International currency exposure

International currency exposure

by Cheung, Yin-Wong Westermann, Frank

Type Book
Rate 0.0 /5

The foreign currency denomination of contracts in international transactions can lead to international currency exposure at the country level with important economic and policy implications. When debts are denominated in foreign currency and revenues in domestic currency, exchange rate fluctuations can result in balance sheet effects for countries with either net asset or liability positions. Moreover, currency mismatch between assets and liabilities can be a cause for crises in developing and …

Read More ↓
Details
Files
Reviews
Download

Title Statements

  • Full title :International currency exposure / edited by Yin-Wong Cheung and Frank Westermann.

Summary

The foreign currency denomination of contracts in international transactions can lead to international currency exposure at the country level with important economic and policy implications. When debts are denominated in foreign currency and revenues in domestic currency, exchange rate fluctuations can result in balance sheet effects for countries with either net asset or liability positions. Moreover, currency mismatch between assets and liabilities can be a cause for crises in developing and emerging economies. This book looks at the issues surrounding foreign currency exposure in today's increasingly integrated world economy. The contributors draw on cross-country as well as country-specific data. They consider international currency risk after the Swiss franc ended its one-sided peg with the euro, for example, and the foreign exchange positions of firms in Turkey and Russia. Other contributors take macroeconomic perspectives, examining the potential effects of exchange rate realignment, the pressure to appreciate on countries with current account surpluses, and the currency exposure in international trade. Finally, contributors consider the issue from finance and political economy perspectives, addressing the phenomenon of the forward premium puzzle and discussing geopolitical aspects ascending currencies.--

Read More ↓

Edition Statements

  • Publication Date:2017

Publication Statements

  • Publisher(s):MIT Press
  • Place of Publication:Cambridge, MA
  • Language:eng
  • Publication Date:2017

The Physical Object

  • Description:vi, 313 pages : : illustrations ; : 24 cm.

Edition Identifiers

  • ISBN:9780262036405, 0262036401, 9780262340922, 0262340925
  • oclc:ocn978286397
  • LC Classification:HG3851
  • Dewey Decimal:658.15/24

Subjects

Aussenhandel Crises de change Currency crises Foreign exchange rates International finance Taux de change Währungsrisiko

Writers

Cheung, Yin-Wong Westermann, Frank

More from this Series

  • Perspectives on the performance of the continental economies

    ©2011
    more →
    Perspectives on the performance of the continental economies

  • Perspectives on the performance of the continental economies

    ©2011.
    more →
    Perspectives on the performance of the continental economies

  • Perspectives on the performance of the continental economies

    ©2011.
    more →
    Perspectives on the performance of the continental economies

  • Perspectives on the performance of the continental economies

    c2011.
    more →

  • Perspectives on the performance of the continental economies

    ©2011.
    more →

Rate & Review

0.0/5
(0 people Voted)

No reviews yet. Be the first to rate this work.

Files & Downloads

No downloadable files are registered for this work yet.

Log in to request a copy