Böcker av 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.

Explaining the subject in a way that is relevant to students, this text features European markets and institutions throughout and there is an emphasis on both the underlying economic and financial theories and trading practice.

The complex linkages that make up todaya s international commodities market are vital to the worlda s economic health. Unraveling the key factors in this most dynamic of economic markets and their exact relation to one another is the subject of this fascinating and insightful book.