Durčáková, Jaroslava - In: Český finanční a účetní časopis 2008 (2008) 1, pp. 40-55
This article deals with theoretical aspects of translation exposure in connection with inflation and foreign exchange … case when all compared items are revalued before translation by closing rate. The parent firm can reduce the translation … exposure risk by hedging. Since it can use the expected items of the future balance sheet, hedging might be a problem. …