Arbitrage, Hedging, and Speculation: The Foreign Exchange Market

By Dilip K. Ghosh and Ephraim Clark

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.

• Format: Hardcover
• Language: English
• ISBN: 1567205828
• ISBN13: 9781567205824
• Release Date: April 2004
• Publisher: Praeger
• Length: 232 Pages
• Weight: 1.09 lbs.
• Dimensions: 0.9" x 6.5" x 9.5"