There was a story about the quantum theorist Werner Heisenberg on this deathbed, declaring that he will have two question for God: why relativity, and why turbulence. Heisenberg says, "I think He may have an answer to the first question." James Gleick, Chaos
Executive Summary
At the heart of the international financial markets is a global network of commercial banks and other financial institutions that conduct markets in foreign exchang and Eurocurrency deposits and loans. Theforeign exchange (or currency) market allows currencies to be exchanged at a point in time-either now or at some future date. The Eurocurrency market in bank deposits and loans that allow funds to be borrowed or in vested over time within a single time.In combination, these markets allow capital to be moved across currencies and over time.An understanding of these markets-is essential for understanding the opportunities, costs, and risks of international business.