The last few decades have been witness to a far greater degree of globalisation. There has been a leap in world trade and cross-border finance, and a sharp rise in the currency exposures of Indian businesses, even as exchange rates have become more volatile. For business managers, it has become more necessary than ever to understand the functioning of currency markets and instruments, especially derivatives used for hedging.
The author brings his expertise and rich experience of several decades in this field, in the book "Cash and Derivatives Markets in Foreign Exchange" to provide the reader with an understanding of the functioning of currency markets and its instruments.
A companion volume to his book Currency Exposures and Derivatives: Risk, Hedging, Speculation and Accounting-A Corporate Treasurer's Handbook, this book is divided into two parts, covering:
Domestic and global cash markets in foreign exchange, overview of global financial markets, and exchange rate movements.
Domestic and global derivatives markets in foreign exchange: forwards and futures, swaps and options
Table of content :-
1. Foreign Exchange Rates
2. Foreign Exchange Markets
3. Exchange Arithmetic
4. Global Financial Markets: An Overview
5. Exchange Rate Movements and Managing Currency Risks
6. Markets In Currency Derivatives
7. Futures and FRAs
8. Interest Rate and Currency Swaps the Global Market
9. USD: INR Swaps
10. Option Contracts
11. Pricing and Hedging Options: Basic Principles
12. Credit and Commodity Derivatives