Global Financial Markets - Update
New: self-test problems on the foreign-exchange and Eurocurrency markets.
This document contains updates to my book, Global Financial Markets (Houghton Mifflin, 1994). It also contains information on developments and research in the international financial markets that might be of interest to students and professionals.
|PART 1: A FRAMEWORK FOR INTERNATIONAL FINANCE|
Chapter 1: An Introduction to the World of International Finance
The changing role of the World Bank; The international financial system
Chapter 2: The Foreign-Exchange and Eurocurrency Markets
Foreign exchange dealing volume; Foreign exchange in the electronic age; Bid-ask spreads in the foreign exchange market; New research results
Chapter 3: Interest Rates in the Global Money Market
Chapter 4: Exchange-Rate Systems
Exchange-Rate Arrangements; New national accounts; Hong Kong versus ERM; The European Monetary System
Chapter 5: Exchange Rates, Interest Rates, and Inflation Rates: An Integrated Framework
Forward rate bias and expected inflation
Chapter 6: Currency Prediction Versus Market Efficiency
Forward rate bias and expected inflation; New research results
Chapter 7: Currency Forwards and the Futures Market
Futures in Speculation; Forwards in Speculation; A problem's problem
Chapter 8: Foreign-Exchange Options
Quanto options--applications; Hedging options positions; New research results
Chapter 9: International Banking and Credit
The Euro-commercial paper and Euronote markets
Chapter 10: Instruments of the International Money Market
New variations on floating-rate notes; The Euro-commercial paper and Euronote markets--an update
Chapter 11: The Global Debt Problem
Emerging Markets; China; Emerging Market Debt Trading; Privatization in Eastern Europe
Chapter 12: The International Bond Market
The Eurobond Market in 1993; The Eurobond Market in 1994; Domestic bond markets--Japan; International Bond Market Computations
Chapter 13: Currency and Interest-Rate Swaps
Innovative swaps; Procter's Diff Swap Gamble
Chapter 14: International Equity Markets and Portfolio Diversification
Emerging Stock Markets; Performance attribution for international portfolios; Global market capitalization; New research results
Chapter 15: Global Commodity Markets
Commodity futures and interest-rate futures; The Convest-Paribas oil swap; Metallgesellschaft; New research results
Chapter 16: International Financing Decisions
Corporate Hedging and Speculation; Self-Financing; New research results
Chapter 17: The Future: Understanding and Using New Instruments
New structured floating-rate notes; Corridor Floaters
Global Financial Markets is published by Houghton Mifflin, 2075 Foxfield Road, St. Charles, Illinois 60174, USA.
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Copyright ©2001 Ian Giddy. All rights reserved.