| 書目名稱 | Management and Control of Foreign Exchange Risk | | 編輯 | Laurent L. Jacque | | 視頻video | http://file.papertrans.cn/623/622234/622234.mp4 | | 圖書封面 |  | | 描述 | 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 ov | | 出版日期 | Book 1996 | | 關鍵詞 | accounting; Bretton Woods; derivatives; exchange rates; Forex; Futures; innovation; international trade; man | | 版次 | 1 | | doi | https://doi.org/10.1007/978-94-009-1806-1 | | isbn_softcover | 978-0-7923-8088-7 | | isbn_ebook | 978-94-009-1806-1 | | copyright | Kluwer Academic Publishers 1996 |
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