Cover -- Title Page -- Copyright -- Contents -- Acknowledgements -- About the Authors -- Preface -- Key Terms and Abbreviations -- Introduction -- Two Stylized Facts About Exchange Rates -- A Definition of FXRM -- Quoting Exchange Rates -- Outline of the Book -- Further Reading -- Chapter 1 Why...

"Corporate Foreign Exchange Risk Management offers a highly accessible yet thorough guide to FX exposure management that will appeal to anyone with who is responsible for managing a profit & loss or balance sheet affected by FX fluctuations or who wants to understand how FX fluctuations affect...

In this paper we consider a multinational firm under exchange rate risk in a multiperiod model. We analyze the impact of exchange rate uncertainty and the use of currency futures on the risk-averse firm's decisions about home and foreign production. Without any markets for hedging an increase in...

An asset and liability management framework for managing risks arising from sovereign foreign exchange obligations requires a joint analysis of (i) the external financial liabilities resulting from a country's sovereign debt and (ii) the foreign exchange assets of its central bank. Governments...