Essays about: "management of risk of foreign exchange"

Showing result 11 - 15 of 25 essays containing the words management of risk of foreign exchange.

1. 11. The smile of currency derivatives – PCA modelling of the FX effect

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Ola Nielsen; [2016]
   Keywords : foreign exchange; option; risk management; implied volatility; volatility smile; principal components; Business and Economics;

   Abstract : This paper investigates the non-flat volatility surface of foreign exchange options, a so-called volatility smile. Foreign exchange options are especially interesting due their liquidity and frequency in risk management. To propose a non-complex model of the determinants of variation in the smile, a principal component approach is suggested. READ MORE

3. 12. Resolving the Exchange Rate Puzzle

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Oskar Rosberg; Erik Graf; [2015]
   Keywords : Exchange rate exposure; Switzerland; SIX Swiss Exchange; Currency peg; Firm value;

   Abstract : This paper aims to contribute to the current discussion on the effects of exchange rate exposure on firm value. Particularly, it makes an attempt to resolve the exchange rate puzzle, a phenomenon based on the ambiguous results derived from existing literature. READ MORE

4. 13. Foreign Currency Derivatives and Their Impact on Firm Value - A study on Swedish Non-Financial Firms

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Lejla Garibovic; [2015]
   Keywords : Risk management; firm value; Tobin’s Q; currency derivatives; foreign exchange derivatives; FX risk; FCD; Business and Economics;

   Abstract : This paper empirically examines the relationship between firm value and the usage of currency derivatives for 85 non-financial Swedish firms listed on Stockholm Stock Exchange. The sample includes firms operating in a wide range of industries and with different sizes. The time period for the data is from 2005 to 2010. READ MORE

5. 14. Relationship between Currency Carry Trades and Gold Returns : A quantitative study of G-10 currencies: correlation and spillover effects for the last two decades.

   University essay from Umeå universitet/Företagsekonomi

   Author : Johannes Hornbrinck; Jonas Olausson; [2014]
   Keywords : Gold; Currency Carry Trades; Carry Trades; Portfolio choice; Sweden; Gold Hege; Gold diversifier; Gold safe-haven; UIP; Relationship;

   Abstract : Currency carry trade is an investment strategy that recently started gaining a lot of interest not only among investors and financial institutions but also academically. One of the underlying theoretical assumptions regarding the mechanisms of the foreign exchange market, the Uncovered Interest Parity has frequently been disproved in practice which has led to the conclusion that carry trade is profitable in practice. READ MORE

6. 15. Determinant Influence on Hedging Strategies - A case study of AB Volvo, AB SKF and Getinge AB

   University essay from Göteborgs universitet/Företagsekonomiska institutionen

   Author : Linn Birnbo; Sofie Wernersson; [2013-07-02]
   Keywords : Currency risk management; Foreign exchange rate risk; Hedging; Netting; Hedging Strategy; Determinants;

   Abstract : Background and Problem: Most internationally operating companies are exposed to foreign exchange risk. Companies who hedge their currency exposure strive to minimize the effect of unfavourable foreign exchange rate movements since it can have a negative impact on companies’ operational results. READ MORE