Currency And Interest Rate Hedging: A User's Guide To Options, Futures, Swaps, And Forward Contracts (new York Institute Of Finance, Second Edition)

Here, in a completely up-to-date new edition, is the only single source that provides full coverage of all the relevant currency and interest rate hedging instruments. The book presents a detailed, hands-on description of all the current market practices and uses of instruments while at the same time providing the most current theories, applications and new market developments.

Highlights of the new edition include:
-A completely up-to-date survey of trends in foreign exchange and interest rate markets...how to measure currency and interest rate exposures...and the possible ways of managing these financial risks.
-A discussion of relevant concepts such as duration, efficient sets of assets and liabilities, immunization, delta hedging, cross hedging, portfolio hedging, etc.
-A thorough analysis of the expanding product range in the bank-driven OTC market
-A detailed explanation of the newest instruments and their uses, including CAPs, LEAPs, FLEXes, par forwards, range forwards, cylinder options, SFAs, scale down floors, captions, diff swaps, swaptions and more.
Plus...
-Numerous examples, calculations, and case studies explain how to use different hedging instruments
-Useful appendixes on forecasting techniques, option hedging strategies, and relevant standard documentation for use in the OTC market

Currency and Interest Rate Hedging, Second Edition is an indispensable resource for potential hedgers, market practitioners and students who wish to broaden their understanding of how to measure, monitor and manage different financial risk exposures.