The forex toolbox

Foreign Exchange Risk Models, Instruments and Strategies by Jürgen Hakala and Uwe Wystup Risk Books 300 pages, £145/$228 ISBN 1-899-332-37-5


This book is an excellent manual on tools related to four broad areas. The first are the basic tools, broadly applicable in all financial markets, that form a gateway to more advanced topics. The second category is the tools associated in pricing, hedging and risk managing exotic options. Here there are two subcomponents, namely earlier exotics, such as various barriers, and their more recent relatives. The third class is the set of techniques associated with complex volatility

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