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Recent changes in foreign exchange markets will dramatically affect the manner in which international business will be conducted over the next decade. This textbook explores the implications of these changes and provides students with guidance on financial management and financial control issues.

Since the beginning of the 1990s enormous changes have reshaped the foreign exchange markets; the swaps markets has grown significantly, the euro looms large, and derivative instruments are increasing daily. These considerable developments have drastically changed the way international business will be conduced over the next decade. In this revised and expanded guide, foreign exchange and money markets expert Julian Walmsley provides investors and corporate officers with practical and accessible guidance on every important market around the world.

Completely updated, this volume clarifies and simplifies the financial instruments currently available. It explains the latest financial innovations and techniques, including variations in the different types of financial markets and the potential risks or rewards associated with each one.