IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-31888-6_2.html
   My bibliography  Save this book chapter

The Foreign Exchange Market

In: Exchange Rates and International Financial Economics

Author

Listed:
  • John N. Kallianiotis

    (University of Scranton)

Abstract

The foreign exchange market is a form of international market for the trading of all national currencies. Financial centers all over the world function as anchors of trading among a wide range of different types of buyers and sellers around the clock, with the exception of weekends. This foreign exchange market determines the relative values (exchange rates) of different currencies. It also assists international trade and investment by enabling currency conversion, offering lines of credit in different currencies, and providing instruments of hedging exchange rate risk. Further, it supports direct speculation on the value of currencies and arbitrage profits between different markets, based on different exchange rates and interest rate differentials among countries.

Suggested Citation

  • John N. Kallianiotis, 2013. "The Foreign Exchange Market," Palgrave Macmillan Books, in: Exchange Rates and International Financial Economics, chapter 2, pages 51-82, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-31888-6_2
    DOI: 10.1057/9781137318886_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-31888-6_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.