Currency Strategy: The Practitioner's Guide to Currency Investing, Hedging and Forecasting

by Callum Henderson (Citibank, N.A.)

• ISBN13: 9780470846841
• ISBN10: 0470846844
• Format: Hardcover
• Copyright: 2002-12-01
• Publisher: WILEY

Summary

Expert advice and timely techniques for surviving and thriving within currency markets Rapid movements in currency markets have been a common occurrence in recent years, often to the detriment of traders and investors. The ability to manage these fluctuations is essential for safe and successful investment in these markets. Currency Strategy develops new techniques and explains classic tools available for predicting, managing, and optimizing fluctuations in the currency markets. Author Callum Henderson shows readers how traditional macroeconomic theory has repeatedly failed in the face of practical experience in these markets and develops a new approach based on experience. He draws on the technical expertise of his bank to develop mathematical models to assist in the prediction of crises and gives practical advice on how to use these and other tools successfully.

Author Biography

<b>Callum Henderson</b> is head of Emerging EMEA Strategy for a leading US investment bank based in London, and is responsible for Emerging EMEA research, FX and Fixed Income Strategy. A widely-quoted authority on both emerging and currency markets, Mr Henderson has written articles for a number of leading financial journals and given seminars around the world on global currency markets, in particular on currency crises. Prior to his current position, Mr Henderson was part of the Citibank FX Strategy team, which has been top-ranked by leading publications, and Manager of FX Analysis - Asia for Standard & Poor's MMS, based in Hong Kong and New York. <p> derson has authored three previousl books covering the Asian economic story: Asia Falling, China on the Brink (awarded the Best Business Book of 1999 by the Library Journal of the US), and Asian Dawn.

Table of Contents

Introduction.

Fundamental Analysis: The Strengths and Weaknesses of Traditional Exchange Rate Models.

Currency Economics: A More Focused Framework.

Flow: Tracking The Animal Spirits.

Technical Analysis: The Art of Charting.

Exchange Rate Regimes: Fixed or Floating?

Model Analysis: Can Currency Crises be Predicted?

Managing Currency Risk I - The Corporation: Advanced Approaches to Corporate Treasury FX Strategy.

Managing Currency Risk II - The Investor: Currency Exposure within the Investment Decision.

Managing Currency Risk III - The Speculator: Myths, Realities and How to be a Better Currency Speculator.

Applying the Framework.

Conclusion.

Index.