Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95191
Authors: 
Oxelheim, Lars
Wihlborg, Clas G.
Year of Publication: 
1987
Series/Report no.: 
IUI Working Paper 177
Abstract: 
Hedging transaction and translation exposures to exchange rate changes may increase the economic exposure of the firm and reduce the information value of firms' quarterly statements. In this paper hedging macroeconomic exposures, of which exchange rate exposure is one type, is discussed in terms of choice of macroeconomic variables for which exposures could be measured, choice of strategy for managing exposures, and choice of financial instruments for hedging different exposures.
Subjects: 
Hedging
macroeconomic schocks firm strategy
financial instruments
JEL: 
G10
G32
Document Type: 
Working Paper

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