IB

the theory that the prices of tradable goods will tend to equalize across countries

the theory that the relative prices of any single good between countries, Expressed in each country's currency, is representative of the proper or appopiate exchange rate value

the price of any one country's currency in terms of another country's currency

A foreign exchange quotation that specifies the amount of home-country currency needed to purchase one unit of foreign currency

Foreign exchangequotation that specifies the units of foreign currency that could be purchased with one unit of the home currency

Contracts that provide for two parties to exchange currencies, with delivery in two business days

Cantracts that provide for two partiese to exchange currencies on a furturedate at an agreed-upon exchange rate

Quating a currency rate as a country's currency against the U.S. dollar

Quating a currency rate as the U.S. dollar against another country's currency (e.g. U.S. dollars/yen)

Exchange rate quatations that do not include the U.S. dollar as one of the two currencies quoted

The exchange of one currency for a second currency, the second for a third, and the third for the first in order to amke a profit

the standard for international currencies in which currency values were stated in terms of gold

An agreement reached in 1944 amoung finance ministers of 45 western nations to establish a system of fixed exchange rates

The process governments used in the 1970's if they wished to alter the current value of their currency. It was done by simply buying or selling their own currency in the market using their reserves of other major currencies

A currency-value management method whereby the central banks of the major nations simultaneously intervene in the currency markets, hoping to change a currency value.

The bank deposit in a currency other than the currency of the country where the bank is located not cinfined to banks in Europe

U.S. dollars deposited in banks outside the united states; not cinfined to banks in Europe

the interest rate charged by banks to banks in the major international financial centers

Money and capital markets in which transactions are denominated in a currency other than that of the place of transaction; not confined to Europe

A Market transaction in which the seller promises to sell currency at a certain future date at a pre-specified price

The use of banks or banks branches located in low tax countries, often caribbean islands, to raise and hold capital for multinational operations

Banks located in differnt countires and unrealted by ownership that have a reciporcal agreement to provide services to the other's customers.

An office of an international bank established in a foreign country to serve the bank's customers in the area in an advisorycapacity; it does not take deposits or make loans

the bond issued in domestic capital markets by foreign borrowers (foreign bonds) or issued in the eurocurrency markets in the currency different from that of the borrower (Eurobankds)

Bonds issued by a foreign corporation or government for sale in a country different from its home country, and denominated in the currency of the country in which it is issued

A bond that is denominated in a currency other than the currencyof the country in which the bond is sold

A bond owned offcially by whoever is holding it

Receipts to bank account that holds shares of a foreign firm's stock in that firm's country