LEADER 05030oam 22012374 450 001 9910972470603321 005 20250426110737.0 010 $a9786613825896 010 $a9781462313471 010 $a1462313477 010 $a9781452784441 010 $a1452784442 010 $a9781283513449 010 $a1283513447 010 $a9781451909685 010 $a1451909683 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(IMF)WPIEA2006255 035 $aWPIEA2006255 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 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (22 p.) 225 1 $aIMF Working Papers 300 $a"November 2006". 311 08$a9781451865158 311 08$a1451865155 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 $aCapital and Ownership Structure$2imf 606 $aCurrencies$2imf 606 $aCurrency$2imf 606 $aExchange rate risk$2imf 606 $aFinancial Risk and Risk Management$2imf 606 $aFinancial risk management$2imf 606 $aFinancial services law & regulation$2imf 606 $aFinancing Policy$2imf 606 $aForeign currency exposure$2imf 606 $aForeign exchange market$2imf 606 $aForeign Exchange$2imf 606 $aForeign exchange$2imf 606 $aGoodwill$2imf 606 $aGovernment and the Monetary System$2imf 606 $aHedging$2imf 606 $aMonetary economics$2imf 606 $aMonetary Systems$2imf 606 $aMoney and Monetary Policy$2imf 606 $aMoney$2imf 606 $aPayment Systems$2imf 606 $aRegimes$2imf 606 $aStandards$2imf 606 $aValue of Firms$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$aCapital and Ownership Structure 615 7$aCurrencies 615 7$aCurrency 615 7$aExchange rate risk 615 7$aFinancial Risk and Risk Management 615 7$aFinancial risk management 615 7$aFinancial services law & regulation 615 7$aFinancing Policy 615 7$aForeign currency exposure 615 7$aForeign exchange market 615 7$aForeign Exchange 615 7$aForeign exchange 615 7$aGoodwill 615 7$aGovernment and the Monetary System 615 7$aHedging 615 7$aMonetary economics 615 7$aMonetary Systems 615 7$aMoney and Monetary Policy 615 7$aMoney 615 7$aPayment Systems 615 7$aRegimes 615 7$aStandards 615 7$aValue of Firms 700 $aPapaioannou$b Michael$01814293 801 0$bDcWaIMF 906 $aBOOK 912 $a9910972470603321 996 $aExchange Rate Risk Measurement and Management$94371095 997 $aUNINA LEADER 11000nam 22005533 450 001 9911027077103321 005 20251005110023.0 010 $a1-394-27180-8 010 $a1-394-27179-4 035 $a(CKB)40427839600041 035 $a(MiAaPQ)EBC32274225 035 $a(Au-PeEL)EBL32274225 035 $a(OCoLC)1535403053 035 $a(CaSebORM)9781394271771 035 $a(OCoLC)1535168344 035 $a(OCoLC-P)1535168344 035 $a(EXLCZ)9940427839600041 100 $a20250831d2025 uy 0 101 0 $aeng 135 $aur||||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aDecentralized Finance and the End of Traditional Banking 205 $a1st ed. 210 1$aNewark :$cJohn Wiley & Sons, Incorporated,$d2025. 210 4$dİ2025. 215 $a1 online resource (388 pages) 311 08$a1-394-27177-8 327 $aCover -- Series Page -- Title Page -- Copyright Page -- Contents -- Preface -- Part I: Fundamentals of Cryptocurrency and Blockchain Technology -- Chapter 1 Introduction to Cryptocurrency and Blockchain -- 1.1 Introduction -- 1.2 Introduction to Blockchain -- 1.2.1 Meaning of Blockchain Technology -- 1.2.2 Development of Blockchain Technology -- 1.2.3 Key Aspects of Blockchain Technology -- 1.2.4 Adoption of Blockchain Technology -- 1.2.5 The Issues Related to Blockchain Technology -- 1.3 Introduction to Cryptocurrency -- 1.3.1 Characteristics of Cryptocurrency -- 1.3.2 Comparison of Cryptocurrency with Other Assets -- 1.3.3 Features of the Indian Crypto Market -- 1.3.4 Indian Cryptocurrency Market Development and History -- 1.3.5 Indian Crypto Exchanges -- 1.3.6 Regulation of Cryptocurrency Market in India -- 1.3.7 Impact of Indian Cryptocurrency Market -- 1.4 Bitcoin -- 1.5 Conclusion -- References -- Chapter 2 A Journey Into the World of Cryptocurrency and Bitcoin Technology -- 2.1 Introduction -- 2.2 Statement of Problem -- 2.3 Literature Review -- 2.4 Cryptocurrency -- 2.5 Characteristics of Cryptocurrency -- 2.6 Problems Associated with Traditional Banking -- 2.7 Evolution of Cryptocurrency -- 2.8 Major Phases of Bitcoin (Cryptocurrency) Development -- 2.9 Cryptocurrency Proven as Solution to the Problem of Tradition Financial System -- 2.10 Advantages of Cryptocurrency -- 2.11 Categories of Cryptocurrency and Their Applications -- 2.12 The Implications of Cryptocurrency -- 2.13 Challenges -- 2.14 Conclusion -- References -- Part II: Evolution and Disruption in Finance -- Chapter 3 Traditional Finance vs. Decentralized Finance: A Comparative Analysis -- 3.1 Introduction -- 3.1.1 Traditional Approach to Financial Management -- 3.2 The Modern Approach to Financial Management -- 3.3 Alternative Financing and Risks -- 3.4 Crowdfunding. 327 $a3.5 Traditional Finance Theory and Decision-Making Models -- 3.6 Decentralized Finance -- 3.6.1 Main Components of DeFi -- 3.6.2 Benefits of DeFi -- 3.6.3 Risks and Limitations in DeFi -- 3.6.4 Key Metrics -- 3.7 Decentralized Finance and Traditional Finance -- 3.7.1 The Main Distinctions Are -- 3.8 Identifying and Managing Risk in Decentralized Finance -- 3.9 Conclusion -- References -- Chapter 4 Traditional Banking to Digital Banking: Technological Transformation, Trends and Disruptions -- 4.1 Introduction -- 4.2 Review of Literature -- 4.3 Objectives -- 4.4 Methodology -- 4.5 Transformation of Banking Sector: A Way to Digital Banking -- 4.5.1 Phase 1 (1991-2000): Liberalization and Modernization -- 4.5.2 Phase 2: Digital Integration and Financial Inclusion (2000-2010) -- 4.5.3 Phase 3: FinTech Disruption and Innovation (2010-2020) -- 4.5.4 Phase 4: Consolidation and Future Outlook (2020 onward) -- 4.5.5 Competitive Rivalry -- 4.5.6 Adoption of Latest Technology -- 4.5.7 Market Positioning -- 4.6 Trends in Digital Banking -- 4.6.1 Mobile Banking -- 4.6.2 Digital Wallet -- 4.6.3 Social Media -- 4.6.4 Biometrics -- 4.6.5 Cloud -- 4.6.6 Peer-to Peer (P2P) Lending and Payments -- 4.6.7 Blockchain -- 4.7 Challenges of Digital Banking -- 4.7.1 Cybersecurity Issues -- 4.7.2 Customer Education and Adoption -- 4.7.3 Regulatory Compliance -- 4.7.4 Technical Infrastructure and Integration -- 4.7.5 Customer Trust and Data Privacy -- 4.7.6 Operational Resilience -- 4.8 Conclusion -- References -- Chapter 5 The Meltdown Effect: Financial Crises and the Global Economic Ripple -- 5.1 Introduction -- 5.1.1 Background -- 5.1.2 The Question and Problem of Research -- 5.1.3 Importance of the Research -- 5.2 Anatomy of Financial Crises -- 5.3 Historical Case Studies -- 5.4 Global Economic Impact -- 5.5 Policy Responses and Mitigation Strategies. 327 $a5.6 Global Resilience and Recovery -- 5.6.1 Resilience Factors -- 5.6.2 Global Recovery Efforts -- 5.7 Conclusion -- References -- Part III: The Prospective of Decentralized Finance and Its Components -- Chapter 6 The Prospective of Decentralized Finance and Its Impact on Traditional Banking -- 6.1 Introduction to Decentralized Finance -- 6.2 Market Size of Decentralized Finance Market -- 6.3 Brief Historical Background of DeFi -- 6.4 Key Features -- 6.5 Concept of Smart Contracts -- 6.6 Key Applications of Smart Contracts -- 6.7 Adaptability of Decentralized Finance Across the Globe -- 6.8 Some Other Types of Financial Systems -- 6.9 Benefits of Decentralized Finance -- 6.10 Risks and Challenges Posed by Decentralized Finance -- 6.11 Opportunities of Decentralized Finance in the Banking World -- 6.12 Conclusion -- References -- Chapter 7 Exploring the Effectiveness of Centralized Exchange and Decentralized Exchange for Cryptocurrency Trading in the World of DeFi for Sustainable Finance -- 7.1 Introduction -- 7.2 Decentralized Applications (dApps) Categories -- 7.3 Centralized vs Decentralized Finance -- 7.4 Comparison of Traditional Financial System and Decentralized Finance System -- 7.5 Centralized Exchange vs Decentralized Exchange -- 7.5.1 Decentralized Exchange -- 7.5.2 Centralized Exchange -- 7.6 Conclusion -- References -- Chapter 8 Crypto Airdrops: Marketing Tool for Cryptocurrency Markets -- 8.1 Introduction -- 8.2 Concept of "Crypto Airdrops" -- 8.3 Crypto Airdrops: A Marketing Tool -- 8.4 Discussion -- 8.5 Concluding Remarks -- References -- Chapter 9 Unlocking the Power of Decentralized Exchanges: A Financial Paradigm Shift -- 9.1 Background -- 9.2 Decentralized Exchanges (DEXs) -- 9.2.1 Core Principles of Decentralized Exchanges -- 9.2.2 Types of Decentralized Exchanges. 327 $a9.3 Comparative Analysis Between Decentralized Exchanges and Centralized Exchanges -- 9.4 Advantages of Decentralized Exchanges (DEXs) -- 9.5 Growing Trend of Decentralized Exchanges -- 9.6 Challenges and Risks Associated with DEXs -- 9.7 Implications for the Global Economic System -- 9.8 Conclusion -- References -- Chapter 10 Stablecoins: The Cornerstone of DeFi -- 10.1 Introduction -- 10.2 Types of Stablecoins -- 10.2.1 Fiat-Backed Stablecoins -- 10.2.2 Crypto-Backed Stablecoins -- 10.2.3 Algorithmic Stablecoins -- 10.3 Importance of DeFi -- 10.4 Use Cases in DeFi Protocols -- 10.5 Challenges and Risks with Stablecoins -- 10.6 Future Developments -- 10.7 Conclusion -- References -- Chapter 11 Tokenization of Stable Assets to Cryptocurrency: Transformation of Traditional Investments and Trading to Digital Financing -- 11.1 Introduction -- 11.2 Traditional Investment and Trading Opportunities -- 11.2.1 Based on Financial Assets -- 11.2.2 Based on Physical Assets -- 11.2.3 Based on Marketable Assets -- 11.3 Trust and Transparency in Blockchain Technology -- 11.4 Growth of Cryptocurrency -- 11.5 Financial Freedom and Asset Growth Opportunity -- 11.6 Stable and Altcoins -- 11.7 Factors Affecting Investment Behaviors -- 11.8 Role of Speculators and Traders in Volatility -- 11.9 Stock Trading and Crypto Trading -- 11.10 Machine Learning Techniques in Price Predictions -- 11.11 Global and Emerging Economy Millennial Investment Interests -- 11.12 Implications -- 11.13 Conclusion with Future Research -- References -- Part IV: Governance, Future of Banking and Consumer Perspectives -- Chapter 12 Decentralized Finance's Governance-A Review of Decentralized Autonomous Organizations -- 12.1 Introduction -- 12.2 Evidence and Consequences of Unregulated Governance -- 12.3 Essential Elements of DeFi Governance -- 12.4 Decentralized Autonomous Organizations (DAOs). 327 $a12.4.1 Leading DeFi DAOs: Maker DAO -- 12.4.2 The Voting Procedure and Governance Structure of Maker -- 12.4.3 Leading DeFi DAOs: Synthetix -- 12.4.4 The Leading DeFi DAO: Metronome -- 12.5 Governance Tokens' Role in DeFi -- 12.5.1 veTokens -- 12.5.2 Case Studies in DeFi Governance -- 12.6 Challenges and Future for DeFi Governance -- 12.7 Implications for Managers and Practitioners -- 12.8 Conclusion -- References -- Chapter 13 Unified Payment Interface (UPI): An Analytical Dissection of the Current Framework and Future Scope of Introducing a Charge-per-Transaction Model -- 13.1 Introduction -- 13.2 The Current State of UPI -- 13.3 How the UPI Infrastructure Works -- 13.4 How UPI Dethroned the Status Quo -- 13.5 Analyzing the Cost of Running the UPI System -- 13.6 Exploring the Possibility of an MDR System -- 13.7 Conclusion -- References -- Chapter 14 Perspectives of Consumers Toward Cashless Transactions -- 14.1 Introduction -- 14.2 Cashless Payment Methods -- 14.3 Current Status of Cashless Economy on a Global Level -- 14.4 Importance of Cashless Transactions -- 14.5 Challenges to Cashless Transactions -- 14.6 Digital Payment Development -- 14.7 Perspectives of Consumers Toward Cashless Transactions -- 14.8 Recommendations -- 14.9 Scope of Future Research -- 14.10 Conclusion -- References -- Chapter 15 Bitcoin Ascent: Fueling the DeFi Revolution -- 15.1 Introduction -- 15.1.1 Definition of Bitcoin -- 15.1.2 Blockchain Technology -- 15.1.3 Decentralization -- 15.1.4 Mining -- 15.1.5 Bitcoin Wallets -- 15.1.6 Bitcoin Transactions -- 15.1.7 Supply Limit -- 15.1.8 Volatility and Price -- 15.1.9 Use Cases -- 15.1.10 Adoption and Regulation -- 15.2 Pre-Bitcoin Financial Landscape -- 15.2.1 Centralized and Traditional Finance -- 15.3 Glimpse About Bitcoin -- 15.3.1 Whitepaper Publication (August 2008) -- 15.3.2 Genesis Block and Mining Begins. 327 $a15.3.3 First Bitcoin Transaction. 330 $aThis book provides the essential knowledge needed to navigate the revolutionary future of finance with confidence through its comprehensive and accessible exploration of decentralized finance. 606 $aFinance$xTechnological innovations 615 0$aFinance$xTechnological innovations. 676 $a332.10285 700 $aGagandeep$01848718 701 $aVerma$b Jyoti$01848719 701 $aSingh$b Amandeep$01848720 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9911027077103321 996 $aDecentralized Finance and the End of Traditional Banking$94436008 997 $aUNINA