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Peer reviewedRobinson, J. N. – Economics, 1992
Explains the use of forwards, futures, swaps, and options in international currency trading. Argues that pricing options are based on the same basic principles as pricing other financial instruments. Concludes that, although financial markets have developed several new products, hedging and speculation involve similar processes. (CFR)
Descriptors: Banking, Business Cycles, Credit (Finance), Economic Factors
