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Managing Foreign Exchange Risk : Essays Commissioned in Honor of the Centenary of the Wharton School, University of Pennsylvania - Richard J. Herring

Managing Foreign Exchange Risk

Essays Commissioned in Honor of the Centenary of the Wharton School, University of Pennsylvania

By: Richard J. Herring (Editor)

Paperback Published: 11th August 1986
ISBN: 9780521311205
Number Of Pages: 252

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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.

List of contributors
Introduction and overview
Macroeconomic determinants of real exchange risk
Perspective: on exchange rate analysis and foreign exchange risk
Modeling exchange rate fluctuations and international disturbances
Perspective: problems in modeling international risks
International portfolio diversification
perspective: international portfolio diversification: a practitioner's point of view
The evaluation and use of foreign exchange rate forecasting services
Foreign currency accounting and its transition
Perspective: some informal remarks on debt management and liquidity
Perspective: managing foreign exchange exposure
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521311205
ISBN-10: 0521311209
Audience: Professional
Format: Paperback
Language: English
Number Of Pages: 252
Published: 11th August 1986
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 1.5
Weight (kg): 0.38

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