Homaifar Managing Global Financial and Foreign Exchange Rate Risk

1. Auflage 2004
ISBN: 978-0-471-55733-3
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 400 Seiten, E-Book

Reihe: Wiley Finance Editions

A comprehensive guide to managing global financial risk
From the balance of payment exposure to foreign exchange andinterest rate risk, to credit derivatives and other exotic options,futures, and swaps for mitigating and transferring risk, this bookprovides a simple yet comprehensive analysis of complex derivativespricing and their application in risk management. The risk posed byforeign exchange transactions stems from the volatility of theexchange rate, the volatility of the interest rates, and factorsunique to individual companies which are interrelated. To protectand hedge against adverse currency and interest rate changes,multinational corporations need to take concrete steps formitigating these risks.
Managing Global Financial and Foreign Exchange Rate Riskoffers a thorough treatment of price, foreign currency, andinterest rate risk management practices of multinationalcorporations in a dynamic global economy. It lays out the pros andcons of various hedging instruments, as well as the economic costbenefit analysis of alternative hedging vehicles. Written in adetailed yet user-friendly manner, this resource providestreasurers and other financial managers with the tools they need tomanage their various exposures to credit, price, and foreignexchange risk.
Managing Global Financial and Foreign Exchange Rate Riskcovers various swaps in this geometrically growing field withnotional principal in excess of $120 trillion. From caplet andcorridors to call and put swaptions this book covers the microstructure of the swaps, options, futures, and foreign exchangemarkets. From credit default swap and transfer and convertibilityoptions to asset swap switch and weather derivatives this bookillustrates their simple pricing and application. To showreal-world examples, each chapter includes a case studyhighlighting a specific problem, as well as a set of steps to solveit. Numerous charts accompanied with actual Wall Street figuresprovide the reader with the opportunity to comprehend andappreciate the role and function of derivatives, which are oftenmisunderstood in the financial market.
This detailed resource will guide the individual, government andmultinational corporations safely through the maze of variousexposures. A must-read for treasures, controllers, money mangers,portfolio managers, security analyst and academics, ManagingGlobal Financial and Foreign Exchange Rate Risk represents animportant collection of up-to-date risk management solutions.
Ghassem A. Homaifar is a professor of financial economicsat Middle Tennessee State University. He has Master of Science inIndustrial Management from State University of New York at StonyBrook and PhD in Finance from University of Alabama in 1982. He isthe author of numerous articles that have appeared in theJournal of Risk and Insurance, Journal of BusinessFinance and Accounting, Weltwirtschsftliches Archiv Reviewof World Economics, Advances in Futures and OptionsResearch,Applied Financial Economics, AppliedEconomics, International Economics, and GlobalFinance Journal.

Autoren/Hrsg.

Homaifar, Ghassem A.

Inhaltsverzeichnis

Preface.
Chapter 1. Global Markets: Transactions and Risks.
Chapter 2. Balance of Payments Exposure Management.
Chapter 3. Foreign Exchange Rate Dynamics: ManagingExposure.
Chapter 4. Application of Options and Futures for ManagingExposure.
Chapter 5. Principles of Futures: Pricing and Applications.
Chapter 6. Interest Rate Futures: Pricing and Applications.
Chapter 7. Swaps.
Chapter 8. Translation, Transaction, and Operating Exposure.
Chapter 9. Debt, Equity, and Other Synthetic Structures.
Chapter 10. Options on Futures.
Chapter 11. Credit Derivatives: Pricing and Applications.
Chapter 12. Credit and Other Exotic Derivatives.
References.
Index.

Über Autor(innen)

Ghassem A. Homaifar is a professor of financial economics at Middle Tennessee State University. He has a master of science in industrial management from the State University of New York at Stony Brook and a PhD in finance from the University of Alabama. He is the author of numerous articles that have appeared in the Journal of Risk and Insurance, Journal of Business Finance and Accounting, Weltwirtschaftliches Archiv Review of World Economics, Applied Financial Economics, Applied Economics, International Economics, and Global Finance Journal.