Transcription of SOLUTIONS TO EXERCISES
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SOLUTIONS TO EXERCISES
Princeton University Press . International Finance: Theory Into Practice by Piet Sercu SOLUTIONS TO EXERCISES . magnanimously prepared by Thi Ngoc Tuan Bui, Leuven SB&E. Marian Kane, KBC Bank Fang Liu, Cheung Kong Business School Thi Tuon Van Nguyen, Leuven SB&E. 15:01 on 8 March 2009. 15:01 on 8 March 2009 P. Sercu, SB&E. Foreword Writing the textook itself was an enormous task, over and above my regular work as a teacher, researcher, supervisor and administrator. Fortunately, as far as EXERCISES were concerned I could fall back to a large extent on the predecessor book, Sercu- Uppal's International Financial Markets and the Firm. For many of these, there were even typed-up SOLUTIONS extant, even though I must admit that much of the teacher's manual of that book was mysteriously lost.
The Market for Currency Futures 35 Markets for Currency Swaps 43 Currency Options (1): Concepts and Uses 49 ... • If the transactions do reflect Swiss purchases of securities, the securities need not be bonds. For example, Swiss residents may have bought
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