relations)
    Average customer rating: Not rated
      Contesting Global Governance: Multilateral Economic Institutions and Global Social Movements (Cambridge Studies in International Relations)
      Robert O'Brien , Anne Marie Goetz , Jan Aart Scholte , and Marc Williams
      Manufacturer: Cambridge University Press
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      ASIN: 0521774403

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      The contest to shape global governance is increasingly being conducted on a number of levels and among a diverse set of actors. This book argues that increasing engagement between international institutions and sectors of civil society is producing a new form of international organization. The authors study the relationship between the IMF, World Bank, and World Trade Organisation, and environmental, labor, and women's movements, providing a rich analysis of the institutional response to social movement pressure.

      Download Description

      This book argues that increasing engagement between international institutions and sectors of civil society is producing a new form of global governance. The authors investigate 'complex multilateralism' by studying the relationship between three multilateral economic institutions (the IMF, World Bank, and World Trade Organization), and three global social movements (environmental, labour, and women's movements). They provide a rich comparative analysis of the institutional response to social movement pressure, tracing institutional change, policy modification and social movement tactics as they struggle to influence the rules and practices governing trade, finance and development regimes. The contest to shape global governance is increasingly being conducted upon a number of levels and amongst a diverse set of actors. Analysing a unique breadth of institutions and movements, this book charts an important part of that contest.
      The IMF and its Critics: Reform of Global Financial Architecture (Global Economic Institutions)
      Average customer rating: Not rated
        The IMF and its Critics: Reform of Global Financial Architecture (Global Economic Institutions)

        Manufacturer: Cambridge University Press
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        Money And Capital Markets: Financial Institutions And Instruments In A Global Marketplace (Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate)
        Average customer rating: 4 out of 5 stars
        • Wonderful service
        • Ok review and introduction
        Money And Capital Markets: Financial Institutions And Instruments In A Global Marketplace (Mcgraw-Hill/Irwin Series in Finance, Insurance, and Real Estate)
        Peter S. Rose , and Milton H. Marquis
        Manufacturer: Irwin/McGraw-Hill
        ProductGroup: Book
        Binding: Hardcover

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        ASIN: 0072957395

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        Money and Capital Markets 8/e by Peter Rose provides a thorough and comprehensive view of the whole financial system. All the major types of financial institutions and financial instruments present today are discussed, along with how and why the system of money and capital markets is changing. Money and Capital Markets also provides a descriptive explanation of how interest rates and security values are determined. It discusses the current and future trends of the globalization of financial markets, the ongoing consolidation of the financial institutions’ sector, and recent efforts to protect consumer privacy in the financial services field.

        Customer Reviews:

        5 out of 5 stars Wonderful service.......2005-07-17

        I was very happy with the quality of the product and the fast service. The only thing I was disappointed in was the description did not specify the edition # of the book and what I received was one edition back from what I needed. More information in the description would be very helpful.

        3 out of 5 stars Ok review and introduction.......2002-04-28

        The book has a lot of detailed historical information about the financial systems. Unfortunatly the author pay too much attention to history and not enough on practical fundementals. There are several errors and steps deleted in the book. Plus not enough examples are provided in comparrison to the problems assigned. Even my professor stated that the 7th edition had plenty of problems that won't be resolved until the 12-13th edition.
        The Global Money Markets
        Average customer rating: 3 out of 5 stars
        • Good overall book on money markets
        • Stigum (or Success) versus Choudhry
        The Global Money Markets
        Frank J. Fabozzi , Steven V. Mann , and Moorad Choudhry
        Manufacturer: Wiley
        ProductGroup: Book
        Binding: Hardcover

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        ASIN: 0471220930

        Book Description

        An informative look at the world of short-term investing and borrowing

        The Global Money Markets is the authoritative source on short-term investing and borrowing-from instruments in the U.S. and U.K., to asset-liability management. It also clearly demonstrates the various conventions used for money market calculations and discusses other short-term structured financial products such as asset-backed securities and mortgage-backed securities.

        Steven V. Mann (Columbia, SC) is Professor of Finance at the Moore School of Business, University of South Carolina. He has coauthored two previous books and numerous articles in the area of investments and works as a consultant to investment/commercial banks throughout the United States. Moorad Choudhry (Surrey, UK) is a Vice President of structured finance services with JPMorganChase in London. Prior to that he worked as a gilt-edged market maker and Treasury trader at ABN Amro Hoare Govett Sterling Bonds Limited, and as a sterling proprietary trader at Hambros Bank Limited. Moorad is a Senior Fellow at the Centre for Mathematical Trading and Finance, City University Business School.

        John Wiley & Sons, Inc. is proud to be the publisher of the esteemed Frank J. Fabozzi Series. Comprising nearly 100 titles-which include numerous bestsellers—The Frank J. Fabozzi Series is a key resource for finance professionals and academics, strategists and students, and investors. The series is overseen by its eponymous editor, whose expert instruction and presentation of new ideas have been at the forefront of financial publishing for over twenty years. His successful career has provided him with the knowledge, insight, and advice that has led to this comprehensive series.

        Frank J. Fabozzi, PhD, CFA, CPA, is Editor of the Journal of Portfolio Management, which is read by thousands of institutional investors, as well as editor or author of over 100 books on finance for the professional and academic markets. Currently, Dr. Fabozzi is an adjunct Professor of Finance at Yale University's School of Management and on the board of directors of the Guardian Life family of funds and the Black Rock complex of funds.

        Customer Reviews:

        5 out of 5 stars Good overall book on money markets.......2003-10-22

        This is a timely book that covers in great detail virtually all apsects of the markets. Well written and well worth getting.

        1 out of 5 stars Stigum (or Success) versus Choudhry.......2003-10-19

        A one-star Amazon review of the late Marcia Stigum's book: "The Money Market" denigrates her work, but recommends this book. Coincidentally it seems to have appeared just after a reviewer recommended her book over "The Repo Handbook" authored by Choudhry, one of the authors of this book.

        It hardly seems sporting to denigrate the excellent work of Ms. Stigum when she is no longer able to set the record straight. Her classic work on the U.S. markets that allows one to deduce the dynamics - and equips one to solve the mathematics - of the global money markets deserves high honors.

        The unsportsmanlike behavior doesn't end there, since it seems that books with titles that compete with Mr. Choudrhy's upcoming releases have multiple one-star reviews from obvious pseudonyms and free internet accounts. The books that get the most attention from this stalker are the most commercially successful in the competing areas. Perhaps it is a fan gone mad, or perhaps there is a more obvious explanation.

        I would have given this book three stars, but I deducted for bad sportsmanship.
        The Money Changers: A Guided Tour Through Global Currency Markets
        Average customer rating: 4.5 out of 5 stars
        • Highly recommended. General readers; all levels of undergraduates. --- IngoWalter, March 2007, Choice
        • A fine introduction to currency markets for students and the interested general reader
        • The Money Changers - Accessible and interesting for the lay reader
        • Great overview of the currency markets
        • truly "a guided tour through global currency markets"
        The Money Changers: A Guided Tour Through Global Currency Markets
        Robert G Williams
        Manufacturer: Zed Books
        ProductGroup: Book
        Binding: Paperback

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        ASIN: 1842776959

        Book Description

        Currency markets, worth almost $2 trillion per day in trade, link the world together. Yet few people know how they work and why they are prone to instability and bouts of panic. This book, neither a technical manual nor a get-rich-quick tract, takes the reader on a guided tour of the places, the machines, the circuitry and the people involved in moving the world’s money. From the simple to the complex, currency traders, market analysts, money managers and payments systems architects show their workplaces and reveal their day-to-day experiences. The book will give the reader a graphic picture of the geographical and structural organization of global currency markets and the people who operate them. The tour through the volatile and rapidly evolving world of the money changers provides a basic orientation for deciphering complex causes of yet unforeseen financial events.

        Customer Reviews:

        5 out of 5 stars Highly recommended. General readers; all levels of undergraduates. --- IngoWalter, March 2007, Choice .......2007-05-12

        The full review in March 2007, CHOICE, written by Ingo Walter, an eminent scholar in the field of international finance, was helpful to me. Here are some excerpts:
        "This is a nontechnical exploration into the mechanics of the foreign exchange market, which Williams (Guilford College) nicely motivates by starting with an ordinary retail transaction--an ATM withdrawal of local currency in a foreign country--and tracing it through the wholesale foreign exchange markets to show what actually happens. In doing so, the author provides an intuitive way to explore the most important and arguably the most efficient market in the world, which makes international trade, investment, and financial transfers possible......The discussion is up-to-date, and the use of dialogue makes the book very accessible to the intelligent but uninformed reader. Summing Up: Highly recommended. General readers; all levels of undergraduates." --- Ingo Walter, Seymour Milstein Professor of Finance, Corporate Governance and Ethics at the Stern School of Business, New York University.

        5 out of 5 stars A fine introduction to currency markets for students and the interested general reader.......2007-03-12

        Robert G. Williams has written an entertaining and informative book about how the world currency markets work. He starts with a story about a summer trip he and some students took to Europe and the impact the fluctuations in the local currency against the dollar impacted their budget for the trip and how he was able to manage that best through smarter currency exchange.

        The rest of the book has him taking us through the different aspects of currency trade, the size of the market, who the players are, the role of computers and software versus people exchanging currency on the trading floor, the various philosophies of how these markets work, and how currency exchange affects you and me even without our knowing it.

        I don't know if all the conversations he discusses in the book are devices to keep what could have been a dry subject more entertaining or if he is doing some very good reporting. In the larger sense, it doesn't matter because we read the book for the information the author shares with us. That he also makes it quite readable is quite an achievement. There are a helpful number of charts, tables, and graphs. They do not get in the way and are all pretty easy to understand.

        This is a very good introduction to these important and quite huge markets (bigger than you would likely guess) for the student and the interested general reader. Since the news often talks about the movements of currency and how this or that is over or undervalued, you might want to bolster your own understanding of what is really going on rather than the vague arm waving of the journalists.

        This interesting book is a great place to start.

        5 out of 5 stars The Money Changers - Accessible and interesting for the lay reader.......2007-03-10

        Reading The Money Changers: A Guided Tour Through Global Currency Markets by Robert Williams was both exceptionally educational and entertaining. I am an art professor and not knowledgeable about economics. However, I have traveled a lot overseas and have always been confused about rates of foreign exchange and why they move up and down in a way that seems so unpredictable. This book explained a great deal about why but also explored how this market works and how it has changed with the introduction of the Euro. For someone who is not an expert The Money Changers is challenging to read because the complexities of the economics are there; but the writing is exceptionally clear and the stories about the people who work in these markets are so engaging that the book kept my interest to the end.

        4 out of 5 stars Great overview of the currency markets.......2007-01-14

        Definitely not a technical treatise like the books written by Boris Schlossberg or Kathy Lien, but does a wonderful job of giving those interested in the fx markets a toe-hold on how the world's biggest capital market operates. I personally enjoyed the interview section with fx traders and currency strategists at JPMorgan tremendously. However, reading the detailed explanation on how the CHIPs settlement system works was slightly tedious.

        4 out of 5 stars truly "a guided tour through global currency markets".......2006-10-09

        This book, as the preface states, "is not a technical manual for
        business professionals or a tract on how to get rich betting on
        currencies. Rather, it is a guided tour of the places, the machines,
        the circuitry, and the people involved in moving world money".
        Given this is what the book is about, it does a wonderful job.
        The author is obviously very well read and intelligent and
        probably ought to be teaching with Lawrence Summers and Robert J.
        Barrow in Cambridge, MA. However, I must confess that I cannot
        agree with the author in the final pages of the book where he
        tries to make the case for financial austerity given Britain's
        currency crisis from 1958-1968. He calls this section of the
        book "Long-run lessons for the dollar's loss of hegemony", and
        caused me to remember the Jimmy Carter rhetoric that American's
        need to do with less. On pages 233-234 the author states the
        United States needs to cut back on borrowing from foreign sources
        and states "It would mean a change in relative living standards
        for people in the United States, but it would not be the end of
        the world". It is a sad ending for what was a great book up until
        that point. And from my point of view is not correct as long as
        the Japanese continue at their current savings rate and as long as
        the Japanese continue to devalue the yen vis-a-vis the dollar.
        Technical Analysis Applications in the Global Currency Markets
        Average customer rating: 4 out of 5 stars
        • Technical Analysis Applications In The Global Currency Markets Second Edition
        • To be critical is to be constructive.
        • Not any help at all...
        • Very Very good book
        • excellent value!!
        Technical Analysis Applications in the Global Currency Markets
        Cornelius Luca
        Manufacturer: Prentice Hall Pr
        ProductGroup: Book
        Binding: Hardcover

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        ASIN: 0134940555

        Book Description

        Now updated and revised with all new charts and key information on the euro. The introduction of the euro and the recent explosion of electronic trading has changed the outlook of the foreign exchange market dramatically. Global currency trading offers staggering rewards for those with the knowledge to capitalize on it.

        This updated guide provides an easy-to-follow roadmap for beginners and experienced traders alike on how to use technical analysis-with revised charts and graphs-to cash in on these enormous opportunities. The only guide of its kind to focus solely on all aspects of technical analysis, Luca explains and illustrates: The fundamentals of technical analysis and how it applies to foreign exchange What one must learn about trends and trend patterns How the major players in foreign exchange analyze their charts The quantitative methods of analysis-including all types of moving averages, oscillators, and other indicators This book provides a thorough, yet easy-to-grasp explanation and analysis of point and figure charting, candlestick charting, the Gann methods, and the Elliot Wave principle. Also included is an updated CD-ROM that lets readers test the methods presented and apply them to real trading-and quickly increase proficiency in charting and chart analysis.

        Customer Reviews:

        4 out of 5 stars Technical Analysis Applications In The Global Currency Markets Second Edition.......2005-07-16

        Having always been intrigued by the FX market but also having never traded a day in my life I bought this book and his other with the intent of learning the basics. I wanted to get an overall view of wha the FX was and how I could trade in it. I believe it has done what I wanted and helped me to greatly understand the MANY different aspects of trading. I would say that it covers the basic aspects while only slightly delving deeper into some of the more complex issues. I believe one of the greatest things about this book is that it has helped me to figure out which directions I need to pursue as well as which I don't. I have read some other comments on this book and am rather appalled that people actually take the time to make negative and unsubstantiated claims about the author, his knowledge and experience. If you are disattisfied with the book, state your reasons why and perhaps make a constructive recommendation. Otherwise, all you're doing is wasting my time. This book is probably not for someone who is experienced and has a fair command of their trading. For someone who is looking for a clear, concise discourse on the basics this is definitely the book for you.

        3 out of 5 stars To be critical is to be constructive........2005-02-05

        If this book is very bad, I am glad to learn it from people who consider themselves knowledgeable and who have read it. But should it be possible for such critics to propose another reference which they appreciated the content. It would be much more instructive for readers who are shopping for quality books.

        1 out of 5 stars Not any help at all..........2004-02-02

        As a Foreign Currency Dealer, I was NOT helped from this book at all! Actually the title is misleading since he does NOT concentrate on FX, he only shows some graph examples using FX crosses instead of stocks... The author just refers to a lot of TA indicators only reviewing their typical Buy and Sell signals that are written in every TA book, and furthermore the sections are very bad structured. Really very very disappointed!!!

        5 out of 5 stars Very Very good book.......2003-08-08

        This is a very good book. If you want to start trading currency online (like me) you must read this book first.

        5 out of 5 stars excellent value!!.......2003-03-21

        I haven't completed the book but if I never read another page it's well worth what I payed compared to some prices of other simular books on the market. I don't know what the initial cost was, but those who wrote the unfavorable reviews should have waited to purchase. Maybe they would have been more positive.
        Managing Global Financial and Foreign Exchange Rate Risk
        Average customer rating: 5 out of 5 stars
        • Excellent book
        • I Wish I Had This Book In Grad School
        Managing Global Financial and Foreign Exchange Rate Risk
        Ghassem A. Homaifar
        Manufacturer: Wiley
        ProductGroup: Book
        Binding: Hardcover

        GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
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        ASIN: 0471281158

        Book Description

        A comprehensive guide to managing global financial risk

        From the balance of payment exposure to foreign exchange and interest rate risk, to credit derivatives and other exotic options, futures, and swaps for mitigating and transferring risk, this book provides a simple yet comprehensive analysis of complex derivatives pricing and their application in risk management. The risk posed by foreign exchange transactions stems from the volatility of the exchange rate, the volatility of the interest rates, and factors unique to individual companies which are interrelated. To protect and hedge against adverse currency and interest rate changes, multinational corporations need to take concrete steps for mitigating these risks.

        Managing Global Financial and Foreign Exchange Rate Risk offers a thorough treatment of price, foreign currency, and interest rate risk management practices of multinational corporations in a dynamic global economy. It lays out the pros and cons of various hedging instruments, as well as the economic cost benefit analysis of alternative hedging vehicles. Written in a detailed yet user–friendly manner, this resource provides treasurers and other financial managers with the tools they need to manage their various exposures to credit, price, and foreign exchange risk.

        Managing Global Financial and Foreign Exchange Rate Risk covers various swaps in this geometrically growing field with notional principal in excess of $120 trillion. From caplet and corridors to call and put swaptions this book covers the micro structure of the swaps, options, futures, and foreign exchange markets. From credit default swap and transfer and convertibility options to asset swap switch and weather derivatives this book illustrates their simple pricing and application. To show real-world examples, each chapter includes a case study highlighting a specific problem, as well as a set of steps to solve it. Numerous charts accompanied with actual Wall Street figures provide the reader with the opportunity to comprehend and appreciate the role and function of derivatives, which are often misunderstood in the financial market.

        This detailed resource will guide the individual, government and multinational corporations safely through the maze of various exposures. A must-read for treasures, controllers, money mangers, portfolio managers, security analyst and academics, Managing Global Financial and Foreign Exchange Rate Risk represents an important collection of up-to-date risk management solutions.

        Ghassem A. Homaifar is a professor of financial economics at Middle Tennessee State University. He has Master of Science in Industrial Management from State University of New York at Stony Brook and PhD in Finance from University of Alabama in 1982. He is the author of numerous articles that have appeared in the Journal of Risk and Insurance, Journal of Business Finance and Accounting, Weltwirtschsftliches Archiv Review of World Economics, Advances in Futures and Options Research,Applied Financial Economics, Applied Economics, International Economics, and Global Finance Journal.

        Download Description

        A comprehensive guide to managing global financial risk

        From the balance of payment exposure to foreign exchange and interest rate risk, to credit derivatives and other exotic options, futures, and swaps for mitigating and transferring risk, this book provides a simple yet comprehensive analysis of complex derivatives pricing and their application in risk management. The risk posed by foreign exchange transactions stems from the volatility of the exchange rate, the volatility of the interest rates, and factors unique to individual companies which are interrelated. To protect and hedge against adverse currency and interest rate changes, multinational corporations need to take concrete steps for mitigating these risks.

        Managing Global Financial and Foreign Exchange Rate Risk offers a thorough treatment of price, foreign currency, and interest rate risk management practices of multinational corporations in a dynamic global economy. It lays out the pros and cons of various hedging instruments, as well as the economic cost benefit analysis of alternative hedging vehicles. Written in a detailed yet user–friendly manner, this resource provides treasurers and other financial managers with the tools they need to manage their various exposures to credit, price, and foreign exchange risk.

        Managing Global Financial and Foreign Exchange Rate Risk covers various swaps in this geometrically growing field with notional principal in excess of $120 trillion. From caplet and corridors to call and put swaptions this book covers the micro structure of the swaps, options, futures, and foreign exchange markets.

        Customer Reviews:

        5 out of 5 stars Excellent book.......2004-06-17

        Homaifar made complicated material more easy to understand. The examples provided help explain the subject matter thoroughly. Definitely a must-read!

        5 out of 5 stars I Wish I Had This Book In Grad School.......2004-04-14

        Dr. Homaifar has done an outstanding job of presenting some very complex material in a clear, concise manner with excellent examples. I highly recommend this book to anyone interested or involved in finance and investing.

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