Since the early 1970s exchange volatility has increased markedly. This increased volatility is a major concern not only for government policy makers but also corporations engaged in international activities, because their profitability may be sharply altered by unanticipated exchange rate movements. This situation has posed a challenge to academic researchers, but over the past decade considerable progress has been made in our ability to understand the causes of exchange rate fluctuations and their impact on economic foreign exchange risk and to assess investment opportunities generated by exchange rate fluctuations. This book is a collection of essays by academic experts from the fields of economics, finance, and accounting, and by several distinguished practitioners from international corporations and financial institutions. Together the essays present a broad, up-to-date survey of what we know about foreign exchange risk and how to cope with it.
Table of contents:
List of contributors; Acknowledgments; Introduction and overview Richard J. Herring; 1. Macroeconomic determinants of real exchange risk William H. Branson; Perspective: on exchange rate analysis and foreign exchange risk Marina v. N. Klein; 2. Modeling exchange rate fluctuations and international disturbances Lawrence R. Klein; Perspective: problems in modeling international risks Peter B. Kenen; 3. International portfolio diversification Haim Levy and Marshall Sarnat; perspective: international portfolio diversification: a practitioner's point of view Henk A. Klein Haneveld; 4. The evaluation and use of foreign exchange rate forecasting services John F. O. Bilson; 5. Foreign currency accounting and its transition Yuji Ijiri; Perspective: some informal remarks on debt management and liquidity Eugene H. Rotberg; Perspective: managing foreign exchange exposure Harry Taylor; Index.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
Table of contents:
List of contributors; Acknowledgments; Introduction and overview Richard J. Herring; 1. Macroeconomic determinants of real exchange risk William H. Branson; Perspective: on exchange rate analysis and foreign exchange risk Marina v. N. Klein; 2. Modeling exchange rate fluctuations and international disturbances Lawrence R. Klein; Perspective: problems in modeling international risks Peter B. Kenen; 3. International portfolio diversification Haim Levy and Marshall Sarnat; perspective: international portfolio diversification: a practitioner's point of view Henk A. Klein Haneveld; 4. The evaluation and use of foreign exchange rate forecasting services John F. O. Bilson; 5. Foreign currency accounting and its transition Yuji Ijiri; Perspective: some informal remarks on debt management and liquidity Eugene H. Rotberg; Perspective: managing foreign exchange exposure Harry Taylor; Index.
Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.