Currency Risk Management for Firms and Financial Institutions

Bremen, Michel Van

ISBN 10: 9036195195 / ISBN 13: 9789036195195

Published by Tilburg University Press, Tilburg, Netherlands, 1998

About this Item

Library stamps/marks/labels, otherwise light wear. Crisp trade paperback. ; English language, with Dutch summary. Four page Dutch language Stellingen laid in. "Financial risks can be managed by using the financial instruments available on the foreign exchange market. Primary reason to hedge financial risks is that by doing so firms can concentrate on seeking and managing exposure to those operating risks where they expect to have a competitive advantage. A model is presented to measure the market value impact of risk management decisions. To manage financial riks in practice a cash flow planning model is also derived." ; Ex-Library; 212 pages.

Seller Inventory # 8587

Bibliographic Details

• Title: Currency Risk Management for Firms and Financial Institutions
• Publisher: Tilburg University Press, Tilburg, Netherlands
• Publication Date: 1998
• Language: English
• ISBN 10: 9036195195
• ISBN 13: 9789036195195
• Binding: Paperback
• Condition: Very Good
• Dust Jacket Condition: No Dust Jacket

About this title

Synopsis

The measurement and management of currency risks for financial institutions and industrial corporations is the theme of this study. The measurement and management of these risks has become one of the main tasks of the financial managers for both types of firm. In general, firms face two types of risks: business or operating risks and financial risks. Operating risks arise as a consequence of the competitive business environment that influences the financial situation of a firm. Movements of exogenous financial variables that influence the financial situation of a firm are defined as financial risks. Currency risk is one example of a financial risk. In this study, it is shown that there are clear differences in the way industrial corporations (should) measure and manage currency risks versus financial institutions.

About the Author

Michel van Bremen is an Assistant Professor in the Department of Finance at Tilburg University. He is also a parttime senior consultant at CentER-Applied Research.