Exchange Exposure in a Multiple Currency World

Robert Z. Aliber

Chapter 9. in Exchange Risk and Corporate International Finance, 1978, pp 102-113 from Palgrave Macmillan

Abstract: Abstract The measurement of the firm’s exposure to exchange risk involves estimating how various benchmarks of its economic performance — income, net worth and market value — would be affected by changes in exchange rates. Many firms indicate that they prefer not to be exposed. But there is less than complete agreement on the currency mix of assets and liabilities that is consistent with a non-exposed position.

Keywords: Exchange Rate; Foreign Currency; Purchasing Power Parity; Foreign Subsidiary; Exchange Rate Change (search for similar items in EconPapers)
Date: 1978
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DOI: 10.1007/978-1-349-03362-1_9

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