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Prof. Richard Levich on forex trading in Asia

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Excerpt from Risk.net -- "'Herstatt risk is greater for Asian currencies trading against the euro or US dollar because the time difference between the two legs of the trade is greater, so it's actually more important for Asian currencies to have some sort of risk mitigation in place than for European currencies,' says Richard Levich, professor of finance and international business at New York University's Stern School of Business, and author of a forthcoming paper for the Bank for International Settlements (BIS) on forex market developments in Asia."

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