LEADER 00932nam2-2200361---450- 001 990003096140203316 005 20080415143451.0 035 $a000309614 035 $aUSA01000309614 035 $a(ALEPH)000309614USA01 035 $a000309614 100 $a20080415d1970----km-y0itay50------ba 101 $aita 102 $aIT 105 $a||||||||001yy 200 1 $a<<12.>> : Oriente e Occidente$ftesti di Bussagl, Deneuve 210 $aFirenze$cSansoni$d1970 215 $a1 v.$cill.$d35 cm 410 0$12001 454 1$12001 461 1$1001000309606$12001 606 0 $aArte$xStoria 676 $a709.01 702 1$aBUSSAGLI,$bMario 702 1$aDENEUVE,$bGustave 801 0$aIT$bsalbc$gISBD 912 $a990003096140203316 951 $aV A 1 MF 12$b751 DBC$cV A 959 $aBK 969 $aDBC 979 $aDBC$b90$c20080415$lUSA01$h1434 996 $aOriente e occidente$9663747 997 $aUNISA LEADER 04811oam 22011414 450 001 9910788410603321 005 20230828232727.0 010 $a1-4623-1347-7 010 $a1-4527-8444-2 010 $a1-283-51344-7 010 $a9786613825896 010 $a1-4519-0968-3 035 $a(CKB)3360000000443581 035 $a(EBL)3014362 035 $a(SSID)ssj0000940773 035 $a(PQKBManifestationID)11494012 035 $a(PQKBTitleCode)TC0000940773 035 $a(PQKBWorkID)10955748 035 $a(PQKB)11769093 035 $a(OCoLC)698585583 035 $a(MiAaPQ)EBC3014362 035 $a(IMF)WPIEE2006255 035 $a(EXLCZ)993360000000443581 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aExchange Rate Risk Measurement and Management : $eIssues and Approaches for Firms /$fMichael Papaioannou 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (22 p.) 225 1 $aIMF Working Papers 300 $a"November 2006". 311 $a1-4518-6515-5 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. DEFINITION AND TYPES OF EXCHANGE RATE RISK""; ""III. MEASUREMENT OF EXCHANGE RATE RISK""; ""IV. MANAGEMENT OF EXCHANGE RATE RISK""; ""V. HEDGING INSTRUMENTS FOR MANAGING EXCHANGE RATE RISK""; ""VI. HEDGING PRACTICES BY U.S. FIRMS""; ""VII. CONCLUDING REMARKS""; ""REFERENCES"" 330 3 $aMeasuring and managing exchange rate risk exposure is important for reducing a firm's vulnerabilities from major exchange rate movements, which could adversely affect profit margins and the value of assets. This paper reviews the traditional types of exchange rate risk faced by firms, namely transaction, translation and economic risks, presents the VaR approach as the currently predominant method of measuring a firm's exchange rate risk exposure, and examines the main advantages and disadvantages of various exchange rate risk management strategies, including tactical versus strategical and passive versus active hedging. In addition, it outlines a set of widely accepted best practices in managing currency risk and presents some of the main hedging instruments in the OTC and exchange-traded markets. The paper also provides some data on the use of financial derivatives instruments, and hedging practices by U.S. firms. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/255 606 $aForeign exchange rates$xMathematical models 606 $aRisk management$xMathematical models 606 $aBanks and Banking$2imf 606 $aForeign Exchange$2imf 606 $aMoney and Monetary Policy$2imf 606 $aFinancing Policy$2imf 606 $aFinancial Risk and Risk Management$2imf 606 $aCapital and Ownership Structure$2imf 606 $aValue of Firms$2imf 606 $aGoodwill$2imf 606 $aMonetary Systems$2imf 606 $aStandards$2imf 606 $aRegimes$2imf 606 $aGovernment and the Monetary System$2imf 606 $aPayment Systems$2imf 606 $aFinancial services law & regulation$2imf 606 $aMonetary economics$2imf 606 $aCurrency$2imf 606 $aForeign exchange$2imf 606 $aCurrencies$2imf 606 $aExchange rate risk$2imf 606 $aHedging$2imf 606 $aForeign currency exposure$2imf 606 $aFinancial risk management$2imf 606 $aMoney$2imf 606 $aForeign exchange market$2imf 607 $aUnited States$2imf 615 0$aForeign exchange rates$xMathematical models. 615 0$aRisk management$xMathematical models. 615 7$aBanks and Banking 615 7$aForeign Exchange 615 7$aMoney and Monetary Policy 615 7$aFinancing Policy 615 7$aFinancial Risk and Risk Management 615 7$aCapital and Ownership Structure 615 7$aValue of Firms 615 7$aGoodwill 615 7$aMonetary Systems 615 7$aStandards 615 7$aRegimes 615 7$aGovernment and the Monetary System 615 7$aPayment Systems 615 7$aFinancial services law & regulation 615 7$aMonetary economics 615 7$aCurrency 615 7$aForeign exchange 615 7$aCurrencies 615 7$aExchange rate risk 615 7$aHedging 615 7$aForeign currency exposure 615 7$aFinancial risk management 615 7$aMoney 615 7$aForeign exchange market 700 $aPapaioannou$b Michael$01462126 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788410603321 996 $aExchange Rate Risk Measurement and Management$93802242 997 $aUNINA