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In 1971, President Richard Nixon ended the convertibility of the dollar into gold and thereby scotched the mechanism of international agreements and regulations that had governed the world monetary system since the end of World War II. Over the ensuing decades, the once-stable global monetary environment became an exciting, volatile new source of risk and opportunity. Manufacturers saw their fortunes rise and fall as currency shifts favored them or, alternatively, their competitors overseas. Financial institutions discovered new opportunities and dangers in fast-moving currency markets. getAbstract.com recommends this book for its detailed and generally clear, albeit often tedious, introduction to the tools, techniques and strategies readers may use to manage risk or speculate in the world's biggest financial arena - the unregulated international currency market.

Book Publisher:

Wiley