Foreign exchange risk is the chance of loss on a foreign currency exchange.
Book Details:
- Author: Ghassem A. Homaifar
- ISBN: 9780470308073
- Year Published: 2004
- Pages: 400
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
Foreign exchange risk is the chance of loss on a foreign currency exchange.
Managing Global Financial and Foreign Exchange Rate Risk offers a thorough treatment of price, foreign currency, and interest rate risk management practices of multinational corporations in a dynamic global economy. It lays out the pros and cons of various hedging instruments, as well as the economic cost benefit analysis of alternative hedging vehicles. Written in a detailed yet user-friendly manner, this resource provides treasurers and other financial mangers with the tools they need to manage their various exposures to credit, price, and foreign exchange risk.
* Provides treasurers and other financial managers with the tools that they need to manage their corporation’s foreign exchange risk. * Shows how financial derivatives can be used to manage foreign exchange risk. * Discusses current practices of multinational companies’ risk management strategy. * Shows the pros and cons of various hedging instruments and economic cost benefit analysis of alternative hedging vehicles.
About the Author
Homaifar (Murfreesboro, TN) is a finance professor at Middle Tennessee State University. His courses range from business finance to international financial management. In addition, he has been a consultant for numerous manufacturing companies and financial institutions in the areas of valuation, asset management, and asset allocation. His articles have appeared in such journals as: International Economics, The Journal of Real Estate Appraisal and Economics, Applied Economics, and the Journal of Economics and Finance. He speaks at conferences and seminars internationally.