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Exchange rate risk measurement and management : issues and approaches for firms /

Measuring and managing exchange rate risk exposure is important for reducing a firm's vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely tr...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Papaioannou, Michael G. (Autor)
Otros Autores: Rochon, Céline, 1972-
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, ©2006.
Colección:IMF working paper ; WP/06/255.
Temas:
Acceso en línea:Texto completo

MARC

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100 1 |a Papaioannou, Michael G.,  |e author. 
245 1 0 |a Exchange rate risk measurement and management :  |b issues and approaches for firms /  |c prepared by Michael Papaioannou. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2006. 
300 |a 1 online resource (20 pages) 
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504 |a Includes bibliographical references. 
588 0 |a Print version record. 
520 |a Measuring and managing exchange rate risk exposure is important for reducing a firm's vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely transaction, translation and economic risks, presents the VaR approach as the currently predominant method of measuring a firm's exchange rate risk exposure, and examines the main advantages and disadvantages of various exchange rate risk management strategies, including tactical versus strategical and passive versus active hedging. In addition, it outlines a set of widely accepted best practices in managing currency risk and presents some of the main hedging instruments in the OTC and exchange-traded markets. The paper also provides some data on the use of financial derivatives instruments, and hedging practices by U.S. firms. 
506 |3 Use copy  |f Restrictions unspecified  |2 star  |5 MiAaHDL 
533 |a Electronic reproduction.  |b [Place of publication not identified] :  |c HathiTrust Digital Library,  |d 2010.  |5 MiAaHDL 
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583 1 |a digitized  |c 2010  |h HathiTrust Digital Library  |l committed to preserve  |2 pda  |5 MiAaHDL 
505 0 |a Contents -- I. INTRODUCTION -- II. DEFINITION AND TYPES OF EXCHANGE RATE RISK -- III. MEASUREMENT OF EXCHANGE RATE RISK -- IV. MANAGEMENT OF EXCHANGE RATE RISK -- V. HEDGING INSTRUMENTS FOR MANAGING EXCHANGE RATE RISK -- VI. HEDGING PRACTICES BY U.S. FIRMS -- VII. CONCLUDING REMARKS -- REFERENCES 
546 |a English. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Foreign exchange rates  |x Mathematical models. 
650 0 |a Risk management  |x Mathematical models. 
650 0 |a Foreign exchange administration. 
650 0 |a Hedging (Finance) 
650 6 |a Change  |x Administration. 
650 6 |a Couverture (Finances) 
650 6 |a Taux de change  |x Modèles mathématiques. 
650 6 |a Gestion du risque  |x Modèles mathématiques. 
650 7 |a Hedging (Finance)  |2 fast 
650 7 |a Foreign exchange administration  |2 fast 
650 7 |a Foreign exchange rates  |x Mathematical models  |2 fast 
650 7 |a Risk management  |x Mathematical models  |2 fast 
700 1 |a Rochon, Céline,  |d 1972-  |1 https://id.oclc.org/worldcat/entity/E39PCjDy7cdYFWdbTC4mCThBmq 
776 0 8 |i Print version:  |a Papaioannou, Michael G.  |t Exchange rate risk measurement and management.  |d Washington, D.C. : International Monetary Fund, Monetary and Capital Markets, ©2006  |w (OCoLC)124153137 
830 0 |a IMF working paper ;  |v WP/06/255. 
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