The Management of Foreign Exchange Exposures and Interest Rate Exposures in a Number of UK and Swedish Firms between 1985 and 1996

Göran Bergendahl

Chapter 13 in Bank Strategies and Challenges in the New Europe, 2001, pp 232-271 from Palgrave Macmillan

Abstract: Abstract Back in 1985 I participated in a conference on foreign exchange exposure management arranged by the Financial Times. At one coffee break a UK financial manager took me aside and asked for assistance. He said: We who are in the day-to-day routine work of international payments and international finance, never have any chance to reflect on totally new systems for liquidity transfers. But you, who are in the academic field, couldn’t you listen to us and to others and consider the pros and cons of alternative ways of centralising and decentralising international activities? We never get access to systems of other firms. But you who are at a university, you should be considered as ‘neutral’ and you should be able to learn how others operate. Why couldn’t you just interview twenty international treasurers and compare their experiences and tell us what is good and what is wrong? I don’t believe that what is good for one firm must be good for others. But I do believe that each firm has had experiences that must be extremely valuable for the other ones.

Keywords: Interest Rate; Balance Sheet; Foreign Currency; Price List; Currency Risk (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-99276-0_13

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DOI: 10.1057/9780333992760_13

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