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Freiberger Arbeitspapiere, Fakultät für Wirtschaftswissenschaften, Technische Universität Bergakademie Freiberg >
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http://hdl.handle.net/10419/27093
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| Title: | | Exposures and exposure hedging in exchange rate risk management  |
| Authors: | | Schäfer, Klaus Pohn-Weidinger, Johannes |
| Issue Date: | | 2005 |
| Series/Report no.: | | Freiberg working papers 2005,19 |
| Abstract: | | Corporations are affected by increasing volatilities on foreign exchange markets. A response to this development was the creation of financial instruments, so called derivatives, in order to protect corporations from the effects of flexible exchange rates. To understand the included risks and to take correct decisions it is necessary to get a fundamental insight into exchange rate risk management. First it is the aim of this paper to systemize the possibilities of determining exchange rate risk as well as objectives of exchange rate risk management. In the second part of the paper a model to determine the optimal hedge ratio in the case of hedging transaction risks with forwards is described. |
| Subjects: | | Currency Risk Transaction Risk Currency Forwards Optimal Hedging |
| JEL: | | F31 G15 G39 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Freiberger Arbeitspapiere, Fakultät für Wirtschaftswissenschaften, Technische Universität Bergakademie Freiberg
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