000			02734nam a22001817a 4500
020			_a9780792396826
041			_aENG
082			_a332.45 _bLAU
100			_aJacque, Laurent L.
245			_a Management and control of foreign exchange risk / _cLaurent L. Jacque
260			_aBoston, _bKluwer Academic Publishers, _c©1996
300			_axxix, 368 pages : _billustrations ; _c24 cm
505			_aDetermination 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
520			_aSince 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.
650			_aForeign exchange
650			_aForeign exchange futures
942			_2ddc _cBK
999			_c22914 _d22914