Book Description
Global Investing is based on the authors' award-winning research on investment returns. It gives extensive treatment to the returns on all major asset categories--many found nowhere else--and relates these returns to risk, marketability, taxation, and information costs. Supplementing this wealth of information is sound financial advice on building and maintaining diversified portfolios, based on field-tested economic analysis and historical evidence of capital markets throughout the world--including the boom of 1986-1987 and the subsequent crash, as well as recent developments in Europe and on the Pacific Rim. To expand investment choices and help readers get the greatest return in investment markets, Global Investing pinpoints where money has been made in stocks, bonds, cash and cash equivalents, real estate, gold and silver, tangible assets, options, and futures. What's more, it covers the introduction of new financial instruments and opportunities, including asset allocation and derivative securities. Incisive, intelligent, and packed with charts, tables, and graphs, Global Investing helps investors and financial professionals track broad global trends, identify the risks associated with investments in various assets, and select the right investment opportunities.
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:
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.
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.
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.
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.
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.
Book Description
In today's global business environment, an executive must have the skills to navigate all stages of an international deal. The Global Negotiator provides business executives with exactly these skills and knowledge. Whereas most books on nego-tiation end when the deal is made, Jeswald Salacuse guides the reader from the first handshake through the intricacies of making an international joint venture succeed and prosper-or, should things go poorly, how to get out of a deal gone wrong. By illustrating the many ways in which an international deal may falter and the methods parties can use to save it; by providing the necessary technical knowledge, such as putting together letters of credit and a variety of legal agreements; and by exploring the tranformations of the international business landscape over the last decade, The Global Negotiator is an invaluable tool for the international bus-iness person.
Customer Reviews:
Outstanding.......2003-07-14
Roger Fisher, Director of the Harvard Negotiation Project and author of Getting to Yes, has written for the book jacket that The Global Negotiator "...is the best book I know to help business negotiators expand their skills to meet the needs of negotiating internationally." It is high praise and well deserved.
The author, Jeswald W. Salacuse, is the Henry J. Braker Professor of Law at the Fletcher School of Law and Diplomacy, Tufts University, and a member of the Steering Committee of the Harvard Program on Negotiations. Professor Salacuse has an extensive background in international negotiations. He has participated in negotiations involving persons from over forty countries, spent years living abroad and explored the field of global negotiations through research and teaching involving hundreds of international executives, lawyers and officials.
This is a guidebook about "making, managing, and mending international business transactions" (p.viii). Its aim, Professor Salacuse tells his reader, "...is to equip business executives, students, lawyers and government officials to navigate each of these stages effectively" (p.3).
Unlike most books on the art of negotiating, Professor Salacuse goes far beyond making the deal and gives careful attention to managing and repairing deals once made. It is, therefore, a work with special insight and value for the negotiator. Let us examine some of these insights.
The central issue in global negotiations, Professor Salacuse tells the reader, is about the nature of the deal itself. "Is it a contract or a relationship?" (p. 20).
The answer to this seemingly simple issue should be at the heart of the preparation for any negotiation. Alas, far too often, it is a topic casually addressed by negotiators. Ideally, it should be both a relationship and a contract in most deals.
In fact, however, in American practice the contract often takes the central focus. As unfortunate as this approach may be, its problems are amplified in an international arena in which the goal of a potential partner in a negotiation may be a relationship and the contract is secondary. Neglecting that core difference in expectations may not only destroy the possibility of reaching a deal, but also imperil the success of future fulfillment of any agreement reached by the parties. Without clarity on this matter, any agreement may be founded on the most fatal of flaws: the failure of the parties to have a meeting of the minds.
"A deal is a prediction. A negotiation is always about the future," Professor Salacuse states (p.62). It is a true statement about all deals whether local or global, but particularly significant in the cross-cultural environment.
The wise negotiator recognizes that negotiators are "inherently incapable of predicting all of the events and conditions that may affect their transactions in the future" (p.65). Additionally, due to resource constraints and cultural differences, the understandings and expectations of the parties are rarely capable of being fully captured in the written contract. Given these factors, Salacuse concludes, may be "more realistic to think of the transaction as a continuing negotiation" rather than a deal fixed in time. (pp.185-186).
"Various studies," Professor Salacuse writes, " have found that between 33 percent and 70 percent of international alliances surveyed eventually broke up" (p.194). Given this record, the author approaches international negotiations and agreements as encompassing three distinct, but closely related essential areas: making the deal, managing the deal and mending the deal. His approach is cross-cultural, practical and insightful.
The global negotiator will find a lengthy and thorough guide to preparing and negotiating international agreements. The author takes the reader through such matters as selecting the place for the negotiations to recognizing and managing the many cultural differences that will be encountered and need to be overcome in an international deal. We find advice on handling cultural barriers ranging from concepts of time and differences in styles to the structure of the deal itself.
Additionally, the author examines such critical matters as who's law will apply, dealing with foreign government officials at the table, and the complexities as moving money and sharing risk among the parties. It is a wide-ranging and complete exploration of the field.
Importantly, Professor Salacuse moves from negotiating the deal to examinations of managing and mending international agreements. Treated for clarity as separate sections, these topics are intended as elements to be explored and included in the negotiation of the basic agreement itself. How will the parties manage the relationship is a critical question. There is valuable advice on planning for this process in the second section of his work.
In the last section of his work, the author turns to the third vital area of global negotiations: deal mending and dispute resolution. If we know that disputes and changed circumstances are probable, then prudent negotiators need to include methods of handling these matters in their original agreement.
Professor Salacuse explores three types of renegotiations that are expectable in the life cycle of the deal: post deal, intra deal, extra deal (p.229). He then turns his attention to the need for the parties to plan and incorporate into the deal method for resolving disputes. Here, the author again provides a thorough discussion of the operation, benefits and disadvantages of the international dispute resolution options along a continuum ranging from negotiation through mediation to arbitration and finally to adjudication. It is a valuable review.
Readers will find a rich appendix section, including a top-notch global negotiator's checklist, a detailed primer on international business transactions and an extensive bibliography of suggested further reading.
Truly, as Roger Fisher concluded, "this is the best book" in its field.
My highest recommendation.
John D. Baker, Ph.D.
Editor, The Negotiator Magazine
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.
Book Description
Praise for FINDING THE HOT SPOTS
"David Riedel's Finding the Hot Spots provides keen insights into the new reality of investing with a global perspective. Internationally diversified investment portfolios reduce risk while enhancing returns, as many American-based individual and institutional investors have discovered in recent years. Riedel succeeds in providing simple, effective tools and strategies."
--J. Craig Chapman Managing Director, Long-Term Asset Management (HK) Limited
"Finding the Hot Spots simplifies and demystifies international investing and makes non-U.S. markets alluring and accessible . . . a must-read for all individual investors."
--John D. Meserve Chairman, BNY Jaywalk, Inc.
"Anyone considering investing in emerging markets should begin by reading David Riedel's Finding the Hot Spots. This excellent book explains how to reap the benefits while avoiding the risks of investing in the world's fastest growing economies. Having worked with David in Thailand during the peak of the Bangkok Bubble in the mid-1990s, I believe few people are more qualified to write about this subject than he is."
--Richard Duncan Author of The Dollar Crisis: Causes, Consequences, Cures
Customer Reviews:
Excellent, Easy-to-Read Book!.......2006-11-07
This easy-to-read book is ideal for the individual investor seeking exposure to overseas opportunities in a world that is becoming less and less US-centric. Readers will gain confidence in investing overseas through shares and ADRs that trade in the US. The book provides interesting examples which enables readers to develop their own analytical framework, which they can utilize to screen for attractive investment opportunities themselves.
Pathetic - don't throw your money away.......2006-10-23
This book is a joke. It is in large print on small pages. Of the 199 pages, 54 are either blank pages between chapters or reproductions of Reuters Finance pages on companies that can be found free on the internet. And the ones on the internet won't be outdated like the ones in the book will be in a few months.
The author uses the stock pages as filler to pad his book. He makes it clear that he's not recommending anything and he doesn't say anything substantive about any of the company names he throws around. The content that is in the book is mostly worthless homilies and rambling on miscellaneous investment themes and stocks that are in less depth than what you'd hear at a cocktail party.
I can't recall ever buying a book which so obviously involved so little effort by an author. I literally flipped through the whole book in 30 minutes. Mr. Riedel should be ashamed. Wiley Finance, which generally has reasonably high standards, should be embarrassed for publishing this slapped together drivel. I feel like I was robbed and hate to give the book one star, but that's as low as Amazon's rating scale allows. Don't waste your money.
Great read for individual investors .......2006-10-13
Finding the Hot Spots is a useful, easy read for those interested in de-mystifying international investing. Riedel explains in straightforward terms how the individual investor can take advantage of the growth opportunities available through investments in foreign companies while avoiding the expenses tied to mutual funds - the most common way to invest in the international markets. As mentioned in a recent column in the Financial Times, this book is a great resource for individual investors. Tips such has how to watch for signals of when to sell are useful and well presented. Investing in individual international stocks is not for everyone, but those who take the time to read Riedel's book and relate the ideas and trends to their own lives and experience will benefit from his suggestions.
bad.......2006-10-12
says mutual funds are not the best way to invest internationally. fine. but the top and only reason he gives is that funds have fees and never beat the market, then says you're better off picking stocks because it is more fun... implying stock pickers get the same market results only with no fees. great. thanks for the advice to only pick stocks that do good. i skimmed the rest. not a serious book on investing.
Finding the Hot Spots.......2006-10-10
David Riedel's "Finding the Hot Spots" shows the US investor how to safely profit from the foreign equity markets. It's not a list of stock picks. This book teaches the reader to turn his own ideas into specific foreign equity investments. It takes us through each step of the selection process; conceptualization, research, diversification, differentiation and selection. Because this book advises investment in ADR's, the reader can benefit from the safety of the U.S. regulatory system. Mr. Riedel's long career and professional knowledge allow you to avoid the common pitfalls of such investing. While written primarily for the individual investor, this book nevertheless contains ideas which the professional will also find extremely useful when making decisions. It is absolutely essential to diversify one's portfolo in today's global economy.This book shows how to do so soundly and specifically.
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:
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.
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.
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:
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.
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.
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.
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.
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.
Book Description
Completely updated third edition-insights into the lucrative foreign exchange markets for both beginner and expert traders.
A renowned authority on international investing brings the complex machinations of the foreign currency markets vibrantly to life. Cornelius Luca clearly and concisely analyzes the various currencies, market forces, and emerging technologies-and illuminates them all with real-world examples and graphics.
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:
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.
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.
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!!!
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.
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.
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:
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!
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.
Books:
- Global Problems and the Culture of Capitalism (3rd Edition)
- Global Trade and Conflicting National Interests (Lionel Robbins Lectures)
- Handbook of Visual Analysis
- HCPCS 2007 Level II: Medicare's National Codes (Hcpcs (American Medical Assn))
- Hegemony or Survival: America's Quest for Global Dominance (American Empire Project)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
- History: Fiction or Science? (Chronology, No. 1)
Books Index
Books Home
Recommended Books
- Tutankhamun and the Golden Age of the Pharaohs: Official Companion Book to the Exhibition sponsored
- Textbook of Regional Anesthesia and Acute Pain Management
- Le Corbusier : Complete Works in Eight Volumes
- High-Tech and Micropropagation VI
- Mega Solutions Manual For Introduction to Genetic Analysis
- Rustic Revisited: Innovative Design for Cabin, Camp, and Lodge
- Pawing Through the Past
- Tadao Ando. Complete Works
- Inviting Porches: 210 Home Plans With Perfect Porches
- Indaba Mini-Curio: Wild Animals of Southern Africa
General
| Popular Economics
| Business & Investing
| Subjects
| Books
Asset Allocation: Balancing Financial Risk
Value Averaging: The Safe and Easy Strategy for Higher Investment Returns (Wiley Investment Classics)
The Intelligent Asset Allocator: How to Build Your Portfolio to Maximize Returns and Minimize Risk
Devil Take the Hindmost: A History of Financial Speculation
The Four Pillars of Investing: Lessons for Building a Winning Portfolio
