Chapter 2 Literature Review 2.1 Concept of exchange rate. Since the transitions from fixed to floating exchange rates after the breakdown of the Bretton Woods system in 1973, companies have become increasingly exposed to foreign exchange rate risk. Chapter 2 Literature Review 2.1 Concept of exchange rate exposure Notwithstanding the fact that the conversion rates of different currencies to one another usually change over time, it can provide the condition of risk for different parties from the countries that interact with each other through multinational activities.
LITERATURE REVIEW The importance of foreign exchange risk has long been emphasized in the financial risk management literature. The Foreign Exchange Market The Foreign Exchange market stands alone as the largest and most liquid markets in the world with trillions being traded daily. Open 24 hours a day, five days a week, this asset class is available to everyone from national banks and international corporations to the individual day trader.
Chapter 2 Literature Review - INFLIBNET This study is a literature review focusing on the foreign exchange rate exposure that is the impact of foreign exchange risk on companies’ assets and liabilities. Chapter 2 Literature Review 2.1 Introduction Currency exposure management being important in the context of global trade and investments, voluminous literature on the subject is available worldwide. Developed economies account for a big chunk of empirical literature on currency exposure management for obvious reasons. Some
Conclusion - Foreign Exchange - Wiley Online Library Firstly, the study tried to clarify the concept of the foreign exchange exposure and then the different models in the context of capital markets approach on the measurement of the foreign exchange rate exposure was examined in detail. Although foreign exchange may be confusing, in today's global marketplace, there is a critical need for almost everyone to understand foreign exchange like never before. As the world shrinks, there i.
Management of Foreign Exchange Risk A Review Article - jstor Secondly, determinants of foreign exchange exposure were overviewed in general. Abstract. This paper reviews the literature on Foreign Exchange Risk Management FERM. key informational inputs necessary for any Foreign Exchange Risk.
MANAGEMENT OF FOREIGN EXCHANGE RISK A REVIEW. Thirdly, the relationship between foreign exchange risk management and foreign exchange exposure is summarized. This paper reviews the literature on Foreign Exchange Risk Management. ing section identifies gaps in the existing literature and suggests directions for future.
PDF International Student Mobility Literature Review The research was made to cover the basic theoretical and empirical studies in this area. International Student Mobility Literature Review. The first is a review of rele vant statistics of UK. studying abroad and the quality of services offered to foreign exchange students at.