chap111国际资本流动载体金融市场最新完整版本.pptVIP

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chap111国际资本流动载体金融市场最新完整版本.ppt

Theforeignexchangemarket(FX)Globalnetworkofbanks,brokersandforeignexchangedealersconnectedbyelectroniccommunicationssystemsLondon’sdominanceisexplainedby:History(capitalofthefirstmajorindustrializednation).Geography(betweenTokyo/SingaporeandNewYork).Twomajorfeaturesoftheforeignexchangemarket:ThemarketneversleepsMarketishighlyintegratedHierarchyofinternationalfinancialcentersNote:Sizeofdots(squares)indicatescities’relativeimportanceS?oPauloRiodeJanieroMexicoCitySanFranciscoNewYorkTorontoBombayMelbourneSydneyTokyo

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