Explains arbitrage, hedging, and speculation from the standpoint of a participant in the foreign exchange market--whether an individual trader or an institutional trader--who possesses analytical skill, economically sound judgment, and who has access to market data. In the foreign exchange market, arbitrage involves the simultaneous purchase and sale of a currency in different markets; the profit comes from the difference in the buying and selling prices. Hedging and speculation are opposing strategies for dealing with risk; hedging is a cover, and speculation is an assumption of risk. Authors also discuss futures, swaps, forward contracts, and other strategies. For financial scholars, students, analysts, and currency traders.

Top financial scholars from around the world analyze regional economic issues in light of the recent Asian financial crisis. As a result of that crisis, and the ensuing reforms, corporations, governments, individual investors have pursued a variety of strategies to cope with the fast-changing economic situation. Each chapter treats a separate issue and offers policy recommendations. Among the theoretical and empirical analyses collected here are those relating to nonperforming loans, economic restructuring, bank forecasting, prediction of corporate failure, Islamic banking issues, new measurement of systematic risk of delisted stocks resuming trading operations, and the lead-lag relationship and pricing efficiency of regional stock exchanges.

In the evolving environment of global financial markets, governments, corporations, individual investors, and their associated financial institutions must grapple with a host of thorny issues that affect emerging economies with particular force, as we saw during the Asian financial crisis of the late 1990s. Among the issues analyzed by some of the top financial scholars from around the world are covered arbitrage possibilities in the absense of hedging instruments; the effect of capital controls on capital flows; the potential impact of currency unification, as well as the possibilities for pegging currency in the context of floating foreign exchange regimes; regulatory reforms; and political risk analysis.

This collection examines the emerging issues, and the basic questions and analytical structures, arising from increasingly globalized financial markets. Topics covered include: an in-depth study of the exchange rate market, equilibrium and efficiency, inflation and interest rates, capital movement, the balance of payments and international reserves, foreign debt, country risk analysis, currency market arbitrage and speculative designs under market imperfection, international tax issues and trade liberalization, offshore banking and related issues. The contributors include: Alejandra Cabello; Benoit Charmichael, Jean-Claude Cosset, Krishnan Dandapani, Gilles Duteil, Christopher A. Erickson, Irene Finel-Honigman, Klaus P. Fischer, Shyamasri Ghosh, Larry Guin, M. Anaam Hashmi, Jannett K. Highfill, Anisul Islam, Muhammad Islam, Moosa Khan, Shahriar Khaksari, Ramakrishnan S. Koundinya, John P. LaJaunie, Eric Youngkoo Lee, Charles Maxwell, Bruce L. McManis, Mathew J. Morey, Abraham Mulugetta, Atsuyuki Naka, A.P. Palasvirta, Joanna Poznanska, Arun j. Prakesh, Emmanuel N. Roussakis, Neil Seitz, Michael Szenberg, William V. Weber, Elliott Willman, M. Razuibuz Zaman.

Modern food biotechnology is now a billion-dollar industry, producing functional foods and nutraceuticals that offer a whole host of increased health benefits, including prevention against illness, and chronic and degenerative conditions. Written by a team of top-tier researchers and scientists from around the world, Biotechnology in Functional Foods and Nutraceuticals brings you up to speed on the cutting-edge research advances taking place in the field.

The book begins with an overview of recent advances in biotechnology and their contributions to food science. It then examines the impact of genetic modification on functional foods and explores various aspects of food manufacturing technology. This one-of-a-kind resource also gives insight into quality assurance and food safety and an assessment of where the field currently stands on legal, social, and regulatory aspects of food biotechnology. The book rounds out its solid coverage with a look at future directions in the applications of biotechnology to functional foods and nutraceuticals.

Biotechnology in Functional Foods and Nutraceuticals is the first book of its kind to position functional foods and nutraceuticals in the broader context of emerging technologies, making it a one-stop reference for food and nutrition scientists as well as researchers in the functional foods and nutraceuticals industries, nutritionists, dieticians, and supplement manufacturers.

In most countries the economic structure and financial landscape are dominated by corporations. A critical examination of the various facets of the corporate economy is thus vitally important. In "Mangerial Finance in the Corporate Economy" the authors employ a dynamic theoretical apparatus and empirical evaluations to present such a study.
The book, divided into five sections, brings together new research on major issues such as mutual and pension funds and portfolio diversification; market volatility, credit availability; tax structure and dividend reinvestment plans; financial institutions; and corporate behavior in the context of the international economy. "Managerial Finance in the Corporate Economy" presents a comprehensive analysis of corporate culture within the international economy.

Ideal for college students in intermediate finance courses, this book uniquely applies mathematical formulas to teach the underpinnings of financial and lending decisions, covering common applications in real estate, capital budgeting, and commercial loans. An updated and expanded version of the time-honored classic text on financial math, this book provides, in one place, a complete and practical treatment of the four primary venues for finance: commercial lending, financial formulas, mortgage lending, and resource allocation or capital budgeting techniques. With an emphasis on understanding the principles involved rather than blind reliance on formulas, the book provides rigorous and thorough explanations of the mathematical calculations used in determining the time value of money, valuation of loans by commercial banks, valuation of mortgages, and the cost of capital and capital budgeting techniques for single as well as mutually exclusive projects. This new edition devotes an entire chapter to a method of evaluating mutually exclusive projects without resorting to any imposed conditions. Two chapters not found in the previous edition address special topics in finance, including a novel and innovative way to approach amortization tables and the time value of money for cash flows when they increase geometrically or arithmetically. This new edition also features helpful how-to sections on Excel applications at the end of each appropriate chapter. Lays the foundation of all the topics that are typically covered in a financial management textbook or class Demonstrates how the mastery of a few basic concepts-such as the time value of money under all possible situations-allows for a precise understanding of more complex topics in finance Describes how all advanced capital budgeting techniques can be reduced to the simplest technique-the payback period method Examines traditional financial techniques using simple interest rate and accounting rate of return methods to conclusively show how these practices are now defunct

Financial markets have been revolutionized by megaspeed transmission technology and the integration of regional economic blocs. The global village has become a reality as markets are connected across nations by the invisible hand of worldwide trade. This title explores these recent changes in financial markets. Areas discussed include Latin America, Europe, the US, Mexico and India. The book updates issues including: risk and its minimization; business enterprise on world markets; capital flows and capital flights; offshore markets; and central bank intervention.