Currency strategy

The practitioner's guide to currency investing, hedging and forecasting

Callum Henderson

230 pages, parution le 05/11/2002

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Indisponible

Résumé

John Maynard Keynes' reference to the 'animal spirits', that elemental force which drives financial markets in herd-like fashion, was applied to the stock market. However, he might as well have been referring to the currency market, for the term sums up no other more perfectly. A market that is volatile and unpredictable, a market that epitomises such a concept as the 'animal spirits', surely requires a very specific discipline by which to study it.

This is precisely what Callum Henderson does in this eminently practical and readable book. He provides an analytical framework for currency analysis and forecasting, combining long-term economic valuation models with market-based valuation techniques to produce a more accurate and user-friendly analytical tool for the currency market practitioners themselves.

Written by a market practitioner for fellow professionals whose job is to turn the theory into practice and actually execute the currency market transaction, the book is split into three parts:

Theory and practice
Regimes and crises
The real world of the currency market practitioner.

Contents

I- Theory and practice

Fundamental Analysis: The Strengths and Weaknesses of Traditional Exchange Rate Models
Currency Economics: A More Focused Framework
Flow: Tracking The Animal Spirits
Technical Analysis: The Art of Charting

II- Regimes and crisis

Exchange Rate Regimes: Fixed or Floating?
Model Analysis: Can Currency Crises be Predicted?

III- The real world of the currency market practitioner

Managing Currency Risk I - The Corporation: Advanced
Approaches to Corporate Treasury FX Strategy
Managing Currency Risk II - The Investor: Currency
Exposure within the Investment Decision
Managing Currency Risk III - The Speculator: Myths, Realities and How to be a Better Currency Speculator
Applying the Framework

L'auteur - Callum Henderson

Callum Henderson is head of Emerging EMEA Strategy for a leading US investment bank based in London, and is responsible for Emerging EMEA research, FX and Fixed Income Strategy. A widely-quoted authority on both emerging and currency markets, Mr Henderson has written articles for a number of leading financial journals and given seminars around the world on global currency markets, in particular on currency crises. Prior to his current position, Mr Henderson was part of the Citibank FX Strategy team, which has been top-ranked by leading publications, and Manager of FX Analysis - Asia for Standard & Poor's MMS, based in Hong Kong and New York.
Mr Henderson has authored three previousl books covering the Asian economic story: Asia Falling, China on the Brink (awarded the Best Business Book of 1999 by the Library Journal of the US), and Asian Dawn.

Caractéristiques techniques

	PAPIER
Éditeur(s)	Wiley
Auteur(s)	Callum Henderson
Parution	05/11/2002
Nb. de pages	230
Format	17,3 x 25
Couverture	Relié
Poids	619g
Intérieur	Noir et Blanc
EAN13	9780470846841