Arbitrage, Hedging, and Speculation: The Foreign Exchange Market [Hardcover]

Ephraim Clark (Author), Dilip K. Ghosh (Author)

Book Description

ISBN-10: 1567205828 | ISBN-13: 978-1567205824 | Publication Date: April 30, 2004

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.

Editorial Reviews

Book Description

Explains the $1.5 trillion-a-day foreign exchange market, its trading structure, and the global environment in which it operates.

About the Author

Dilip K. Ghosh is Professor of Finance at Rutgers University in New Jersey and serves as Kuala Lumpur Stock Exchange Chair Professor of Finance at Universiti Utara, Malaysia. He is also the editor of the International Journal of Finance.

Product Details

• Hardcover: 232 pages
• Publisher: Praeger (April 30, 2004)
• Language: English
• ISBN-10: 1567205828
• ISBN-13: 978-1567205824
• Product Dimensions: 9.5 x 6 x 0.9 inches
• Shipping Weight: 1.1 pounds
• Average Customer Review: 2.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #3,012,437 in Books (See Top 100 in Books)

More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

Most Helpful Customer Reviews

1 of 1 people found the following review helpful:

2.0 out of 5 stars Mostly just another (decent) book on trading instruments, December 27, 2007

By 

John Cairns "FX analyst" (South Africa) - See all my reviews

This review is from: Arbitrage, Hedging, and Speculation: The Foreign Exchange Market (Hardcover)

This is yet another book -a fairly decent one - that explains the instruments that can be used in exchange rate trading. The title and book blurb though promise more - I bought the book thinking it would provide more on general principles of arbitrage, hedging and speculation. It does have some useful stuff on these issues but we would have been better served by more. This is a book at an intermediate level.