Management and Control of Foreign Exchange Risk

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 9400918062
Total Pages : 392 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Management and Control of Foreign Exchange Risk by : Laurent L. Jacque

Download or read book Management and Control of Foreign Exchange Risk written by Laurent L. Jacque and published by Springer Science & Business Media. This book was released on 2013-12-01 with total page 392 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Management Control Systems and Tools for Internationalization Success

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Publisher : IGI Global
ISBN 13 : 1799820092
Total Pages : 270 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Management Control Systems and Tools for Internationalization Success by : Teixeira, Nuno Miguel

Download or read book Management Control Systems and Tools for Internationalization Success written by Teixeira, Nuno Miguel and published by IGI Global. This book was released on 2019-11-22 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the competitive environment of corporate business, companies are constantly looking for a competitive edge. With the development of information and communication technologies, professionals are altering their process of conducting business. A vital tool that is contributing to this competitive shift is the management control system, which provides updated information on markets, contributing to smarter decisions. Management Control Systems and Tools for Internationalization Success is an essential reference source that discusses the fundamentals, benefits, and risks of implementing internationalization strategies within a business, along with other organizational performance instruments. Featuring research on topics such as financial performance, international markets, and evaluation systems, this book is ideally designed for entrepreneurs, managers, executives, IT consultants, business professionals, marketers, researchers, students, and academicians seeking coverage on internationalization strategies within management control systems.

Management Control Systems A Managerial Emphasis

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Author :
Publisher : Excel Books India
ISBN 13 : 9788174466808
Total Pages : 528 pages
Book Rating : 4.4/5 (668 download)

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Book Synopsis Management Control Systems A Managerial Emphasis by : Sinha

Download or read book Management Control Systems A Managerial Emphasis written by Sinha and published by Excel Books India. This book was released on 2009 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Guidelines for Foreign Exchange Reserve Management

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781589062603
Total Pages : 34 pages
Book Rating : 4.0/5 (626 download)

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Book Synopsis Guidelines for Foreign Exchange Reserve Management by : International Monetary Fund

Download or read book Guidelines for Foreign Exchange Reserve Management written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-08-16 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: These guidelines are intended to assist countries in strengthening their policy frameworks for reserve management so that they can become more resilient to shocks that may originate from global financial markets or within the domestic financial system. The guidelines have been developed as part of a broader IMF work program to help strengthen international financial architecture, to promote policies and practices that contribute to stability and transparency in the financial sector, and to reduce external vulnerabilities of member countries.

Management Control Systems

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Publisher : Pearson Education
ISBN 13 : 9780273708018
Total Pages : 876 pages
Book Rating : 4.7/5 (8 download)

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Book Synopsis Management Control Systems by : Kenneth A. Merchant

Download or read book Management Control Systems written by Kenneth A. Merchant and published by Pearson Education. This book was released on 2007 with total page 876 pages. Available in PDF, EPUB and Kindle. Book excerpt: With its unique range of case studies, real life examples and comprehensive coverage of the latest management control-related tools and techniques, Management Control Systems is the ideal guide to this complex and multidimensional subject for upper level undergraduates, postgraduates and practising professionals.

Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework

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Publisher : International Monetary Fund
ISBN 13 : 1513569406
Total Pages : 33 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework by : Romain Lafarguette

Download or read book Foreign Exchange Intervention Rules for Central Banks: A Risk-based Framework written by Romain Lafarguette and published by International Monetary Fund. This book was released on 2021-02-12 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a rule for foreign exchange interventions (FXI), designed to preserve financial stability in floating exchange rate arrangements. The FXI rule addresses a market failure: the absence of hedging solution for tail exchange rate risk in the market (i.e. high volatility). Market impairment or overshoot of exchange rate between two equilibria could generate high volatility and threaten financial stability due to unhedged exposure to exchange rate risk in the economy. The rule uses the concept of Value at Risk (VaR) to define FXI triggers. While it provides to the market a hedge against tail risk, the rule allows the exchange rate to smoothly adjust to new equilibria. In addition, the rule is budget neutral over the medium term, encourages a prudent risk management in the market, and is more resilient to speculative attacks than other rules, such as fixed-volatility rules. The empirical methodology is backtested on Banco Mexico’s FXIs data between 2008 and 2016.

Risk Management for Central Bank Foreign Reserves

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Author :
Publisher :
ISBN 13 :
Total Pages : 376 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Risk Management for Central Bank Foreign Reserves by : European Central Bank

Download or read book Risk Management for Central Bank Foreign Reserves written by European Central Bank and published by . This book was released on 2004 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Accounting and Transnational Decisions

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Publisher : Butterworth-Heinemann
ISBN 13 : 1483135683
Total Pages : 513 pages
Book Rating : 4.4/5 (831 download)

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Book Synopsis International Accounting and Transnational Decisions by : S. J. Gray

Download or read book International Accounting and Transnational Decisions written by S. J. Gray and published by Butterworth-Heinemann. This book was released on 2014-05-20 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Accounting and Transnational Decisions explores a wide range of significant international accounting issues with special reference to the comparative development of national systems of accounting, international accounting standards, transnational financial reporting issues and financial planning and control in the multinational corporation. The book is organized into five parts. Part I discusses the international dimensions of accounting including both the financial reporting and managerial decision-making perspectives. The second part is concerned with the comparative international aspects of accounting. The Part III presents developments and questions relating to international accounting standards. The fourth part considers a number of selected transnational financial reporting issues of concern both to managers and financial statement users. The last part takes a managerial perspective in its coverage of important problems of transnational financial decision making and control. Accountants and students of accounting will find the book useful.

International Accounting

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Publisher : CCH
ISBN 13 : 9780808020585
Total Pages : 292 pages
Book Rating : 4.0/5 (25 download)

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Book Synopsis International Accounting by : Shahrokh M. Saudagaran

Download or read book International Accounting written by Shahrokh M. Saudagaran and published by CCH. This book was released on 2009 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Japanese Foreign Exchange Market

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Author :
Publisher : Routledge
ISBN 13 : 113476619X
Total Pages : 247 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis The Japanese Foreign Exchange Market by : Beate Reszat

Download or read book The Japanese Foreign Exchange Market written by Beate Reszat and published by Routledge. This book was released on 2002-04-12 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, Japan's financial market has seen dramatic changes, in particular the explosive growth of currency trading and the increasing international role of the yen. This book gives a comprehensive overview of this activity. This work is the first non-Japanese language title to examine the prolific rise of Japan's foreign currency exchange market, its idiosyncracies, and its future role in the global economy. It is vital reading for economists and students of Japan-related subjects.

SEC Docket

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Publisher :
ISBN 13 :
Total Pages : 1138 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis SEC Docket by : United States. Securities and Exchange Commission

Download or read book SEC Docket written by United States. Securities and Exchange Commission and published by . This book was released on 1998 with total page 1138 pages. Available in PDF, EPUB and Kindle. Book excerpt:

International Banking Crises

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Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313004390
Total Pages : 304 pages
Book Rating : 4.3/5 (13 download)

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Book Synopsis International Banking Crises by : Benton E. Gup

Download or read book International Banking Crises written by Benton E. Gup and published by Bloomsbury Publishing USA. This book was released on 1999-10-30 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial crises that began unexpectedly in Southeast Asia in 1997 spread rapidly around the globe, causing banks to fail, stock markets to plummet, and other newsmaking disruptions. Gup and his contributors examine these failures and crises in the main arenas where they occurred—Thailand, Indonesia, South Korea, Russia, Argentina—and provide some important answers to the critical questions these frightening events raised. The result is a readable, easily grasped study of issues relating to bank failure and the effectiveness of bank regulation, and important reading for academics and practitioners alike. In July 1997 Thailand devalued its currency. This one event sparked financial crises that spread with astonishing speed from Southeast Asia around the world to Russia. Even in the United States and South America the impact was felt. Southeast Asia had been considered a model—in fact a miracle—of economic growth. No one foresaw the crises that soon occurred there, and the severity and contagion of these crises raised questions globally: What happened? Why? And what can we do about it? Gup and his contributors offer some answers to these critical questions. Gup and his panel finally conclude that government actions were at the root of these crises. Banks were pawns in the hands of governments, and banks helped fuel the booms that ultimately burst, booms supported by investments from other countries around the world, not incidentally. Gup goes on to lay out other provocative questions, among them: How effective are bank regulations? And how do we resolve failed and insolvent banks? The result is an important contribution to the literature in banking, finance, investment, and the role government plays in these activities—a book not only for academics but for practitioners and informed laymen as well.

International Corporate Finance, + Website

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118781864
Total Pages : 885 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis International Corporate Finance, + Website by : Laurent L. Jacque

Download or read book International Corporate Finance, + Website written by Laurent L. Jacque and published by John Wiley & Sons. This book was released on 2014-03-24 with total page 885 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thorough introduction to corporate finance from a renowned professor of finance and banking As globalization redefines the field of corporate finance, international and domestic finance have become almost inseparably intertwined. It's increasingly difficult to understand what is happening in capital markets without a firm grasp of currency markets, the investment strategies of sovereign wealth funds, carry trade, and foreign exchange derivatives products. International Corporate Finance offers thorough coverage of the international monetary climate, including Islamic finance, Asian banking, and cross-border mergers and acquisitions. Additionally, the book offers keen insight on global capital markets, equity markets, and bond markets, as well as foreign exchange risk management and how to forecast exchange rates. Offers a comprehensive discussion of the current state of international corporate finance Provides simple rules and pragmatic answers to key managerial questions and issues Includes case studies and real-world decision-making situations For anyone who wants to understand how finance works in today's hyper-connected global economy, International Corporate Finance is an insightful, practical guide to this complex subject.

Revised Guidelines for Foreign Exchange Reserve Management

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Author :
Publisher : International Monetary Fund
ISBN 13 : 149834237X
Total Pages : 40 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Revised Guidelines for Foreign Exchange Reserve Management by : International Monetary Fund. Monetary and Capital Markets Department

Download or read book Revised Guidelines for Foreign Exchange Reserve Management written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2013-01-02 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2013 revision of the Guidelines was carried out by the IMF staff, supported by a small Working Group of central banks and monetary authorities from China, India, Israel, Italy, Mexico, Japan, Russia, Saudi Arabia, Switzerland, the European Central Bank, and the Bank for International Settlements, and The World Bank acting as reviewer in the process. Mr. Franco Passacantando, Managing Director at the Bank of Italy, chaired this Working Group. The revisions to the Guidelines mainly concentrate on: (i) reserve management objectives and strategy, including analyzing and managing risks in the context of reserve diversification; (ii) transparency and accountability, while avoiding reserve management decisions being dictated by the prevailing accounting framework; (iii) institutional and organizational framework issues, especially on avoiding possible inconsistencies between reserve management and other central bank operations; and (iv) the risk management framework, including taking into account ex-ante assessments of the impact of reserve investments on financial markets and building internal credit risk assessment systems to assess counterparty risks

IMF Financial Operations 2018

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Publisher : International Monetary Fund
ISBN 13 : 148434880X
Total Pages : 196 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF Financial Operations 2018 by : International Monetary Fund. Finance Dept.

Download or read book IMF Financial Operations 2018 written by International Monetary Fund. Finance Dept. and published by International Monetary Fund. This book was released on 2018-04-18 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: IMF Financial Operations 2018 provides a broad introduction to how the IMF fulfills its mission through its financial activities. It covers the financial structure and operations of the IMF and provides background detail on the financial statements. It reviews the IMF's three main activities: lending, surveillance, and technical assistance.

EBOOK: Management Control Systems, 2e

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Publisher : McGraw Hill
ISBN 13 : 1526848325
Total Pages : 532 pages
Book Rating : 4.5/5 (268 download)

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Book Synopsis EBOOK: Management Control Systems, 2e by : Frank Hartmann

Download or read book EBOOK: Management Control Systems, 2e written by Frank Hartmann and published by McGraw Hill. This book was released on 2020-11-05 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: EBOOK: Management Control Systems, 2e

Analyzing Banking Risk (Fourth Edition)

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Publisher : World Bank Publications
ISBN 13 : 1464815186
Total Pages : 418 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Analyzing Banking Risk (Fourth Edition) by : Hennie van Greuning

Download or read book Analyzing Banking Risk (Fourth Edition) written by Hennie van Greuning and published by World Bank Publications. This book was released on 2020-06-10 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzing Banking Risk: A Framework for Assessing Corporate Governance and Risk Management provides a comprehensive overview of topics focusing on assessment, analysis, and management of financial risks in banking. The publication emphasizes risk management principles and stresses that key players in the corporate governance process are accountable for managing the different dimensions of financial and other risks. This fourth edition remains faithful to the objectives of the original publication. It covers new business aspects affecting banking risks, such as mobile banking and regulatory changes over the past decade—specifically those related to Basel III capital adequacy concepts—as well as new operational risk management topics such as cybercrime, money laundering, and outsourcing. This publication will be of interest to a wide body of users of bank financial data. The target audience includes the persons responsible for the analysis of banks and for the senior management or organizations directing their efforts. Because the publication provides an overview of the spectrum of corporate governance and risk management, it is not aimed at technical specialists of any particular risk management area. *** Hennie van Greuning was formerly a Senior Adviser in the World Bank’s Treasury Unit and previously worked as a sector manager for financial sector operations in the World Bank. He has been a partner in a major international accounting firm and a controller and head of bank supervision in a central bank. Since retiring from the World Bank, he has chaired audit, ethics, and risk committees in various banks and has been a member of operational risk and asset-liability management committees. Sonja Brajovic Bratanovic was a Lead Financial Sector Specialist at the World Bank, after a career as a senior official in a central bank. With extensive experience in banking sector reforms and financial risk analysis, she led World Bank programs for financial sector reforms, as well as development projects. Since her retirement, she has continued as a senior consultant for World Bank development projects in the financial sector, as well as an advisor for other development institutions.