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Foreign Exchange
Practical Asset Pricing and Macroeconomic Theory
Buch von Adam S. Iqbal
Sprache: Englisch

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Beschreibung
One of the great challenges that many participants in foreign exchange (FX) markets face is sifting through the often overwhelming amount of information that is available. Media outlets stream updates on international politics, economics, and other factors that move FX prices twenty-four hours a day. It is difficult to work out what is and what is not important. This book helps its reader overcome these challenges by combining the insights gained from a market practitioner who has traded FX at Goldman Sachs, PIMCO, and Barclays Investment Bank, with textbook-level modern financial macroeconomic theory.

The book covers macroeconomics relating to exchange rate determination. While you could obtain this information from a disparate set of sources¿textbooks, academic literature, industry research notes, conversations with other market practitioners, and theories cited in media reports¿this book brings all of these sources together to translate the information into concrete FX views that are firmly rooted in the macroeconomic theory of risk premiums, interest rates, and inflation, among other topics. The book promotes time consistent thought that avoids the daily temptation to jump from that day¿s economic narrative to the next. Of particular interest to buy- and sell-side industry practitioners, finance and economics graduate students, academics, and others interested in FX markets, this book teaches its readers how to do this and improve their own trading and understanding of the FX markets.
One of the great challenges that many participants in foreign exchange (FX) markets face is sifting through the often overwhelming amount of information that is available. Media outlets stream updates on international politics, economics, and other factors that move FX prices twenty-four hours a day. It is difficult to work out what is and what is not important. This book helps its reader overcome these challenges by combining the insights gained from a market practitioner who has traded FX at Goldman Sachs, PIMCO, and Barclays Investment Bank, with textbook-level modern financial macroeconomic theory.

The book covers macroeconomics relating to exchange rate determination. While you could obtain this information from a disparate set of sources¿textbooks, academic literature, industry research notes, conversations with other market practitioners, and theories cited in media reports¿this book brings all of these sources together to translate the information into concrete FX views that are firmly rooted in the macroeconomic theory of risk premiums, interest rates, and inflation, among other topics. The book promotes time consistent thought that avoids the daily temptation to jump from that day¿s economic narrative to the next. Of particular interest to buy- and sell-side industry practitioners, finance and economics graduate students, academics, and others interested in FX markets, this book teaches its readers how to do this and improve their own trading and understanding of the FX markets.
Über den Autor

Adam S. Iqbal is a Managing Director and Global Head of G10 FX Options Trading at Goldman Sachs, where he has previously served as Global Head of FX Exotics and Correlation Options Trading, and EMEA Head of G10 FX Options Trading, running FX vanilla and exotic options portfolios. Prior to this, he was an FX Volatility Portfolio Manager at PIMCO, and he has worked as a vanilla and exotic FX options trader at Barclays Investment Bank in London. He is also author of Volatility: Practical Options Theory (2018).

Dr. Iqbal holds a PhD in financial mathematics and economics from Imperial College London, an MSc in applied mathematics from Oxford University, and an MSci, and BA in physics from Cambridge University. He has held a visiting academic position at Imperial College London and has guest lectured at the London School of Economics.

Zusammenfassung
Helps readers sift through the daily plethora FX information with better rigour

Distills FX views that are firmly rooted in the macroeconomic theory of risk premiums, interest rates, and inflation, among other topics

Allows readers to improve their own trading and understanding of the FX markets

Combines the insight gained from a FX market practitioner with textbook-level modern financial macroeconomic theory

Inhaltsverzeichnis
Chapter 1; Risk Premiums.- Chapter 2: FX Forwards and the Carry Trade.- Chapter 3; Exchange Rates, Interest Rates, Inflation and the Risk Premium.- Chapter 4; The Mundell Fleming Model of the Exchange Rate.- Chapter 5: Valuation Models (PPP, DEER, FEER)?.- Chapter 6: What Drives Inflation and How Do Central Banks Control It?.- Chapter 7: Analogous Frameworks for Equity Investments.
Details
Erscheinungsjahr: 2022
Fachbereich: Volkswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: XVII
241 S.
3 s/w Illustr.
51 farbige Illustr.
ISBN-13: 9783030935542
ISBN-10: 303093554X
Sprache: Englisch
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Iqbal, Adam S.
Auflage: 1st ed. 2022
Hersteller: Springer International Publishing
Springer International Publishing AG
Maße: 241 x 160 x 20 mm
Von/Mit: Adam S. Iqbal
Erscheinungsdatum: 23.02.2022
Gewicht: 0,559 kg
Artikel-ID: 120815726
Über den Autor

Adam S. Iqbal is a Managing Director and Global Head of G10 FX Options Trading at Goldman Sachs, where he has previously served as Global Head of FX Exotics and Correlation Options Trading, and EMEA Head of G10 FX Options Trading, running FX vanilla and exotic options portfolios. Prior to this, he was an FX Volatility Portfolio Manager at PIMCO, and he has worked as a vanilla and exotic FX options trader at Barclays Investment Bank in London. He is also author of Volatility: Practical Options Theory (2018).

Dr. Iqbal holds a PhD in financial mathematics and economics from Imperial College London, an MSc in applied mathematics from Oxford University, and an MSci, and BA in physics from Cambridge University. He has held a visiting academic position at Imperial College London and has guest lectured at the London School of Economics.

Zusammenfassung
Helps readers sift through the daily plethora FX information with better rigour

Distills FX views that are firmly rooted in the macroeconomic theory of risk premiums, interest rates, and inflation, among other topics

Allows readers to improve their own trading and understanding of the FX markets

Combines the insight gained from a FX market practitioner with textbook-level modern financial macroeconomic theory

Inhaltsverzeichnis
Chapter 1; Risk Premiums.- Chapter 2: FX Forwards and the Carry Trade.- Chapter 3; Exchange Rates, Interest Rates, Inflation and the Risk Premium.- Chapter 4; The Mundell Fleming Model of the Exchange Rate.- Chapter 5: Valuation Models (PPP, DEER, FEER)?.- Chapter 6: What Drives Inflation and How Do Central Banks Control It?.- Chapter 7: Analogous Frameworks for Equity Investments.
Details
Erscheinungsjahr: 2022
Fachbereich: Volkswirtschaft
Genre: Wirtschaft
Rubrik: Recht & Wirtschaft
Medium: Buch
Inhalt: XVII
241 S.
3 s/w Illustr.
51 farbige Illustr.
ISBN-13: 9783030935542
ISBN-10: 303093554X
Sprache: Englisch
Ausstattung / Beilage: HC runder Rücken kaschiert
Einband: Gebunden
Autor: Iqbal, Adam S.
Auflage: 1st ed. 2022
Hersteller: Springer International Publishing
Springer International Publishing AG
Maße: 241 x 160 x 20 mm
Von/Mit: Adam S. Iqbal
Erscheinungsdatum: 23.02.2022
Gewicht: 0,559 kg
Artikel-ID: 120815726
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