Ein Analyseraster zur Bestimmung langfristiger Wechselkursrisiken von Unternehmen dargestellt am Beispiel der US-Dollar-Abwertung
The US-Dollar has depreciated noticeably since the beginning of the year 2006. This depreciation changes the competitiveness of nations and corporations. This paper briefly presents the related exchange rate risks. Subsequently, the operating exposure is discussed, as this is the relevant foreign exchange risk in the long-term. A related issue in corporate risk management is to identify and quantify exchange rate risks. In this context a short guideline proposes an applied 3-step analysis. This DIR-Analysis investigates: direct exposures, indirect exposures and enterprise responses to changed fx-rates.
|Date of creation:||Mar 2008|
|Date of revision:|
|Publication status:||Published in Forschungsberichte des Fachbereichs Wirtschaft der Fachhochschule Duesseldorf ; 2008,2 ; ISSN 1866-2722|
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- Richard Friberg & Mattias Ganslandt, 2007. "Exchange Rates and Cash Flows in Differentiated Product Industries: A Simulation Approach," Journal of Finance, American Finance Association, vol. 62(5), pages 2475-2502, October.
- Bartram, Söhnke M. & Brown, Gregory W. & Minton, Bernadette, 2009.
"Resolving the Exposure Puzzle: The Many Facets of Exchange Rate Exposure,"
14041, University Library of Munich, Germany.
- Bartram, Söhnke M. & Brown, Gregory W. & Minton, Bernadette A., 2010. "Resolving the exposure puzzle: The many facets of exchange rate exposure," Journal of Financial Economics, Elsevier, vol. 95(2), pages 148-173, February.
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