The development of a sophisticated and matured financial system in India, especially in the era of Liberalization, Privatization and Globalization (LP....
The financial markets of the world consist of sources of finance, and uses for finance, in a number of different countries. Each of these is a capital....
The main participants in the foreign exchange market are commercial banks. Indeed, one say that it is the commercial banks that “make a market” in....
The foreign Exchange Market is the market in which currencies are bought and sold against each other. It is the largest market in the world. In this m....
The European Bank of Investment was created in 1958 by the Treaty of Rome with the major objective of balanced development of different regions of the....
The ECU is the central element of the EMS. It is a basket composed of different currencies of the European Union, weighted according to the economic s....
The primary objective of the EMS is to promote and enhance monetary stability in the European Community. ....
The Treaty signed at Paris on 18 April 1951 to establish European Coal and Steel Community (ECSC) was the first step towards the unification of Europe....
A strong central bank, called the European Central Bank (ECB), was established in Frankfurt, Germany, in accordance with the Treaty. The bank is model....
The 15 members of the European Union are also members of the European Monetary System (EMS). This group has tried to form an island of fixed exchange ....
The International Bank for Reconstruction and Development (IBRD), better known as the World Bank, was established at the same time as the Internationa....
If a speculator anticipates that the US dollar is going to be FFr 5.7 in 6-months, he will take a long position in that currency.....
In the case of forward market, the arbitrage operates on the differential of interest rates and the premium or discount on exchange rates. The rule is....
The major currencies quoted on the forward market are given below. They are generally in terms of the US dollar.....
The 1- or 2-day delivery period for spot transactions is so short that when comparing spot rates with forward exchange rates we can usefully think of ....
With fast development in the telecommunication system, rates are expected to be uniform in different foreign exchange markets.....
In the spot market, currencies are traded for immediate delivery at a rate existing on the day of transaction. For making book-keeping entries, delive....
The most common type of foreign transaction involves the payment and receipt of the foreign exchange within two business days after the day the transa....