Book Description

THE INTERNATIONAL GUIDE TO FOREIGN CURRENCYMANAGEMENT

Financial managers rarely find a one-stop resource for acomplete course on currency management.Building on his previous work,Currency Risk Management, Gary Shoup builds a complete foreign currencymanagement program, showing managers and their risk consultants how itis done in the real world.

This extensive text covers everythingmanagers and consultants need to know to implement a total currencymanagement program, from trends in exchange rates to an understandingof pricing determinants.Shoup discusses in detail the market forcurrencies, price forecasting, exposure, and much more.Readable,sensible, and practical, the Guide will be a valuable resource foryears to come. ... Read more

Reviews (1)

Useful Professional Guide
The author's expertise in the subject matter becomes apparent when you read his lucid explanations of a subject matter that can be quite dry.He successfully intertwines historical events and human stories with the technical discussions of each section to keep the reader engaged and interested.Despite the breadth of the book it is clear that the author has spent considerable time researching the individual sections and has presented the material in a methodical and organized fashion.Thus it clearly serves as a useful professional guide and should be on every money manager's shelf.I especially enjoyed reading the beginning chapters which focus on the historical background and the arrangement of the global currency markets. The author has many clear examples to illustrate his points and thus the book will also appeal to the novice who wants to learn the fundamentals of the currency markets. ... Read more

Book Description

The studies in this exceptional volume explore the challenges and opportunities presented by globalisation events prior to 1950, and identify how countries around the Mediterranean responded to them.In addition to comparative assessments of regional performance, the volume offers detailed case studies of Spain, Italy, the Balkans, Turkey, Israel and Egypt. ... Read more

Book Description

Stability of International Exchange is a report on the introduction of the gold-exchange standard into China and other silver-using countries.

Originally published in 1903, this was a special report to Congress on the efforts requested by Mexico and China for U.S. cooperation to bring about a fixed relationship between the moneys of the gold-standard countries and the silver-using countries.The subjects covered included the benefits of establishing a gold-exchange standard in China, the adoption of a common ration between the gold unit and the silver coins of countries considering changes in their monetary systems.At the time the United States was strongly pushing for adoption of the gold standard by other countries.

Measures to put an end to the fluctuations of exchange in China appear to be desired equally by the people and Government of China and by the foreign merchants doing business there.The representatives of the Imperial Government, under instructions from Peking, have supported the representatives of the United States and Mexico at the principal capitals of Europe, and assurances of approval of the objects to the Commission have communicated to our minister at Peking.

Great benefits to the trade of the United States and other exporting and manufacturing nations would result from the adoption of a stable exchange in China in place of the fluctuating silver standard upon which her transactions are now conducted.

In submitting the report to Congress, then Secretary of State John Hay said, "The experience of Russia and Japan indicates that the introduction of the gold standard increases foreign trade and the investment of foreign capital, while the importations into China from the United States during the past year have greatly fallen off, partly as the result of the violent fluctuations in silver during this interval." ... Read more

Book Description

With the advent of the World Trade Organization and NAFTA, foreign exchange now impacts the corporate world as never before. Hedging currency risk--usually through the Interbank network--is now a routine treasury function. However, mid-sized companies are often shut out of the Interbank market because of the cost and minimum size requirements. Currency Risk Management shows how to capture this business. The author writes in an easy-to-read style and demonstrates the finer points of foreign exchange and various exchange regimes recognized by the IMF. The reader will learn why exchange rates are a matter of government restrictions and controls as well as market price discovery. ... Read more

Reviews (1)

perfect
It is useful for the investment analysts. ... Read more

Book Description

‘Developing countries are again, as in the early days of UNCTAD, becoming a major focus in the discussion of world trade reforms. Their sense that the Uruguay Round and the WTO system failed to address their concerns is a major factor behind the current problems in mounting a new multilateral round. This book addresses the key concerns of developing countries and suggests a number of reforms that will enable them to become equal partners in the world trading system.'

- Peter J. Lloyd, University of Melbourne, Australia

Experience suggests that trade liberalization has contributed substantially to the remarkable growth of industrialized countries. However, for various reasons many developing countries have not yet been able to integrate successfully into global markets and reap the growth-inducing and poverty-reducing benefits of trade. This book argues that while developing countries are heavily represented in the WTO - accounting for about four-fifths of its membership - there is still plenty of scope for the world trading system to work more effectively in their interests.

The book examines the achievements of the Uruguay Round of trade negotiations in reforming the world trading system and the challenges to future reforms. It begins with an overview of the genesis of the world trading system and moves on to examine the key issues as they relate to developing countries. These include: further liberalization of agricultural trade; abolition of the Multifibre Arrangement; environmental and labor standards; competition policy; regional integration in South East Asia; and the implications for developing Asian countries of the liberalization of the Chinese economy and its WTO membership. Furthermore, the book discusses the links between trade liberalization and poverty reduction - drawing on the experience of Asian countries - and puts forward arguments on how trade liberalization could effect a greater reduction in poverty.

This is a timely and succinct presentation of the critical issues relating to the world trading system in the context of developing countries in general, and Asia-Pacific countries in particular. It will interest and inform a wide readership including scholars and students of development and international economics, and practitioners and policymakers concerned with international trade issues and global trade relations. ... Read more