Introduction to Foreign Exchange

abroad action balance of payments balance-of-payments bankers borrowing Bretton Woods brokers capital cause central bank commercial companies country's cover forward crisis currency area currency crises currency reserves customers dealers decision delivery devaluation developed difficult dollar economic situation effect Eurocurrency Eurocurrency markets Eurodollar market European Monetary System exchange control exchange risk exports fixed floating exchange rates fluctuations foreign currency foreign exchange deal foreign exchange market forward cover free market French francs Gold Pool important increase industrial inflation interest arbitrage interest rates International Monetary Fund intervention points investment currency lenders lending less loan measures member countries ment monetary gold Monetary System movement national currency numeraire operation overseas parity period political pound pressure price of monetary profit rate of exchange rate of interest restrictions result sell short-term snake Special Drawing Rights speculation spot sterling area substantial supranational market surplus swap trade transactions trends United Kingdom