Exchange Risk (Classic Reprint): A Conceptual Framework and Measurement: A Conceptual Framework and Measurement (Classic Reprint) - Tapa blanda

Agmon, Tamir B.

 
9781333862855: Exchange Risk (Classic Reprint): A Conceptual Framework and Measurement: A Conceptual Framework and Measurement (Classic Reprint)

Sinopsis

Understand the drivers of exchange risk and how it shapes international finance. This book explains how exchange risk affects security pricing, capital flows, and the decisions of multinational firms in a world with multiple currencies.

In clear terms, it builds a framework to measure exchange risk and shows how investors and policymakers can think about risk in a connected global market. It integrates theory with practical ideas on using market instruments to manage risk and to explain observed financial outcomes.


  • How exchange risk changes the pricing of international securities and the value of multinational firms

  • Different views on market imperfections and how they create international risk factors

  • A model that separates general economic activity from country-specific risk in small economies

  • Methods to empirically measure exchange risk and relate it to market indices



Ideal for readers of international finance who want a structured, approachable view of how exchange risk works and how it can be measured in practice.

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Reseña del editor

Excerpt from Exchange Risk: A Conceptual Framework and Measurement

The relevancy of exchange risk with regard to different subjects in international finance is discussed in section 2. In section 3, the-different views of the structure of the international capital market, and thus on exchange risk are presented. Two possible sources for exchange risk, independent monetary policy and different rates of -diffusion of changes in relative prices, are discussed in section 4. A model for the measurement of exchange risk is presented in section 5. The Interest Rates Paritv Theorem is discussed in Section 6.

Section 7 concludes this paper by discussing some suggestions for further research.

About the Publisher

Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com

This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

Reseña del editor

Excerpt from Exchange Risk: A Conceptual Framework and Measurement
This paper is an attempt at a better understanding of the phenomenon of exchange risk. Many writers in finance and economics have treated exchange risk in different contexts and from different points of view.1 This paper centers around exchange risk providing both conceptual analysis and a model for empirical measurement.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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