TY - BOOK AU - Jacque, Laurent L. TI - Management and control of foreign exchange risk SN - 9780792396826 U1 - 332.45 PY - 1996/// CY - Boston, PB - Kluwer Academic Publishers, KW - Foreign exchange KW - Foreign exchange futures N1 - 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 N2 - 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 ER -