CITIBANK'S FOREX LOSSES

Laurent L Jacque
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Laurent L Jacque: Tufts University, USA & HEC School of Management, France

Chapter 3 in Global Derivative Debacles:From Theory to Malpractice, 2010, pp 29-40 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe following sections are included:CURRENCY TRADING IN THE TRANQUIL DAYS OF BRETTON WOODSGAMBLING ON CURRENCIES WITH FORWARD CONTRACTSHOW DO BANKS KEEP A LID ON THEIR FOREIGN EXCHANGE TRADING OPERATIONS?SPECULATING FROM A COMMERCIAL BANK'S TRADING DESK: WHEN CITIBANK IS NOT QUITE A HEDGE FUND À LA GEORGES SOROSHASTY AND COSTLY CONCLUSIONTHE MORAL OF THE STORYQUESTIONS FOR DISCUSSION

Keywords: Derivatives; Debacles; Options; Swaps; Futures; Forwards; Financial Engineering; Market Manipulation; Rogue Traders; Speculation (search for similar items in EconPapers)
Date: 2010
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