FUTURESANDOPTIONSMARKETS(跨国公司财务管理-Jos.pptVIP

Multinational Financial Management Alan Shapiro 7th EditionJ.Wiley Sons Power Points by Joseph F. Greco, Ph.D. California State University, Fullerton CHAPTER 8 CURRENCY FUTURES AND OPTIONS MARKETS  CHAPTER OVERVIEW I. FUTURES CONTRACTS II. CURRENCY OPTIONS PART I.FUTURES CONTRACTS I. CURRENCY FUTURES A. Background 1. 1972: Chicago Mercantile Exchange opens International Monetary Market. (IMM) FUTURES CONTRACTS 2. IMM provides a. an outlet for hedging currency risk with futures contracts. b. Definition of futures contracts: contracts written requiring a standar