Financial Markets

  1. Foreign Exchange Markets
    1. Market Structure and Participants
      1. Market Size and Liquidity
        1. Trading Hours and Sessions
          1. Major Market Centers
            1. Market Participants
              1. Central Banks
                1. Commercial Banks
                  1. Corporations
                    1. Institutional Investors
                      1. Retail Traders
                    2. Currency Quotations and Conventions
                      1. Direct vs. Indirect Quotations
                        1. Base Currency vs. Quote Currency
                          1. Bid-Ask Spreads
                            1. Cross Rates
                              1. Currency Triangulation
                              2. Spot Foreign Exchange
                                1. Spot Rate Determination
                                  1. Settlement Procedures
                                    1. Value Dates
                                      1. Market Conventions
                                      2. Forward Foreign Exchange
                                        1. Forward Contract Features
                                          1. Forward Rate Calculations
                                            1. Forward Points
                                              1. Swap Points
                                              2. Currency Pairs Classification
                                                1. Major Currency Pairs
                                                  1. Minor Currency Pairs
                                                    1. Exotic Currency Pairs
                                                      1. Commodity Currencies
                                                      2. Exchange Rate Theories
                                                        1. Purchasing Power Parity
                                                          1. Absolute PPP
                                                            1. Relative PPP
                                                              1. PPP Deviations
                                                              2. Interest Rate Parity
                                                                1. Covered Interest Rate Parity
                                                                  1. Uncovered Interest Rate Parity
                                                                  2. Balance of Payments Approach
                                                                    1. Current Account Effects
                                                                      1. Capital Account Effects
                                                                      2. Monetary Approach
                                                                        1. Money Supply Effects
                                                                          1. Inflation Differentials

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                                                                      12. Derivatives Markets