Management and Control of Foreign Exchange Risk

Management and Control of Foreign Exchange Risk
Author :
Publisher : Springer Science & Business Media
Total Pages : 392
Release :
ISBN-10 : 9789400918061
ISBN-13 : 9400918062
Rating : 4/5 (61 Downloads)

Book Synopsis Management and Control of Foreign Exchange Risk by : Laurent L. Jacque

Download or read book Management and Control of Foreign Exchange Risk written by Laurent L. Jacque and published by Springer Science & Business Media. This book was released on 2013-12-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since I first published Management of Foreign Exchange Risk (Lexington Books, 1978), financial innovation-spurred, in part, by exploding volatility in currency prices-has revolutionized the theory and praxis of foreign exchange risk management. Old-fashioned forward contracts have surrendered market share to currency swaps and options as well as to their perpetually multiplying derivatives. Interestingly, forex derivatives now provide a low cost and highly efficient method of transferring risk from the firms that are exposed to risk but which would rather not be (i. e. , risk-hedgers) to those which are not exposed but which-in exchange for a fee-would assume some exposure to risk (i. e. , risk bearers). Perhaps more importantly, foreign exchange risk management, which was once a fairly mechanical task confmed to the international treasury function, is now permeating global strategic management. Indeed, since the demise of the Bretton Woods system of pegged exchange rates, the cost of forex hedging instruments has fallen so dramatically that firms can readily avail themselves of hedging products which can reduce unwanted risk, thereby potentially gaining a competitive advantage over rivals that do not. Management and Control of Foreign Exchange Risk has grown out of a fundamental revision of my earlier work published almost 20 years ago. In the process, my thinking about risk and its mathematics has greatly benefitted from my association with John Cozzolino and Charles Tapiero.


Management and Control of Foreign Exchange Risk Related Books

Management and Control of Foreign Exchange Risk
Language: en
Pages: 392
Authors: Laurent L. Jacque
Categories: Business & Economics
Type: BOOK - Published: 2013-12-01 - Publisher: Springer Science & Business Media

DOWNLOAD EBOOK

Since I first published Management of Foreign Exchange Risk (Lexington Books, 1978), financial innovation-spurred, in part, by exploding volatility in currency
Progress in Reducing Foreign Exchange Settlement Risk
Language: en
Pages: 96
Authors:
Categories: Banks and banking, Central
Type: BOOK - Published: 2008 - Publisher:

DOWNLOAD EBOOK

Managing Currency Risk
Language: en
Pages: 218
Authors: John J. Stephens
Categories: Business & Economics
Type: BOOK - Published: 2003-07-07 - Publisher: John Wiley & Sons

DOWNLOAD EBOOK

Control the number one cause of financial loss currency fluctuation With cross-border commerce now the global norm, companies must now face the greatest threat
Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework
Language: en
Pages: 33
Authors: Romain Lafarguette
Categories: Business & Economics
Type: BOOK - Published: 2021-02-12 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI ru
Guidelines for Foreign Exchange Reserve Management
Language: en
Pages: 34
Authors: International Monetary Fund
Categories: Business & Economics
Type: BOOK - Published: 2004-08-16 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

These guidelines are intended to assist countries in strengthening their policy frameworks for reserve management so that they can become more resilient to shoc