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An Introduction to Derivatives and Risk
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Financial markets teach you humility. Two years ago, I made these related
forecasts. First, I forecast the euro would strengthen as European economic
recovery picked up and the U.S. economy slowed. Second, I forecast euro
strength would be augmented over the next five years by a reduction of
Europe’s $100 billion to $150 billion of excess dollar reserves. Third, I forecast
that the authorities would be less concerned over exchange rates, would only
intervene after bigger exchange rate moves, and so exchange rate volatility
would rise. Interestingly, people still ask for my opinion.
9th Edition
1-133-19019-7
NONE
An Introduction to Derivatives and Risk
Management
English
South-Western, Cengage Learning
2013
1-30
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