search query: @indexterm Foreign exchange / total: 493
reference: 117 / 493
Author: | Brenner, M. |
Title: | Implied foreign exchange rates using options prices |
Journal: | International Review of Financial Analysis
1996 : VOL. 5:3, p. 171-183 |
Index terms: | FINANCIAL ANALYSIS FOREIGN EXCHANGE EXCHANGE RATES |
Language: | eng |
Abstract: | Many countries around the globe, particularly less developed ones, impose restrictions on foreign exchange transactions and maintain an official exchange rate, fixed or manager float, by a variety of controls. In these countries, we usually find an active black market for foreign exchange, with the participants, mostly on the demand side, having limited or no access to the official market. The black market, however, does not replace the official market since most financial institutions and business entities involved in international trade transact in the official market, which is the larger one. |
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