Foreign Exchange Exposure in Emerging Markets How Companies Can Minimize It [Hardcover]

One of the first works studying foreign exchange exposure in emerging markets. The analysis takes a broad approach and concludes with a tool that multinatonal companies can apply to improve the effectiveness of their risk management activities against variations in the exchange rate as well as other business risks.AcknowledgementsAbstractIntroductionThe Global Economy and the Emerging MarketsReview of the LiteratureConceptual Framework and ObjectivesHow the Analysis Was Carried OutThe Analysis of the DataThe Development of a Tool to Minimize Foreign Exchange Exposure in Emerging MarketsAn Example of the Use of The ToolAppendicesIndexReferences

'The increasing turbulence in international markets makes this volume extremely timely, addressing as it does international finance, corporate strategy and political risk. The analysis is both rigorous and lucid. For anyone interested in understanding how firms manage financial risk in emerging markets, Forn?s's work is invaluable.'

- Dr Steve McGuire, Senior Lecturer in International Business, School of Management, University of Bath, UK

'Emerging markets are now one of the main sources of opportunities for multinational companies, and the management of the foreign exchange exposure in these countries a key skill. Emerging markets are infamous for their currency crisis where unhedged exposures can compromise the performance of subsidiaries. This book appears in the right moment as emerging markets are gaining importance in the world economy.'

- Segundo Huarte, Member of the Board and former Country Manager, BBVA Portugal

'For companies like ours which are still in the process of globalization by increasing the level of business in many emerging countries, the subject of the exchange rate risk is of high significance and must be monitored on a continuous basis. The traditional approach to hedging sometimes doesn't fit with the specific requirementslC&