Ch005 Market for Foreign Exchange.docVIP

Eun Resnick 4e CHAPTER 5 The Market for Foreign Exchange Function and Structure of the FX Market International Finance in Practice: The Mouse Takes Over the Floor FX Market Participants Correspondent Banking Relationships International Finance in Practice: Where Money Talks Very Loudly The Spot Market Spot Rate Quotations The Bid-Ask Spread Spot FX Trading Cross-Exchange Rate Quotations Alternative Expressions for the Cross-Exchange Rate The Cross-Rate Trading Desk Triangular Arbitrage Spot Foreign Exchange Market Microstructure The Forward Market Forward Rate Quotations Long and Short Forw