Results 1 to 10 of about 451,129 (309)
Zeszyty Naukowe Wyższej Szkoły Finansów i Prawa w Bielsku-BiałejEffective risk management is becoming a key element of running a business, as an incorrect approach can lead to financial problems. In the global economy, companies use various strategies to reduce currency risk.
Nina Dubiel, Klaudia Hilarowicz
doaj +2 more sources
FOREIGN CURRENCY RISK HEDGING [PDF]
Challenges of the Knowledge Society, 2017 This paper presents the traditional types of exchange rate risk faced by firms and some of principal methods of exchange risk management that a company which make foreign currency operations can use.
Mihaela SUDACEVSCHI
doaj +1 more source
Currency risk management model
Theoretical and Applied Economics, 2019 The currency risk management is a very important aspect, especially in the case of companies that also carry out import-export activities. The currency risk is the one that can bring a series of elements that can be positive in terms of the results of ...
Constantin ANGHELACHE +2 more
doaj +1 more source
The Review of Financial Studies, 2023 Abstract We study a large currency cross-section using asset pricing methods that account for omitted-variable and measurement-error biases. First, we show that the pricing kernel includes at least three latent factors that resemble (but are not identical to) a strong U.S.
Nucera, F, Sarno, L, Zinna, G
openaire +3 more sources
Pricing currency risk under currency boards [PDF]
Journal of Development Economics, 2002 Currency risk is one of the two components of the total interest rate differential. Hard pegs, such as currency boards, are meant to reduce or even eliminate currency risk, thus reducing domestic interest rates. This paper investigates the patterns and determinants of the currency risk premium in two currency boards, Argentina and Hong Kong.
Schmukler, Sergio L., Servén, Luis
openaire +3 more sources
ARE DOMESTIC FIRMS EXPOSED TO SIMILAR CURRENCY RISK AS INTERNATIONAL TRADING FIRMS?
The International Journal of Banking and Finance, 2022 This paper reports key findings about currency risk using two samples of listed firms: one sample with zero foreign currency revenues, hence having zero-currency risk; and the other sample with positive revenues in foreign currencies from foreign ...
Mohamed Ariff Syed Mohamed +1 more
doaj +1 more source
Risk Management of Dollarization in Banking: Case of Post-Soviet Countries [PDF]
Montenegrin Journal of Economics, 2018 Dollarization of bank assets and liabilities is a typical phenomenon with multi-faceted effects. Primarily, this phenomenon raises risks of imbalance in assets and liabilities following a sharp local currency devaluation.
Andrii Kaminskyi, Nataliia Versal
doaj +1 more source
Foreign Exchange and Oil Exposure of CEE Companies: Risks for Investors in Financial and Energy Industries [PDF]
European Journal of Interdisciplinary Studies, 2021 The main aim of this paper is to analyse the exposure to exchange rate risk of 24 financial and energy companies from 4 Central and Eastern European countries, i.e., Romania, Hungary, Poland and Czechia, using datasets covering the period between January
Georgiana Maria VRÎNCEANU +1 more
doaj +1 more source
Countercyclical Currency Risk Premia [PDF]
SSRN Electronic Journal, 2012 We describe a novel currency investment strategy, the `dollar carry trade,' which delivers large excess returns, uncorrelated with the returns on well-known carry trade strategies. Using a no-arbitrage model of exchange rates we show that these excess returns compensate U.S.
Lustig, Hanno +2 more
openaire +5 more sources
Climate Risk and Commodity Currencies [PDF]
SSRN Electronic Journal, 2020 The positive relationship between real exchange rates and natural resource income is well understood and studied. However, climate change and the transition to a lower-carbon economy now challenges this relationship. We document this by proposing a novel news media-based measure of climate change transition risk and show that when such risk is high ...
Kapfhammer, Felix +2 more
openaire +5 more sources