European Parliament Library

The money changers, a guided tour through global currency markets, Robert G. Williams

This book provides an understanding of what goes on in the sector of foreign currency trading that has exploded during the last twenty years. The author gives a behind the scenes portrait and guided tour of the places, computer systems, electronic circuitry, people, banking institutions and other institutions involved in moving gigantic volumes of money around the world. He does this with a sense of the history of how the system has evolved in recent years, including the arrival of the new global currency, the Euro, and the currency crashes that seem to have become a more frequent feature of international finance in the era of globalization and freed up money markets
Table Of Contents
Introduction : encounter with a money changer -- Back in the States : a glance at foreign exchange -- A visit to the local bank : what do money changers buy and sell? -- How do money changers arrange deals? -- Who are the actors in the world's biggest market? -- Were deals are made : historical geography of money changer enclaves -- Professor Smith gets FXed in Tokyo : could he have profited from a currency forecast? -- Inside the trading room : philosophies behind trading strategies -- Behind the fish tank : what causes rates to change? -- How currencies are delivered : snapshot of an evolving system -- A visit to CHIPS, the world's largest currency delivery system in the 1990s -- Time to settle up : CHIPS closes the dollar day at the New York Fed -- In the city of London after the Russian default : anatomy of currency market storms of the 1990s -- The euro in its infancy -- Doubts about the euro and the new central bank -- Testing the dollar's hegemony : will the adjustment be smooth?
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (305 p.)
Specific Material Designation
Form Of Item

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