Treasury operations and the foreign exchange challenge a guide to risk management strategies for the new world markets
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| 1. Verfasser: | |
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| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
New York [u.a.]
Wiley
1992
|
| Ausgabe: | 1. print. |
| Schriftenreihe: | Wiley finance editions
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
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| 245 | 1 | 0 | |a Treasury operations and the foreign exchange challenge |b a guide to risk management strategies for the new world markets |c Dimitris N. Chorafas |
| 250 | |a 1. print. | ||
| 264 | 1 | |a New York [u.a.] |b Wiley |c 1992 | |
| 300 | |a XVIII, 276 S. |b graph. Darst. | ||
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| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a Wiley finance editions | |
| 650 | 4 | |a Financial services industry | |
| 650 | 4 | |a Foreign exchange | |
| 650 | 4 | |a International finance | |
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Datensatz im Suchindex
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| adam_text |
Contents
1 The New World of Treasury Functions 1
International Capital Transfers 2
The Role of the Financial Services Organization 6
The Aftermath of Deregulation and Tax Reform 9
Economies of Scale, Mergers, and Consolidations 12
Balanced Liquidity and the Cash Flow Challenge 14
Looking After the Free Cash Flow 17
2 The Treasurer's Responsibility for Risk Management 20
The Concept of Risk and Exposure 21
Avoiding the Deception of Off Balance Sheet Finance 25
Establishing and Following Behavioral Patterns 27
Can We Optimize the Level of Risk? 29
Risk Adjusted Return on Capital 33
3 Problems in Risk Control: How the Japanese
Face the Challenge 37
The FISC Report on Global Risk 39
How Japanese Banks Focus on Risk Control 41
Capitalizing on Global Investment Advice 43
Accounting for Market Volatility 46
Risk Control and Hedging Against Volatility 49
Dealing with International Bankers 51
Networks and "Rocket Scientists" 53
xv
xvi CONTENTS
4 Transacting Foreign Exchange Deals 55
Spot, Forward, and the Transnational Company 56
Keeping Abreast of Forex Rates 60
Tracking the Transnational Economy 61
Can the Transnational Corporation Act as Its Own
Money Center Bank? 63
Discounting Foreseeable Market Trends 65
Solutions to Global Custody 67
Advising on Taxation for the Transnational Corporation 70
Global Custody and Taxation 72
5 Foreign Exchange Operations 75
The Forex Market 76
Using Technology to Improve Performance 79
Technological Assistance to the Forex Trader 82
Currency Forecasting and Portfolio Management 85
An Environment for Profit 88
6 Swaps, Hedging, Bond Dealing, and
Currency Management 92
The Essence of Swaps Transactions 93
The Use of Swaps Instruments 96
1 How Secure Is Foreign Exchange Hedging? 99
The Hedging Plan and the Risk Premium 101
Maneuvering Through Variable Currency Rates
and Bond Instruments 103
The Bond Market, the Forex Market,
and Netting 105
Searching for New Opportunities in
Currency Management 107
7 Dealing in Currencies 110
Rise and Fall of a Currency's Value 111
The Market Is the Arbiter 114
Capital Flows and Trading Decisions 116
Is There Protection Against Currency Fluctuations? 118
Integrating Forex and Investment Perspectives 120
Innovation in Financial Products 123
Dealing with Panics 125
CONTENTS xvii
8 West European Currency, Political Union, and the
Financial Infrastructure 128
The Single European Act and the European
Monetary Union 129
The European Monetary System and Exchange
Bate Mechanism 132
Pros and Cons of the European Exchange
Rate Mechanism 134
The Need for a Market Driven EMU 136
Workings of the ERM 138
Weighting the ECU 141
Economic Growth, Technological Leadership,
and Currency Values 144
9 The ECU, the German Mark, and the Dollar 148
Using the ECU 149
ECU Denominated Instruments 151
Advantages of a Single Common Currency 153
ECU Clearing 155
International Investments in Strong Currencies 157
Competition from the German Mark 161
Eurodollars and the Acid Test 164
The European Economic Area 166
10 Economic Planning and the East European
Transformation 170
The Four Components of a Long Range Plan 171
Planning for Competitive Advantage 174
From Karl Marx to Adam Smith 178
The Role of Policies and Regulations 180
Eastern Europe, the Common Market,
and the United States 183
"The Only Cure Is to Go Cold Turkey" 186
The Difficulty of Cultural Change 189
11 Commodities and Futures Trading 191
The Commodity Futures Trading Commission (CFTC) 192
Monitoring Volatility in the Commodity Exchanges 194
The Concept of Futures Contracts 195
xviii CONTENTS
Currency Futures and Interest Rate Futures 198
Treasury and Money Market Instruments 201
Trading in Securities and Commodity Funds 204
Trading in Commodity Futures 206
12 Dealing in Options 211
Long and Short Contracts 212
Currency Options and Interest Rate Options 214
Spots and Forwards from an Options Viewpoint 218
Options on Precious Metals 221
Developing an Options Trading System 224
A Contribution by Knowledge Engineering Technology 226
The Options Trading Training System 228
13 Arbitrage, Spread Management, and Gap Analysis 233
The Essence of Technology Assisted Arbitrage 234
Using Simple Rule Based Models 236
Models for Sophisticated Trading 239
Liability Management and Spread Management 242
Noninterest Revenues and Policy Planning 245
Solutions to Gap Analysis 248
14 A Financial Advisor System Project 251
Prototyping the Expert System Solution 252
Capitalizing on the Parallelization of Data 256
The Contribution of a Semantic Network 258
Utilizing the Power of New Generation Computers 260
Virtual Processors and Teraops Power 263
Looking Forward: Treasury Operations in the Year 2000 266
Index 269 |
| any_adam_object | 1 |
| author | Chorafas, Dimitris N. 1926-2014 |
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| dewey-full | 332.4/5 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.4/5 |
| dewey-search | 332.4/5 |
| dewey-sort | 3332.4 15 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. print. |
| format | Book |
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| id | DE-604.BV005432981 |
| illustrated | Illustrated |
| indexdate | 2025-02-14T17:32:46Z |
| institution | BVB |
| isbn | 0471543934 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-003397487 |
| oclc_num | 24501540 |
| open_access_boolean | |
| owner | DE-12 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-M347 DE-188 |
| owner_facet | DE-12 DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-M347 DE-188 |
| physical | XVIII, 276 S. graph. Darst. |
| publishDate | 1992 |
| publishDateSearch | 1992 |
| publishDateSort | 1992 |
| publisher | Wiley |
| record_format | marc |
| series2 | Wiley finance editions |
| spellingShingle | Chorafas, Dimitris N. 1926-2014 Treasury operations and the foreign exchange challenge a guide to risk management strategies for the new world markets Financial services industry Foreign exchange International finance Internationales Währungssystem (DE-588)4072901-1 gnd Währungsrisiko (DE-588)4064157-0 gnd Finanzdienstleistung (DE-588)4212226-0 gnd |
| subject_GND | (DE-588)4072901-1 (DE-588)4064157-0 (DE-588)4212226-0 |
| title | Treasury operations and the foreign exchange challenge a guide to risk management strategies for the new world markets |
| title_auth | Treasury operations and the foreign exchange challenge a guide to risk management strategies for the new world markets |
| title_exact_search | Treasury operations and the foreign exchange challenge a guide to risk management strategies for the new world markets |
| title_full | Treasury operations and the foreign exchange challenge a guide to risk management strategies for the new world markets Dimitris N. Chorafas |
| title_fullStr | Treasury operations and the foreign exchange challenge a guide to risk management strategies for the new world markets Dimitris N. Chorafas |
| title_full_unstemmed | Treasury operations and the foreign exchange challenge a guide to risk management strategies for the new world markets Dimitris N. Chorafas |
| title_short | Treasury operations and the foreign exchange challenge |
| title_sort | treasury operations and the foreign exchange challenge a guide to risk management strategies for the new world markets |
| title_sub | a guide to risk management strategies for the new world markets |
| topic | Financial services industry Foreign exchange International finance Internationales Währungssystem (DE-588)4072901-1 gnd Währungsrisiko (DE-588)4064157-0 gnd Finanzdienstleistung (DE-588)4212226-0 gnd |
| topic_facet | Financial services industry Foreign exchange International finance Internationales Währungssystem Währungsrisiko Finanzdienstleistung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=003397487&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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