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English
John Wiley & Sons Inc
30 April 2020
A practical and accessible guide that demystifies ForEx risk for managers in all areas of business

Virtually any organisation active in the global economy is impacted by fluctuations in foreign exchange (FX or ForEx) markets. Managers need to understand this increasingly complex issue and measure their firm’s exposure to risk. Corporate Foreign Exchange Risk Management is an in-depth yet accessible guide on effective ForEx exposure management. Designed for professionals responsible for managing a profit & loss or balance sheet influenced by ForEx fluctuations, it enables risk managers to navigate the interconnected worlds of financial management and economics.

This innovative guide integrates academic discussion of the economics of risk management decisions and pragmatic advice for various situations in which performance measures affected by accounting standards are paid considerable attention. Readers are provided with the tools and knowledge required to handle a broad range of issues related to ForEx risk management. Clear, non-technical chapters demystify concepts that often appear complicated and confusing to managers. Written by globally-recognised experts in corporate finance, risk management and international business, this book: 

Employs a reader-friendly narrative style to explain complex concepts Provides a clear, actionable risk management strategy which can be used in a variety of businesses Places all concepts in relatable, real-world contexts Explains important academic research to practitioners in plain English Includes effective pedagogical tools and explanations, straightforward examples and end-of-chapter summaries which highlight key points

Corporate Foreign Exchange Risk Management is a must-read for any manager who deals with corporate exposure to ForEx risk, as well as analysts wishing to better understand the relation between corporate performance and ForEx fluctuations and students of corporate risk management.

By:   , ,
Imprint:   John Wiley & Sons Inc
Country of Publication:   United States
Dimensions:   Height: 234mm,  Width: 160mm,  Spine: 28mm
Weight:   522g
ISBN:   9781119598862
ISBN 10:   1119598869
Pages:   224
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active
Acknowledgements vii About the Authors ix Preface xiii Key Terms and Abbreviations xvii Introduction 1 Chapter 1: Why Manage Foreign Exchange Risk? 15 Chapter 2: Commercial Exposure to FX 29 Chapter 3: Net Income Exposure to FX 49 Chapter 4: Balance Sheet Exposure to FX 65 Chapter 5: FX Derivatives Explained 83 Chapter 6: Hedge Accounting Explained 105 Chapter 7: Centralizing Exposure Management 127 Chapter 8: Integrated Risk Management 141 Chapter 9: Managing FX Risk Exposures 159 Chapter 10: Communicating FXRM 177 Index 199

HÅKAN JANKENSGÅRD is Associate Professor in Corporate Finance at Lund University where he teaches a Master-level course in corporate risk management. He has done extensive academic research on firms' risk management strategies and frameworks for integrated risk management. Previously, Dr Jankensgård was corporate risk manager at Norsk Hydro. ALF ALVINIUSSEN has 42 years of experience in leading positions within Corporate Finance and Treasury at Norsk Hydro ASA. Mr Alviniussen is now an independent consultant and since 2013 a member of Stakeholder Groups of the EU regulatory bodies European Banking Authority (EBA) and European Insurance and Occupational Pension Authority (EIOPA). LARS OXELHEIM is professor of International Business and Finance at the University of Agder, Kristiansand, Norway and affiliated with the Research Institute of Industrial Economics (IFN), Stockholm, Sweden. His research interests include the interplay between the firm and its macroeconomic environment, encompassing economic and financial integration as well as managerial aspects, corporate governance, and risk management. He has published some 45 books and numerous academic articles many of which address macroeconomic influences on corporate performance.

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