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foreign exchange

John O'Connell


Subject Business and Management » International Management


Extract

Foreign exchange is the currency of one country located in a second country. A country generally uses the foreign currency it has on hand to pay debts owed in the issuing country. Foreign exchange may also refer to the actual process of exchanging one currency for another. Foreign exchange markets have been established throughout the world for such exchanges to take place. ( 1992 ). Parallel Currency Markets in Developing Markets: Theory, Evidence, and Policy Implications . Princeton, NJ : Princeton University Press . ( 1994 ). Foreign Exchange Management . Morristown, NJ : Financial Executives Research Foundation . ( 1993 ). Strategic Currency Investing: Trading and Investing in the Foreign Exchange Markets . Hinsdale, IL : Probus . ... log in or subscribe to read full text

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The Blackwell Encyclopedia of Management



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