Titlebook: Exchange Risk and Corporate International Finance; Robert Z. Aliber Book 1978 Palgrave Macmillan, a division of Macmillan Publishers Limit

系列

乐章

Changes in Exchange Rates as Economic Disturbanceshe price levels in the countries whose currencies are devalued or depreciate have risen more rapidly than the U.S. price level and, to a lesser extent, the countries whose currencies were revalued or appreciated have had less rapid inflation. Even then, the timing of such changes cannot be foretold

aspect

令人不快

NAUT

Changes in Exchange Rates and National Commodity Price Levelseen changes in exchange rates and levels and rates of change of national commodity price levels, interest agios and exchange agios. If these propositions are continuously valid in the short run as well as in the long run, exchange risk disappears; the firm’s net worth, income and market value would

notion

Changes in Exchange Rates and Yield Differentialspends on how fully interest rate differentials and forward exchange rates reflect such anticipations. If Fisher Open holds continuously, changes in the currency mix of portfolios would not affect the firm’s income, net worth or market value; neither would changes in exchange rates. Thus a central qu

纵火

Interest Rate Differentials and Political Riskquate compensation, mostly within developing countries. Consequently, many firms prefer to borrow locally to finance their foreign subsidiaries to minimise their exposure to losses from expropriation; they anticipate that if a subsidiary is expropriated, its new owners would be obliged to repay its

Antecedent

The Costs of Altering Exposure to Exchange Riskacts on its income, net worth, and market value.. The firm with a long position in the pengo can reduce its exposure by acquiring additional pengo liabilities; the firm might borrow pengos and use the loan proceeds to buy dollars or it might sell the pengo forward.. As a first step, the firm should

蛰伏

CLASP

Tax Implications of Exchange Losses and Gainsthe uncertainty of variations in income from changes in exchange rates. Moreover, the tax structure also affects the techniques used to alter exposure, and the countries in which firms realise their exchange gains and their exchange losses.