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Dramatic changes in the foreign exchange and money markets have considerably altered the way international business will be conducted in the new millennium. The advent of the Euro, the enormous growth of the swaps market, and the daily increase in the development of derivative instruments are at the forefront of this evolution.
Completely updated, this volume clarifies and simplifies the financial instruments currently available. It explains the latest financial innovations and techniques, including variations in the different types of financial markets and the potential risks or rewards associated with each one.
Recent changes in foreign exchange markets will dramatically affect the manner in which international business will be conducted over the next decade. This textbook explores the implications of these changes and provides students with guidance on financial management issues.
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