Foreign Exchange Theory and Practice

Author: Mai Jianguo
Publisher:
Publish Date: 2004-04-01
Features: As a textbook for undergraduate finance majors, this book incorporates the strengths of a series of domestic and international related works and textbooks while also integrating the author's insights and innovations from years of teaching and researching exchange rate theory and practice. During the writing process, it strives to adhere to the principles of scientificity, systematicity, novelty, practicality, and operability in textbook development. It elaborates on and reviews the exchange rate theories of various schools from the perspective of the development of exchange rate theory, emphasizes the trading operations of various foreign exchange products from the perspective of foreign exchange product derivatives, and introduces operational strategies for hedging exchange rate risks using foreign exchange products in today's volatile exchange rate environment. The purpose of this book is to enable readers to understand and master the reasons behind exchange rate fluctuations both theoretically and practically, and on this basis, to understand and master the principles and methods of various foreign exchange trading operations, thereby improving their theoretical knowledge and professional skills.
The book, as a textbook for undergraduate finance majors, incorporates the strengths of a series of domestic and international related works and textbooks while also integrating the author's insights and innovations from years of teaching and researching exchange rate theory and practice. During the writing process, it strives to adhere to the principles of scientificity, systematicity, novelty, practicality, and operability in textbook development. It elaborates on and reviews the exchange rate theories of various schools from the perspective of the development of exchange rate theory, emphasizes the trading operations of various foreign exchange products from the perspective of foreign exchange product derivatives, and introduces operational strategies for hedging exchange rate risks using foreign exchange products in today's volatile exchange rate environment.
The features of this book are as follows:
① Structurally innovative, combining exchange rate theory with foreign exchange trading operations. It introduces the trading operations and strategies of various foreign exchange products after elaborating on exchange rate theory.
② Unity of novelty and richness, incorporating relevant foreign exchange theories and trading operations from the 1990s into the relevant chapters of this book.
③ Uses mathematical methods to review exchange rate theories in an accessible way, making it suitable for senior undergraduate students in finance, management, and economics, as well as a reference book for bank staff and other financial professionals.