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Central Banks and Regulators |
Written by Bank of England |
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The foreign exchange market enables companies, fund managers and banks to buy and sell foreign currencies, if necessary in large amounts. The motivations behind this demand for foreign currency include capital flows arising from trade in goods and services, cross-border investment and loans and speculation on the future level of exchange rates. The sums involved are very large: estimated global turnover in all currencies in April 1998 was $1,490 billion, an increase of 26 percent over the past three years. Deals are typically for amounts between $3 million and $10 million, though much larger transactions are often done. |
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Central Banks and Regulators |
Written by Triennial Central Bank |
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In April this year, 52 central banks and monetary authorities participated in the Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity. They collected data on turnover in traditional foreign exchange markets - those for spot transactions, outright forwards and foreign exchange swaps - and in over-the-counter (OTC) currency and interest rate derivatives. |
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Central Banks and Regulators |
Written by European Central Bank |
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Since 1 January 1999 the European Central Bank (ECB) has conducted the single monetary policy for the euro area. The Treaty on European Union assigns the Eurosystem the primary objective of maintaining price stability, reflecting a broad consensus in society that maintaining stable prices is the best contribution that monetary policy can make to economic growth, job creation and social cohesion. |
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Central Banks and Regulators |
Written by European Central Bank |
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With the euro now in our pockets, more than 300 million European citizens are connecting with the European Central Bank (ECB) in everyday life.The new currency essentially performs the three classic functions of money ? a medium of exchange, a store of value and a unit of account ? but it is much more than that. |
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Central Banks and Regulators |
Written by Federal Reserve Bank of New York |
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Interest is the price that someone pays for the temporary use of someone else?s funds. To repay a loan, a borrower has to pay interest, as well as the principal, the amount originally borrowed. Interest is the compensation that someone receives for temporarily giving up the ability to spend money. Without interest, lenders wouldn?t be willing to lend, or to temporarily give up the ability to spend, and savers would be less willing to defer spending. |
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Central Banks and Regulators |
Written by Federal Reserve Bank of New York |
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Over the past forty years, the Federal Reserve Bank of New York has published monographs about the operation of the foreign exchange market in the United States. The first of these reports, The New York Foreign Exchange Market, by Alan Holmes, was published in 1959. The second, also entitled The New York Foreign Exchange Market, was written by Alan Holmes and Francis Schott and published in 1965. The third publication, Foreign Exchange Markets in the United States, was written by Roger Kubarych and published in 1978. |
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Central Banks and Regulators |
Written by Federal Reserve Bank of New York |
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The Federal Reserve Bank of New York is responsible for day-to-day implementation of the nation?s monetary policy. It is primarily through open market operations?purchases or sales of U.S. Government securities in the open market in order to add or drain reserves from the banking system?that the Federal Reserve influences money and financial market conditions that, in turn, affect output, jobs and prices. |
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Central Banks and Regulators |
Written by Federal Reserve Bank of New York |
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Understanding how monetary policy is formed and implemented is of considerable importance to economists, market participants, students and, indeed, the general public. This edition of U.S. Monetary Policy and Financial Markets seeks to advance that understanding by providing a detailed look at Federal Reserve policy procedures. The book benefits from the extensive knowledge and experience of author Ann-Marie Meulendyke, a recently retired officer who worked nearly twenty-six years in the open market and research areas of the Bank. Ms. Meulendyke prepared her first version of this book in 1989 and has now made significant revisions. |
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Central Banks and Regulators |
Written by Federal Reserve Board |
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The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system; over the years, its role in banking and the economy has expanded. |
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Trading Psychology Articles |
Written by Administrator |
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In my peak performance training with traders, I give a strong psychological slant to the concept of self-sabotage. Self-sabotage typically occurs when one lacks the discipline to act in one's own best interest. For example, when you have dessert, knowing it's taboo because you are trying get healthy, you might call that self-sabotage. Or perhaps you know you need to exercise and you really feel good when you do so, but somehow you just feel lazy and want to skip the exercise period. |
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General Trading Articles |
Written by Administrator |
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I recent wrote a foreword for a book that I think is one of the top five trading books ever written. It's Curtis Faith's new book, Way of the Turtle. Curtis was one of the more successful traders in Richard Dennis' experiment to see if he could train good traders. And since I was part of the selection process, but never knew what happened once they started training, I was fascinated to get these insights. |
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