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Management and control of foreign exchange risk / Laurent L. Jacque

By: Jacque, Laurent LMaterial type: Text

TextLanguage: English Publisher: Boston, Kluwer Academic Publishers, ©1996Description: xxix, 368 pages : illustrations ; 24 cmISBN: 9780792396826Subject(s): Foreign exchange | Foreign exchange futuresDDC classification: 332.45

Contents:

Determination of Spot Exchange Rates Laurent L. Jacque Determination of Forward Exchange Rates Laurent L. Jacque Currency Futures, Options, Derivatives, and Swaps Laurent L. Jacque Forecasting Floating Exchange Rates Laurent L. Jacque Forecasting Pegged Yet Adjustable Exchange Rates Laurent L. Jacque Accounting Exposure to Foreign Exchange Risk Laurent L. Jacque Economic Exposure to Foreign Exchange Risk Laurent L. Jacque Exchange Risks in International Trade Laurent L. Jacque Optimal Currency Denomination in Long-Term Debt Financing Laurent L. Jacque Hedging Translation Exposure Laurent L. Jacque Exchange Rates and the International Control Conundrum Laurent L. Jacque

Summary: 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 over rivals that do not. Management and Control of Foreign Exchange Risk has grown out of a fundamental revision of my earlier work published almost 20 years ago. In the process, my thinking about risk and its mathematics has greatly benefitted from my association with John Cozzolino and Charles Tapiero.

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Item type	Current location	Call number	Status	Date due	Barcode
Books	Institute of Public Enterprise, Library S Campus	332.45 LAU (Browse shelf)	Available (Restricted Access)		48402

Determination of Spot Exchange Rates
Laurent L. Jacque

Determination of Forward Exchange Rates
Laurent L. Jacque

Currency Futures, Options, Derivatives, and Swaps
Laurent L. Jacque

Forecasting Floating Exchange Rates
Laurent L. Jacque

Forecasting Pegged Yet Adjustable Exchange Rates
Laurent L. Jacque

Accounting Exposure to Foreign Exchange Risk
Laurent L. Jacque

Economic Exposure to Foreign Exchange Risk
Laurent L. Jacque

Exchange Risks in International Trade
Laurent L. Jacque

Optimal Currency Denomination in Long-Term Debt Financing
Laurent L. Jacque

Hedging Translation Exposure
Laurent L. Jacque

Exchange Rates and the International Control Conundrum
Laurent L. Jacque

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 over rivals that do not. Management and Control of Foreign Exchange Risk has grown out of a fundamental revision of my earlier work published almost 20 years ago. In the process, my thinking about risk and its mathematics has greatly benefitted from my association with John Cozzolino and Charles Tapiero.

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