Subject category:
Finance, Accounting and Control
Published by:
Centre for Islamic Banking and Finance
Length: 13 pages
Data source: Published sources
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https://casecent.re/p/22330
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Abstract
The introduction of the new currency, the euro, on January 1st 1999 and the subsequent abolition of eleven currencies of the European Union has meant that a parallel change in the money markets was also necessary. A glance at the money rates section of the financial press indicates that a new world of money markets and subsequent terminology has been introduced. This technical note describes this new terminology. The note is essential reading for courses in international finance covering the foreign exchange markets and the EuroMarkets, whether it be Eurobonds or Euro Syndicated Credits. International investment, covered interest arbitrage and foreign exchange hedging calculations must now incorporate a whole new family of technical terms.
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Abstract
The introduction of the new currency, the euro, on January 1st 1999 and the subsequent abolition of eleven currencies of the European Union has meant that a parallel change in the money markets was also necessary. A glance at the money rates section of the financial press indicates that a new world of money markets and subsequent terminology has been introduced. This technical note describes this new terminology. The note is essential reading for courses in international finance covering the foreign exchange markets and the EuroMarkets, whether it be Eurobonds or Euro Syndicated Credits. International investment, covered interest arbitrage and foreign exchange hedging calculations must now incorporate a whole new family of technical terms.