The Money Changers A Guided Tour through Global Currency Markets [Hardcover]

Introduction: Encounter with a Moneychanger
1. A Glance at Foreign Exchange at Breakfast
2. A Visit to the Local Bank: What Do Money Changers Buy and Sell?
3. How Do Money Changers Arrange Deals?
4. Who Are the Actors in the World's Biggest Market?
5. Where Deals are Made: Historical Geography of Money Changer Enclaves
Why Do Money Changers Cluster Where They Do?
Paradox of Clustering in a Computer-linked World
6. Professor Smith Gets FX'd in Tokyo: Could He Have Profited from a Currency Forecast?
7. Inside the Trading Room: Philosophies behind Trading Strategies
Vision No. 1: It's All Supply and Demand
Vision No. 2 : It's All Fundamentals
Vision No. 3: It's All Technical
8. Behind the Fish Tank: What Causes Rates to Change?
9. How Currencies are Delivered: Snapshot of an Evolving System
A Visit with a Payments Systems Expert
Appendix to Chapter 9: Diagrammatic Notes on Currency Delivery Channels
10. The Big Apple: Electronic Dollar Deliveries through CHIPS
11. Time to Settle Up: CHIPS Closes the International Dollar Day at the New York Fed 4:30-5:00 pm
CHIPS Upgrades to Real Time Final Settlement 2001
Finally, a Delivery System Safe from Foreign Exchange Settlement Risk:
Continuous Linked Settlement Bank begins in 2002
Lessons of September 11, 2001 for Global Payments
12. In the City of London after the Russian Default: Anatomy of Currency Storms of the 1990s?
13. The Euro in its Infancy
Prologue
The Potential of the Euro as a World Currency The Euro-Revolution in Stocks and Bonds
The Transition of the Real Economy to Euro
14. Doubts about the Euro and the new Central Bank
A European Central Banker Waits on the Sidelines
Doubts about TARGET, the Official Euro Payments System
Reflections on the Future of the World Monetary System
Wrap-up Session with Walter Blass
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