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The guide for reading long-term trends in the foreign currency market To thrive in the marketplace traders must anticipate, enter, and stay with trends in the foreign exchange market. In this much-needed guide top forex, expert Greg Michalowski clearly explains the attributes of successful traders, and shows how traders can set themselves up for success by drafting an explicit mission statement and game plan. The book also contains the tools and techniques traders need to read the markets and identify when a market is in a trend. Michalowski shows traders how to enter an emerging

Foreign exchange market --- Investments --- Foreign exchange

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We examine the impact of renminbi revaluation on firm valuations, considering two surprise announcements of changes in China's exchange rate policy in 2005 and 2010 and data on 6,050 firms in 44 countries. Renminbi appreciation has a positive effect on firms exporting to China but little positive or even a negative impact on those providing inputs for China's processing exports. Stock prices rise for firms competing with China in their home market while falling for firms importing Chinese products with large imported-input content. Renminbi appreciation also reduces the valuation of financially-constrained firms, particularly in more financially integrated countries.

Foreign exchange rates. --- Business enterprises --- Foreign exchange administration. --- Valuation.

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"As the world is becoming a smaller place and more and more companies take part in global transactions, the reporting of foreign currency has become an issue. Companies must report their foreign currency transactions on their financial statements. This book will provide a primer on how to report foreign currency transactions as well as guidance on building a computer program for such reporting. Written in a user-friendly style, this book will focus on the fundamental concepts of foreign currency transactions. The foundation provided in this book will allow corporations to accurately and consistently report past transactions and also allow them to look into the future to forecast and foresee the impacts that changing exchange rates could have on their businesses"--

Financial statements --- Foreign exchange --- Accounting

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"As the world is becoming a smaller place and more and more companies take part in global transactions, the reporting of foreign currency has become an issue. Companies must report their foreign currency transactions on their financial statements. This book will provide a primer on how to report foreign currency transactions as well as guidance on building a computer program for such reporting. Written in a user-friendly style, this book will focus on the fundamental concepts of foreign currency transactions. The foundation provided in this book will allow corporations to accurately and consistently report past transactions and also allow them to look into the future to forecast and foresee the impacts that changing exchange rates could have on their businesses"--

Foreign exchange --- Financial statements. --- Accounting.

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The prospects of expansionary monetary policies in the advanced countries for the foreseeable future have renewed the debate over policy options to cope with large capital inflows that are, at least partly, driven by low interest rates in the financial centers. Historically, capital flow bonanzas have often fueled sharp credit expansions in advanced and emerging market economies alike. Focusing primarily on emerging markets, we analyze the impact of exchange rate flexibility on credit markets during periods of large capital inflows. We show that credit grows more rapidly and its composition tilts to foreign currency in economies with less flexible exchange rate regimes, and that these results are not explained entirely by the fact that the latter attract more capital inflows than economies with more flexible regimes. Our findings thus suggest countries with less flexible exchange rate regimes may stand to benefit the most from regulatory policies that reduce banks' incentives to tap external markets and to lend/borrow in foreign currency; these policies include marginal reserve requirements on foreign lending, currency-dependent liquidity requirements, and higher capital requirement and/or dynamic provisioning on foreign exchange loans.

Capital movements --- Foreign exchange rates --- Monetary policy