Currency Boards, the Euro, and Flexible Exchange Rate systems are choices made by governments and their citizens. International Arbitrage , Chapter 7. Emphasis on covered interest arbitrage and triangular arbitrage. Purchasing Power Parity and the International Fisher Effect , Chapter 8. FX Forecasting , Chapter 9.
Exchange rates seem at times easy to forecast, and then maddeningly volatile.
We'll look at market and model-based forecasting techniques. Translation Exposure and Economic Exposure , Chapter 10. Introduce net exposure concepts. Managing Transaction Exposure , Appendix 10 and Chapter 11. Eight ways to reduce or delimit exposure risk.