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WHAT NEW CURRENCY RISK PRODUCTS ARE COMPANIES USING, AND WHY?

WHAT NEW CURRENCY RISK PRODUCTS ARE COMPANIES USING, AND WHY? Footnotes 1 . This classification follows the previous studies of Priestly & Hecht and Jesswein. Though the list does not exhaust all the innovations, it has included most of the major products. See Sarah Priestley and Liz Hecht, “Third Generation Risk Management: How to Use Futures, Options, and Hybrid Products to Manage Exposure,” Corporate Finance (London: Euromoney Publications, September, 1986), 23–38. Kurt Jesswein, Adoption Criteria for New Foreign Exchange Risk Management Products: Some Implications for Financial Innovation Theory , Unpublished Ph.D. dissertation, University of South Carolina, 1992. 2 . These four types of exposure management strategies are summarized in Lars Oxelheim and Clas Wihlborg, “Hedging and Managing Exchange Rate Exposure and Related Macroeconomic Exposure,” in Sarkis Khoury and Alo Ghosh (editors), Recent Developments in International Banking and Finance , Lexington: D.C. Heath and Co., Vol. II (1988), 321–347. 3 . For more on the usefulness of Purchasing Power Parity and Fisher Open Effect, see Dennis Logue in this issue, “When Theory Fails: Globalization as a Response to the (Hostile) Foreign Exchange Market.” 4 . The studies cited in this paragraph are as follows: Ike Mathur, “Managing Foreign Exchange Risk Profitability,” Columbia Journal of World Business , (Winter 1982), http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Applied Corporate Finance Wiley

WHAT NEW CURRENCY RISK PRODUCTS ARE COMPANIES USING, AND WHY?

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Publisher
Wiley
Copyright
Copyright © 1995 Wiley Subscription Services, Inc., A Wiley Company
ISSN
1078-1196
eISSN
1745-6622
DOI
10.1111/j.1745-6622.1995.tb00641.x
Publisher site
See Article on Publisher Site

Abstract

Footnotes 1 . This classification follows the previous studies of Priestly & Hecht and Jesswein. Though the list does not exhaust all the innovations, it has included most of the major products. See Sarah Priestley and Liz Hecht, “Third Generation Risk Management: How to Use Futures, Options, and Hybrid Products to Manage Exposure,” Corporate Finance (London: Euromoney Publications, September, 1986), 23–38. Kurt Jesswein, Adoption Criteria for New Foreign Exchange Risk Management Products: Some Implications for Financial Innovation Theory , Unpublished Ph.D. dissertation, University of South Carolina, 1992. 2 . These four types of exposure management strategies are summarized in Lars Oxelheim and Clas Wihlborg, “Hedging and Managing Exchange Rate Exposure and Related Macroeconomic Exposure,” in Sarkis Khoury and Alo Ghosh (editors), Recent Developments in International Banking and Finance , Lexington: D.C. Heath and Co., Vol. II (1988), 321–347. 3 . For more on the usefulness of Purchasing Power Parity and Fisher Open Effect, see Dennis Logue in this issue, “When Theory Fails: Globalization as a Response to the (Hostile) Foreign Exchange Market.” 4 . The studies cited in this paragraph are as follows: Ike Mathur, “Managing Foreign Exchange Risk Profitability,” Columbia Journal of World Business , (Winter 1982),

Journal

Journal of Applied Corporate Finance – Wiley

Published: Sep 1, 1995

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