Survey evidence on the exchange rate exposure of Hungarian SMEs
AbstractDuring the past year, a survey was conducted among Hungarian small and medium enterprises. The results of the survey suggest that a significant ratio of companies is directly exposed to fluctuations in the exchange rate, which may affect their profitability to a large degree. The majority of surveyed companies, however, are not prepared for the potential effects of such fluctuations and do not use foreign exchange risk management tools. Indebtedness in foreign exchange could serve as the hedging against exchange rate risks, but enterprises mainly use it to minimise monthly repayment; therefore, the foreign exchange debt increases their exchange rate risks.
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Bibliographic InfoArticle provided by Magyar Nemzeti Bank (the central bank of Hungary) in its journal MNB Bulletin.
Volume (Year): 1 (2006)
Issue (Month): 1 (June)
exchange rate exposure; FX loans; FX risk management; SME; survey.;
Find related papers by JEL classification:
- C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
- F31 - International Economics - - International Finance - - - Foreign Exchange
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G30 - Financial Economics - - Corporate Finance and Governance - - - General
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