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CONTENTS
Chapter 1. Introduction 7
1.1. Foreign Exchange as a Financial Market
7
1.2. Foreign Exchange in a Historical Perspective
8
1.3. Main Stages of Recent Foreign Exchange Development
9
The International Monetary Fund
9
Free-Floating of Currencies
10
The European onetary nion
11
The European Monetary Cooperation Fund
12
The Euro
12
1.4. Factors Caused Foreign Exchange Volume Growth
13
Business Internationalization
13
Increasing of Corporate Interest
13
Increasing of Traders Sophistication
13
Developments in Telecommunications
14
Computer and Programming Development
14
FOREX. On-line Manual For Successful Trading
ii
The Bretton oods Accord
9
Interest Rate Volatility
13
 

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