Foreign Exchange

Stephen Valdez

Chapter 7 in An Introduction to Western Financial Markets, 1993, pp 126-158 from Palgrave Macmillan

Abstract: Abstract Foreign exchange dealing rooms at times of peak activity resemble bedlam. Shirt-sleeved dealers look at computer screens, talk into several phones at once and yell to colleagues. They talk in the space of minutes to key centres — London, New York, Paris, Zurich, Frankfurt. The phrases are terse and mysterious — ‘What’s cable?’; ‘50/60’; ‘Mine!’; ‘Yours!’; ‘Cab1e70/80—give five, take three’; ‘Getme dollarmark, Chemical Hong Kong’; ‘tomnext’; ‘What’s Paris?’

Keywords: Exchange Rate; Interest Rate; Central Bank; Foreign Exchange; Forward Rate (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22961-1_7

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DOI: 10.1007/978-1-349-22961-1_7

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