Plump, grumpy, slumped on the couch, and going nowhere fast at age 16, Phil Gaimon began riding a bicycle with the grand ambition of shedding a few pounds before going off to college. He soon fell into racing and discovered he was a natural, riding his way into a pro contract after just one season despite utter ignorance of a century of cycling etiquette. Now, in his book Pro Cycling on $10 a Day, Phil brings the full powers of his wit to tell his story.
Presented here as a guide—and a warning—to aspiring racers who dream of joining the professional racing circus, Phil’s adventures in road rash serve as a hilarious and cautionary tale of frustrating team directors and broken promises. Phil’s education in the ways of the peloton, his discouraging negotiations for a better contract, his endless miles crisscrossing America in pursuit of race wins, and his conviction that somewhere just around the corner lies the ticket to the big time fuel this tale of hope and ambition from one of cycling’s best story-tellers.
Pro Cycling on $10 a Day chronicles the racer’s daily lot of blood-soaked bandages, sleazy motels, cheap food, and overflowing toilets. But it also celebrates the true beauty of the sport and the worth of the journey, proving in the end that even among the narrow ranks of world-class professional cycling, there will always be room for a hard-working outsider.
How should we evaluate the forecasting power of models? What are appropriate loss functions for major market participants? Is the exchange rate the only means of adjustment? Handbook of Exchange Rates answers these questions and many more, equipping readers with the relevant concepts and policies for working in today’s international economic climate.
Featuring contributions written by leading specialists from the global financial arena, this handbook provides a collection of original ideas on foreign exchange (FX) rates in four succinct sections:
• Overview introduces the history of the FX market and exchange rate regimes, discussing key instruments in the trading environment as well as macro and micro approaches to FX determination.
• Exchange Rate Models and Methods focuses on forecasting exchange rates, featuring methodological contributions on the statistical methods for evaluating forecast performance, parity relationships, fair value models, and flow–based models.
• FX Markets and Products outlines active currency management, currency hedging, hedge accounting; high frequency and algorithmic trading in FX; and FX strategy-based products.
• FX Markets and Policy explores the current policies in place in global markets and presents a framework for analyzing financial crises.
Throughout the book, topics are explored in-depth alongside their founding principles. Each chapter uses real-world examples from the financial industry and concludes with a summary that outlines key points and concepts.
Handbook of Exchange Rates is an essential reference for fund managers and investors as well as practitioners and researchers working in finance, banking, business, and econometrics. The book also serves as a valuable supplement for courses on economics, business, and international finance at the upper-undergraduate and graduate levels.
The IF-VC helps World Travelers look their best while using their Corded Electric Shavers internationally. The patented IF-VC automatically converts International Wall Outlet Power Frequencies & Voltages (typically 50Hz, 220V) into the correct 60Hz, 120V power specifications of Corded Electric Shavers designed for use in the United States, Canada, and Mexico.
The IF-VC converts all international wall outlet power sources into the correct frequency and voltage required to give you a seamless shave with your favorite shavers that you know and trust, without the use of make-shift blade vibration dampeners and cheap travel voltage converters that simply do not work!
The IF-VC also works well with electric analog clocks, turntables, record players, etc. — that are designed for use in the United States.