Relevance of currency risk in the EMU PDF Download
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Author: Giorgio De Santis
Publisher:
ISBN:
Category :
Languages : en
Pages : 50
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Book Description
Author: Giorgio De Santis
Publisher:
ISBN:
Category :
Languages : en
Pages : 50
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Book Description
Author: R. Friberg
Publisher: Springer
ISBN: 0333982371
Category : Business & Economics
Languages : en
Pages : 179
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Book Description
The first book to provide an integrated treatment of financial and operating strategies to exchange rate variability. The choice of price-setting currency, when and how to adjust prices, the limitations of hedging and segmentation of national markets are some of the issues analyzed. The book investigates the impact of EMU.
Author: Wayne E. Ferson
Publisher:
ISBN:
Category : Assets (Accounting)
Languages : en
Pages : 60
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Book Description
We explore the different factors that drive expected returns in world markets. Our research offers two innovations. First, the introduction of the Euro currency unit greatly reduces the complexity of including foreign exchange risk in asset pricing models. We use a synthetic Euro excess return along with a Yen excess return to assess country equity sensitivities to currency risk factors. Second, when combining the currency factors with a group of economic factors, we measure the incremental information in the factor proposed in Fama and French (1998). We find that a global price-to-book factor offers little additional explanatory power over and above a model that includes economic risk factors.
Author: David A. Currie
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 128
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Book Description
Author: Wayne E. Ferson
Publisher:
ISBN:
Category :
Languages : en
Pages : 53
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Book Description
We explore the different factors that drive expected returns in world markets. Our research offers two innovations. First, the introduction of the Euro currency unit greatly reduces the complexity of including foreign exchange risk in asset pricing models. We use a synthetic Euro excess return along with a Yen excess return to assess country equity sensitivities to currency risk factors. Second, when combining the currency factors with a group of economic factors, we measure the incremental information in the factor proposed in Fama and French (1998). We find that a global price-to-book factor offers little additional explanatory power over and above a model that includes economic risk factors.
Author: Gail D. Fosler
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 68
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Book Description
This survey based report provides deep insights into whether, and how, exchange rate volatility shapes business investment decisions and risk management practices.
Author: Mr.Thomas Krueger
Publisher: International Monetary Fund
ISBN: 9781557756640
Category : Business & Economics
Languages : en
Pages : 580
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Book Description
This book, edited by Paul R. Masson, Thomas Krueger, and Bart G. Turtelboom, contains the proceedings of the seminar held in Washington, D.C. on March 17-18, 1997, cosponsored by the IMF and Fondation Camille Gutt. Conference participants discussed implications of European Economic and Monetary Union (EMU) on exchange and financial markets, and consequently on the activities of market participants and private and official institutions. The five main themes of the seminar were the characteristics of the euro and its potential role as an international currency; EMU and international policy coordination; EMU and the relationship between the IMF and its EMU members; lessons of European monetary integration for the international monetary system; and the transitioin to EMU.
Author: Richard Friberg
Publisher: Palgrave Macmillan
ISBN: 9780312220242
Category : Business & Economics
Languages : en
Pages : 174
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Book Description
"Exchange Rates and the Firm is the first book to provide an integrated treatment of financial and operating strategies with respect to exchange rate variability. Theory and evidence on strategies for handling exchange rate variability from many areas of study in economics are assembled and assessed, with a focus on operating strategies. The non-technical presentation makes it well suited for advanced undergraduate and MBA students, practitioners and researchers who want an accessible synthesis of current research in this topical and important field of economic theory and practice."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved
Author: Alastair Graham
Publisher: Routledge
ISBN: 1135957258
Category : Business & Economics
Languages : en
Pages : 134
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Book Description
The Currency Risk Management series offers readers, researchers, and financial professional a time-tested training tool for understanding and working in the increasingly complex currency markets. This series breaks new ground in simplicity, clarity, and ease of application in risk management practice.
Author: Mr.George Kopits
Publisher: International Monetary Fund
ISBN: 1451842570
Category : Business & Economics
Languages : en
Pages : 42
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Book Description
In view of the requirements of Stage 2 of European Monetary Union (EMU) for accession to the European Union, this paper examines the desirability for, and the ability of, the lead candidates in Central and Eastern Europe to participate in the new exchange rate mechanism (ERM2) and eventually in EMU. For most of these countries the benefits are likely to outweigh the cost of participation. After successfully meeting the basic conditions (wage flexibility, prudent fiscal and monetary stance, financial system soundness) for ERM2, each candidate should be able to shadow the euro, with sufficient flexibility around the central rate, prior to formal participation. The paper concludes with a discussion of two policy dilemmas.
