Buch, Englisch, 370 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 1250 g
Buch, Englisch, 370 Seiten, Paperback, Format (B × H): 155 mm x 235 mm, Gewicht: 1250 g
ISBN: 978-0-7923-8088-7
Verlag: Springer Netherlands
Zielgruppe
Research
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationaler Handel
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Internationale Finanzmärkte
- Wirtschaftswissenschaften Betriebswirtschaft Unternehmensfinanzen Finanzierung, Investition, Leasing
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Unternehmensfinanzierung
- Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines
- Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
- Wirtschaftswissenschaften Betriebswirtschaft Betriebswirtschaft: Theorie & Allgemeines
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Internationale Finanzmärkte
Weitere Infos & Material
1 Determination of Spot Exchange Rates.- I. Some First Principles.- II. Floating Exchange Rates.- III. Stabilized Exchange Rates.- IV. Controlled Exchange Rates.- Summary and Conclusions.- Annotated Bibliography.- Problems.- Case Study 1.1: Hippocrates Inc.- 2 Determination of Forward Exchange Rates.- I. Forward Exchange Contracts.- II. Interest Rate Parity Theorem.- III. Modern Theory.- Summary and Conclusions.- Selected Bibliography.- Problems.- Case Study 2.1: Bookwell’s Financing Choices.- 3 Currency Futures, Options, Derivatives, and Swaps.- I. Currency Futures.- II. Currency Options.- III. Derivatives and Zero-Premia Options.- IV. Currency Swaps.- Summary and Conclusions.- Selected Bibliography.- Problems.- Case Study 3.1: Daewoo’s Unorthodox Funding Strategy.- Case Study 3.2: Intercomex: Exchange Risk in Coffee Trading.- 4 Forecasting Floating Exchange Rates.- I. Market-Based Forecasts.- II. Model-Based Forecasts: Technical vs. Econometric Modeling Approaches.- Summary and Conclusions.- Selected Bibliography.- Problems.- 5 Forecasting Pegged Yet Adjustable Exchange Rates.- I. Step 1: Assessing the Balance of Payments Outlook.- II. Step 2: Measuring the Magnitude of Required Adjustment.- III. Step 3: Timing Adjustment Policies.- IV. Step 4: Anticipating the Nature of Adjustment Policies.- Summary and Conclusions.- Appendix 5.A: The Purchasing Power Parity Hypothesis.- Selected Bibliography.- Problems.- Case Study 5.1: Morris De Minas.- 6 Accounting Exposure to Foreign Exchange Risk.- I. Transaction Exposure.- II. Translation Exposure.- Summary and Conclusions.- Selected Bibliography.- Problems.- 7 Economic Exposure to Foreign Exchange Risk.- I. A Taxonomy of Economic Exposures.- II. Inflation and Profitability.- III. Devaluation and Profitability.- IV.Towards an Operational Measure of Economic Exposure.- Summary and Conclusions.- Annotated Bibliography.- Problems.- Case Study 7.1: Euclides Engineering, Ltd.- Case Study 7.2: British Materials Corporation.- 8 Exchange Risks in International Trade.- I. The Mechanics of Hedging Transaction Exposures.- II. Eliminating Foreign Exchange Risk in Long-term Contracts.- III. Exchange Risk in International Bidding.- IV. The Optimal Hedging Decision.- Summary and Conclusions.- Appendix 8. A: An Introduction to the Theory of Expected Utility for Foreign Exchange Risk Management.- Selected Bibliography.- Problems.- Case Study 8.1: Whirlpool Appliances, Inc.- 9 Optimal Currency Denomination in Long-Term Debt Financing.- I. Expected Cost of Foreign Currency Financing.- II. Risk-adjusted Cost of Foreign Debt Financing.- Summary and Conclusions.- Selected Bibliography.- Problems.- Case Study 9.1: BC Hydro.- 10 Hedging Translation Exposure.- I. The Mechanics of Contractual Hedging.- II. The Mechanics of Financial Hedging.- III. Hedging in a Multicurrency World: A Risk-Preference Framework.- Summary and Conclusions.- Selected Bibliography.- Problems.- Case Study 10.1: Gillette International Finance.- 11 Exchange Rates and the International Control Conundrum.- I. The International Control Conundrum.- II. Mapping the Currency Space.- III. Value-Based Contingent Budgeting with Imperfect Currency Pass Through.- IV. Estimating Exchange Rate Pass Through.- Summary and Conclusions.- Selected Bibliography.- Case Study 11.1: Multiquimica Do Brasil.- Index of Authors.- Index of Subjects.- Solutions to Selected Problems.- About the Author.