HARVEY PONIACHEK INT'LFINANCIAL MARKETS PRESENTATION TO EADA EXEC MBA JUNE 10 2010, Lecture at Pace

HARVEY PONIACHEK INT'LFINANCIAL MARKETS PRESENTATION TO EADA EXEC MBA JUNE 10 2010, Lecture at Pace

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International Financial Markets Presentation on June 10, 2010 at CUNY / Baruch College to EADA, Executive MBA, Barcelona, Spain By Harvey Poniachek, Ph.D. Director of Valuation Services, RSM McGladrey, Inc. Professor of Finance The City University of New York, Baruch College and Pace University I. Introduction International financial markets facilitate world trade, investment, and financial transactions. Their efficient operation promotes a high degree of globalization. International financial markets could be narrowly defined to include the foreign currency, Eurocurrency, and Eurobond markets. A broader definition would encompass the main domestic financial markets (e.g. Wall Street) as well. The various participants in these international financial markets include banking companies, non-banking corporations, national central banks (including the ECB), and international organizations (such as the IMFand BIS). These markets are subject to relatively de minimus controls and are principally governed by corporate commercial interest and business law. Participation in the international financial markets offers attractive opportunities, but with considerable risk. Familiarity and expertise in the international financial markets, specifically with issues relating to foreign exchange rate evolution, derivatives, the 1
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Exhibit 1: Foreign Exchange Markets ($ Billions) I. Daily Turnover Spot 1,004,889 33% Outright Forwards 361,730 12% FX Swaps 1,714,370 56% Total 3,080,989 100% II. Main Markets Australia 169,518 5.1% France 119,740 3.6% Germany 98,713 3.0% Hong Kong 174,625 5.3% Japan 238,425 7.2% Singapore 230,555 7.0% Spain 16,261 0.5% Switzerland 241,691 7.3% United Kingdom 1,359,103
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HARVEY PONIACHEK INT'LFINANCIAL MARKETS PRESENTATION TO EADA EXEC MBA JUNE 10 2010, Lecture at Pace

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