Managing currency risk: using financial derivatives
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Chichester [u.a.]
Wiley
2001
|
| Series: | IIA risk management series
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | VI, 212 S. graph. Darst. |
| ISBN: | 0471498866 |
Staff View
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Record in the Search Index
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| adam_text | contents
CHAPTER 1: Currency Risk, Currency Derivatives and the Management Function l
Introduction 1
The Purpose of the Book 2
The Methodology 3
Currency Risk 8
Currency Derivatives 10
The Currency Risk Management Function 25
Checklist for the Review of Chapter 1 30
CHAPTER 2: Currency Risk Management: Issues and Strategies 33
Introduction 33
The Critique of Corporate Risk Management 34
In Defence of Corporate Risk Management 36
Conclusion on Corporate Risk Management 39
Maintaining a Sound System of Control 40
Diversification 41
Hedging with Financial Derivatives 45
Checklist for the Review of Chapter 2 49
CHAPTER 3: Currency Spot and Forwards 53
The Spot Market 53
The No Arbitrage Principle 56
Conclusions on the Spot Market 39
Availability of Currency Spots 40
Currency Forwards 41
Availability of Currency Forwards 65
Checklist for the Review of Chapter 3 66
CHAPTER 4: Currency Futures Contracts 71
Introduction to Currency Futures 71
An Exchange Traded Forward Contract 72
A Standardised Contract the Minimum Conditions 74
A Standardised Contract an Example 77
Some Futures Market Terminology 79
The Role of Basis in Currency Futures 82
The Hedge Ratio 84
The Case Studies Compared 99
v
vi CONTENTS
Conclusion 102
Checklist for the Review of Chapter 4 102
CHAPTER 5: Currency Swaps 107
Introduction to Currency Swaps 107
Principles of Currency Swaps 108
Principles of Cross Currency Swaps 111
Practical Currency Swaps 112
Practical Cross Currency Swaps 118
Practical Cocktail Swaps 123
Checklist for the Review of Chapter 5 126
CHAPTER 6: Currency Options 131
Introduction 131
The Fundamental Principles of Options 132
Option Pricing 135
The Intrinsic Value of an Option 136
The Time Value of an Option 138
Exercising Options 142
The Risk of the Parties to an Option 144
0TC Currency Options 146
Options on Currency Futures 151
Option Standardisation 151
Option Classification 154
Selling Options on Futures 155
Checklist for the Review of Chapter 6 159
CHAPTER 7: Strategies with Currency Derivatives 163
Introduction 163
Reduced Cost Strategies 164
Zero Cost Strategies 168
Profit Retention Strategies 178
Checklist for the Review of Chapter 7 184
CHAPTER 8: Managing Specific Currency Risks 187
Introduction 187
Using Derivatives to Obtain a Foreign Loan Equivalent 188
Managing the Currency Risk of Anticipated Foreign Transactions 192
Managing Cost/Return Cash Flows on Long Term Currency Exposures 197
Checklist for the Review of Chapter 8 200
INDEX 203
|
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| dewey-sort | 3332.45 |
| dewey-tens | 330 - Economics 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
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| indexdate | 2024-07-09T19:01:55Z |
| institution | BVB |
| isbn | 0471498866 |
| language | English |
| lccn | 2001033241 |
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| physical | VI, 212 S. graph. Darst. |
| publishDate | 2001 |
| publishDateSearch | 2001 |
| publishDateSort | 2001 |
| publisher | Wiley |
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| series2 | IIA risk management series |
| spelling | Stephens, John J. 1945- Verfasser (DE-588)129457833 aut Managing currency risk using financial derivatives John J. Stephens Chichester [u.a.] Wiley 2001 VI, 212 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier IIA risk management series Derivative securities Foreign exchange Risk management Derivat Wertpapier (DE-588)4381572-8 gnd rswk-swf Unternehmen (DE-588)4061963-1 gnd rswk-swf Risikomanagement (DE-588)4121590-4 gnd rswk-swf Währungsrisiko (DE-588)4064157-0 gnd rswk-swf Unternehmen (DE-588)4061963-1 s Währungsrisiko (DE-588)4064157-0 s Risikomanagement (DE-588)4121590-4 s Derivat Wertpapier (DE-588)4381572-8 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009835294&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Stephens, John J. 1945- Managing currency risk using financial derivatives Derivative securities Foreign exchange Risk management Derivat Wertpapier (DE-588)4381572-8 gnd Unternehmen (DE-588)4061963-1 gnd Risikomanagement (DE-588)4121590-4 gnd Währungsrisiko (DE-588)4064157-0 gnd |
| subject_GND | (DE-588)4381572-8 (DE-588)4061963-1 (DE-588)4121590-4 (DE-588)4064157-0 |
| title | Managing currency risk using financial derivatives |
| title_auth | Managing currency risk using financial derivatives |
| title_exact_search | Managing currency risk using financial derivatives |
| title_full | Managing currency risk using financial derivatives John J. Stephens |
| title_fullStr | Managing currency risk using financial derivatives John J. Stephens |
| title_full_unstemmed | Managing currency risk using financial derivatives John J. Stephens |
| title_short | Managing currency risk |
| title_sort | managing currency risk using financial derivatives |
| title_sub | using financial derivatives |
| topic | Derivative securities Foreign exchange Risk management Derivat Wertpapier (DE-588)4381572-8 gnd Unternehmen (DE-588)4061963-1 gnd Risikomanagement (DE-588)4121590-4 gnd Währungsrisiko (DE-588)4064157-0 gnd |
| topic_facet | Derivative securities Foreign exchange Risk management Derivat Wertpapier Unternehmen Risikomanagement Währungsrisiko |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009835294&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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