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Tag: Foreign Exchange

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Appa Said Knock You Out: Korean Judicial Invalidation of Knock-In, Knock-Out Currency Options

CC image courtesy of Martin Pueschel Appa Said Knock You Out: Korean Judicial Invalidation of Knock-In, Knock-Out Currency OptionsBy Geary Choe* I. Introduction Every Korean who has experienced the Asian Financial Crisis of 1997 remembers the sharp depreciation of the Korean won. In October 1997, just before the crisis, one U.S. dollar was trading at…

Mar 2014