Authors: Laurent L. Jacque
ISBN-13: 9780792396826, ISBN-10: 0792396820
Format: Hardcover
Publisher: Springer-Verlag New York, LLC
Date Published: December 2009
Edition: REV
Laurent L. Jacque is a Professor of International Finance and Banking and Director of the Program of International Business Relations at the Fletcher School (Tufts University). He is also Professor of Finance and International Business at the HEC School of Management (France).
The book examines the theory and practice of foreign exchange risk management. It offers a rigorous set of operational guidelines within which foreign exchange risk can be:
Examines the theory and practice of foreign exchange risk management, offering operational guidelines. Part I discusses the valuation of spot and forward foreign exchange rates, currency futures and options, and swaps and other foreign exchange rate forecasts. Part II provides a framework for generating foreign exchange rate forecasts, and Part III discusses assessment of a multinational corporation's exposure to foreign exchange risk. Part IV reviews how to mitigate cash flow losses resulting from exposure to foreign exchange risk. Includes chapter problems and cases. For graduate students in business. Annotation c. by Book News, Inc., Portland, Or.
List of Figures | ||
List of Tables | ||
List of Boxes | ||
Preface | ||
Acknowledgments | ||
Introduction | ||
Defining Foreign Exchange Risk Management and Its Objectives | ||
The Case for Foreign Exchange Risk Management | ||
Risk Management Model and Book Synopsis | ||
Appendix A: Foreign Exchange Risk Management: What Do Firms Do? | ||
Selected Bibliography | ||
Ch. 1 | Determination of Spot Exchange Rates | 1 |
Ch. 2 | Determination of Forward Exchange Rates | 41 |
Ch. 3 | Currency Futures, Options, Derivatives, and Swaps | 73 |
Ch. 4 | Forecasting Floating Exchange Rates | 107 |
Ch. 5 | Forecasting Pegged Yet Adjustable Exchange Rates | 129 |
Ch. 6 | Accounting Exposure to Foreign Exchange Risk | 169 |
Ch. 7 | Economic Exposure to Foreign Exchange Risk | 197 |
Ch. 8 | Exchange Risks in International Trade | 237 |
Ch. 9 | Optimal Currency Denomination in Long-Term Debt Financing | 273 |
Ch. 10 | Hedging Translation Exposure | 299 |
Ch. 11 | Exchange Rates and the International Control Conundrum | 333 |
Index of Authors | 361 | |
Index of Subjects | 363 | |
Solutions to Selected Problems | 367 | |
About the Author | 369 |