Chapter

International Money and Foreign Exchange Markets

Roy C. Smith and Ingo Walter

in Global Banking

Second edition

Published in print May 2003 | ISBN: 9780195134360
Published online November 2003 | e-ISBN: 9780199833009 | DOI: http://dx.doi.org/10.1093/0195134362.003.0002
International Money and Foreign Exchange Markets

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While foreign exchange dealings have been taking place since the fifteenth century, the past 30 years have been especially marked by new developments, growth, and change in money‐market instruments and methods. The most important involve Eurocurrencies, Euro‐CDs (certificates of deposit), new forms of commercial paper, floating rate notes, note issuance facilities, and revolving underwriting facilities. Explains how these have affected foreign exchange trading practices.

Keywords: certificates of deposit; Eurocurrencies; foreign exchange; money markets

Chapter.  12139 words.  Illustrated.

Subjects: Financial Markets

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