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All About...The Foreign Exchange Market in the United States
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Published in 1998 and provided here for historical purposes only.
Foreword
Table of Contents
Trading Foreign Exchange: A Changing Market in a Changing World
Some Basic Concepts: Foreign Exchange, the Foreign Exchange Rate, Payment and Settlement Systems
Structure of the Foreign Exchange Market
The Main Participants in the Market
Main Instruments: Over-the-Counter Market
Main Instruments: Exchange-Traded Market
How Dealers Conduct Foreign Exchange Operations
Managing Risk in Foreign Exchange Trading
Foreign Exchange Market Activities of the U.S. Treasury and the Federal Reserve
Evolution of the International Monetary System
The Determination of Exchange Rates
Epilogue: What Lies Ahead?
Footnotes
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