Includes bibliographical references and index.

The evolution of the foreign exchange market: its role in the globalization of international finance -- The global exchange rate system: the principles, the existing system and the "Euroization of the currency markets -- Volatility in the foreign exch ange market -- The determination of exchange rates in the long and short runs: the fundamental approach and the asset market approach -- Exactly which economic news affects exchange rates? -- What makes a great currency: how does the euro compare with the dollar? -- Covered and uncovered interest arbitrage in the foreign exchange market: a puzzle in international finance -- The foreign exchange market: the view from inside the dealing room -- Currency board versus dollarization: radical solutions for radical problems? -- The introduction of the euro: what are the prospects for the greatest monetary experiment in history? / How does the introduction of the euro affect the quotation and interpretation of spot and forward exchange rates? -- What is the impact of the introduction of the euro on the money markets? From LIBOR to EURO-LIBOR, EURIBOR, EONIA and EURONIA -- Can currency collapses be predicted?