Introduction and Scope of the Book
Richard Friberg
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Richard Friberg: Stockholm School of Economics
Chapter 1 in Exchange Rates and the Firm, 1999, pp 1-5 from Palgrave Macmillan
Abstract:
Abstract Exchange rates are often mentioned as a crucially important factordriving the profitability of corporations. They are not seldom at thevery top of the list when discussing past or future business performance.Examples of corporations having gone bankrupt due to largeexchange rate changes, of firms losing market shares on a grand scaleor running into bad profitability in general abound. This is true also inrelatively closed countries such as the United States. Recent eventssuch as the EMU, the strength of the pound and the currency crisis inmany East Asian countries have also put the spotlight on how firmscan deal with exchange rate changes.
Keywords: Exchange Rate; Real Exchange Rate; Volatile Exchange Rate; Exchange Rate Change; Swiss Franc (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98237-2_1
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DOI: 10.1057/9780333982372_1
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