Exchange Rate Risk Measurement And Management

Author : Mr.Michael G. Papaioannou
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451865158
Total Pages : 0 pages
Book Rating : 4.55/5 ( download)

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Download or read book Exchange Rate Risk Measurement and Management written by Mr.Michael G. Papaioannou and published by INTERNATIONAL MONETARY FUND. This book was released on 2006-11-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Y. C. Lum
Publisher : Routledge
ISBN 13 : 1000172589
Total Pages : 1149 pages
Book Rating : 4.84/5 ( download)

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Download or read book Management of Foreign Exchange Risk written by Y. C. Lum and published by Routledge. This book was released on 2020-09-02 with total page 1149 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a technical and specialised discussion of contemporary and emerging issues in foreign exchange and financial markets by addressing the issues of risk management and theory and hypothesis development, which have general implications for finance theory and foreign exchange market management. It offers an in-depth, comprehensive analysis of the issues concerning the volatility of exchange rates. The book has three main objectives. First, it applies the integrated study of exchange rate volatility in terms of depth and breadth. Second, it applies the integrated study of exchange rate volatility in Malaysia, as a case study of a developing country. Malaysia had imposed capital control measures in the past and has now liberalised its exchange rate market and will continue to liberalise it further in the long run. Hence, the need to understand exchange rate volatility measurement and management will be even more important in the future. Third, the book highlights new conditional volatility models for a developing country, such as Malaysia, and develops advanced econometric models which have produced results for sound risk management strategies and for achieving risk management in the financial market and the economy. Additionally, the authors recommend risk management themes which may be of relevance to other developing countries. This work can be used as a reference book by fund managers, financial market analysts, researchers, academics, practitioners, policy makers and postgraduate students in the areas of finance, accounting, business and financial economics. It can also be a supplementary text for Ph.D. and Masters’ students in these areas.

Author : Lars Oxelheim
Publisher : John Wiley & Sons
ISBN 13 : 1119598869
Total Pages : 232 pages
Book Rating : 4.62/5 ( download)

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Download or read book Corporate Foreign Exchange Risk Management written by Lars Oxelheim and published by John Wiley & Sons. This book was released on 2020-06-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: A practical and accessible guide that demystifies ForEx risk for managers in all areas of business Virtually any organisation active in the global economy is impacted by fluctuations in foreign exchange (FX or ForEx) markets. Managers need to understand this increasingly complex issue and measure their firm’s exposure to risk. Corporate Foreign Exchange Risk Management is an in-depth yet accessible guide on effective ForEx exposure management. Designed for professionals responsible for managing a profit & loss or balance sheet influenced by ForEx fluctuations, it enables risk managers to navigate the interconnected worlds of financial management and economics. This innovative guide integrates academic discussion of the economics of risk management decisions and pragmatic advice for various situations in which performance measures affected by accounting standards are paid considerable attention. Readers are provided with the tools and knowledge required to handle a broad range of issues related to ForEx risk management. Clear, non-technical chapters demystify concepts that often appear complicated and confusing to managers. Written by globally-recognised experts in corporate finance, risk management and international business, this book: Employs a reader-friendly narrative style to explain complex concepts Provides a clear, actionable risk management strategy which can be used in a variety of businesses Places all concepts in relatable, real-world contexts Explains important academic research to practitioners in plain English Includes effective pedagogical tools and explanations, straightforward examples and end-of-chapter summaries which highlight key points Corporate Foreign Exchange Risk Management is a must-read for any manager who deals with corporate exposure to ForEx risk, as well as analysts wishing to better understand the relation between corporate performance and ForEx fluctuations and students of corporate risk management.

Author :
Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.94/5 ( download)

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Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Alastair Graham
Publisher : Routledge
ISBN 13 : 1135957258
Total Pages : 134 pages
Book Rating : 4.54/5 ( download)

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Download or read book Introduction to Currency Risk written by Alastair Graham and published by Routledge. This book was released on 2013-11-26 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Currency Risk Management series offers readers, researchers, and financial professional a time-tested training tool for understanding and working in the increasingly complex currency markets. This series breaks new ground in simplicity, clarity, and ease of application in risk management practice.

Author : Mr.Richard K. Abrams
Publisher : International Monetary Fund
ISBN 13 : 1451845545
Total Pages : 34 pages
Book Rating : 4.49/5 ( download)

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Download or read book The Prudential Regulation and Management of Foreign Exchange Risk written by Mr.Richard K. Abrams and published by International Monetary Fund. This book was released on 1998-03-01 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines issues in the prudential management and regulation of foreign exchange risk. It begins with measurement issues, notably converting foreign currency items into domestic currency terms, and calculating foreign exchange positions. The focus then shifts to managing foreign exchange risks. Although the key to effective management lies in the bank’s reporting and internal control systems, regulators frequently seek to limit such risks directly. This usually involves limiting the overall open position in terms of bank capital or requiring that capital be set aside against such risks.

Author : George Allayannis
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4./5 ( download)

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Download or read book Exchange Rate Risk Management written by George Allayannis and published by World Bank Publications. This book was released on 2001 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a large sample of East Asian nonfinancial corporations, firms using foreign currency derivatives had distinctive characteristics, such as larger size and foreign debt exposures. Unlike in studies of U.S. firms, there was only weak evidence that liquidity-constrained firms with greater growth opportunities hedged more. Firms appeared to use foreign earnings as a substitute for hedging with derivatives, and to engage in "selective" hedging. There was no evidence that East Asian firms eliminated their foreign exchange exposure by using derivatives. And firms using derivatives before the crisis performed just as poorly as nonhedgers during the crisis.

Author : Francisco Javier Población García
Publisher : Springer
ISBN 13 : 331941366X
Total Pages : 417 pages
Book Rating : 4.62/5 ( download)

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Download or read book Financial Risk Management written by Francisco Javier Población García and published by Springer. This book was released on 2017-02-16 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a quantitative overview of corporate risk management for both financial and non-financial organisations. It systematically explores a range of important risks, including interest rate risk, equity risk, commodity price risk, credit risk management, counterparty risk, operational risk, liquidity risk, market risk, derivative credit risk and country risk. Chapters also provide comprehensive and accessible analysis of risk-related phenomena and the corporate strategies employed to minimise the impacts of risk in each case. Chapters begin with an explanation of basic concepts and terminology, before going on to present quantitative examples and qualitative discussion sections. The author leverages his lifetime’s experience of working in risk management to offer this clear and empirical guide for scholars and practitioners researching financial stability.

Author : Gary Shoup
Publisher : Global Professional Publishi
ISBN 13 : 9781888998221
Total Pages : 270 pages
Book Rating : 4.29/5 ( download)

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Download or read book Currency Risk Management written by Gary Shoup and published by Global Professional Publishi. This book was released on 1998-10-28 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the advent of the World Trade Organization and NAFTA, foreign exchange now impacts the corporate world as never before. Hedging currency risk - usually through the interbank network - is now a routine treasury function. However, midsized companies (up to $100 million in annual sales) are often shut out of the interbank market because of cost and minimum size requirements. Currency Risk Management: A Handbook for Financial Managers, Brokers, and Their Consultants shows how to capture this business - from the basic concepts of foreign exchange to prospecting the corporate client. The author writes in an easy-to-read style and shows the finer points of foreign exchange and various exchange regimes recognized by the IMF. The reader will learn why exchange rates are a matter of government restrictions and controls as well as market price discovery.

Author : Oliviero Roggi
Publisher : World Scientific Publishing Company Incorporated
ISBN 13 : 9789814417495
Total Pages : 520 pages
Book Rating : 4.91/5 ( download)

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Download or read book Managing and Measuring Risk written by Oliviero Roggi and published by World Scientific Publishing Company Incorporated. This book was released on 2013 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ch. 1. An evolutionary perspective on the concept of risk, uncertainty and risk management / Oliviero Roggi and Omar Ottonelli -- ch. 2. Toward a bottom-up approach to assessing sovereign default risk: an update / Edward I. Altman and Herbert Rijken -- ch. 3. Measuring systemic risk / Viral V. Acharya ... [et al.] -- ch. 4. Taxing systemic risk / Viral V. Acharya ... [et al.] -- ch. 5. Liquidity and efficiency in three related foreign exchange options markets / Menachem Brenner and Ben Z. Schreiber -- ch. 6. Illiquidity or credit deterioration: a study of liquidity in the US corporate bond market during financial crises / Nils Friewald, Rainer Jankowitsch and Marti G. Subrahmanyam -- ch. 7. Integrated wealth and risk management: first principles / Zvi Bodie -- ch. 8. Analyzing the impact of effective risk management: innovation and capital structure effects / Torben Juul Andersen -- ch. 9. Modeling credit risk for SMEs: evidence from the US market / Edward I. Altman and Gabriele Sabato -- ch. 10. SME rating: risk globally, measure locally / Oliviero Roggi and Alessandro Giannozzi -- ch. 11. Credit loss and systematic LGD / Jon Frye and Michael Jacobs Jr. -- ch. 12. Equity risk premiums (ERP): determinants, estimation and implications - the 2012 edition / Aswath Damodaran -- ch. 13. Stock market crashes in 2007-2009: were we able to predict them? / Sébastien Lleo and William T. Ziemba