IDEAS home Printed from https://ideas.repec.org/p/zbw/cauman/248.html
   My bibliography  Save this paper

Some advances in supporting international financial management decisions

Author

Listed:
  • Hinz, Holger

Abstract

This paper describes relevant decision areas in IFM. Based upon financial Information supplied by the subsidiaries, decision models related to internal activities in IFM have been discussed. The majority of these emphasize the improvement of the fund-allocation process. Their ability to rationalize cross-border cash transfers between subsidiaries as well as their flexibility concerning the Implementation of institutional aspects turns them into a promising research area for the future. Furthermore, to enhance IFM's performance with respect to risk implications a portfolio-type model has been proposed which may very well serve as the basis for an improved exposure management system in IFM …

Suggested Citation

  • Hinz, Holger, 1990. "Some advances in supporting international financial management decisions," Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel 248, Christian-Albrechts-Universität zu Kiel, Institut für Betriebswirtschaftslehre.
    • Handle: RePEc:zbw:cauman:248
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/161994/1/manuskript_248.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ramesh Sharda & Kathryn D. Musser, 1986. "Financial Futures Hedging Via Goal Programming," Management Science, INFORMS, vol. 32(8), pages 933-947, August.
    2. Robert Z. Aliber, 1978. "Exchange Risk and Corporate International Finance," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-03362-1.
    3. Klemkosky, Robert C & Resnick, Bruce G, 1979. "Put-Call Parity and Market Efficiency," Journal of Finance, American Finance Association, vol. 34(5), pages 1141-1155, December.
    4. Alan C Shapiro, 1978. "Payments Netting in International Cash Management," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 9(2), pages 51-58, June.
    5. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
    6. Ian H. Giddy, 1983. "Foreign exchange options," Journal of Futures Markets, John Wiley & Sons, Ltd., vol. 3(2), pages 143-166, June.
    7. Garman, Mark B. & Kohlhagen, Steven W., 1983. "Foreign currency option values," Journal of International Money and Finance, Elsevier, vol. 2(3), pages 231-237, December.
    8. Folks, William R., 1973. "The Optimal Level of Forward Exchange Transactions," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 8(1), pages 105-110, January.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lim, Terence & Lo, Andrew W. & Merton, Robert C. & Scholes, Myron S., 2006. "The Derivatives Sourcebook," Foundations and Trends(R) in Finance, now publishers, vol. 1(5–6), pages 365-572, April.
    2. Pierdzioch, Christian, 2000. "The Effectiveness of the FX Market Interventions of the Bundesbank During the Louvre Period: An Options-Based Analysis," Kiel Working Papers 971, Kiel Institute for the World Economy (IfW Kiel).
    3. Vorst, A. C. F., 1988. "Option Pricing And Stochastic Processes," Econometric Institute Archives 272366, Erasmus University Rotterdam.
    4. Bjork, Tomas, 2009. "Arbitrage Theory in Continuous Time," OUP Catalogue, Oxford University Press, edition 3, number 9780199574742.
    5. Malz, Allan M., 1996. "Using option prices to estimate realignment probabilities in the European Monetary System: the case of sterling-mark," Journal of International Money and Finance, Elsevier, vol. 15(5), pages 717-748, October.
    6. Rodriguez, Ricardo J., 2002. "Lognormal option pricing for arbitrary underlying assets: a synthesis," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(3), pages 577-586.
    7. Christoffersen, Peter & Jacobs, Kris & Chang, Bo Young, 2013. "Forecasting with Option-Implied Information," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 581-656, Elsevier.
    8. Kaehler, Jürgen, 1991. "Modelling and forecasting exchange-rate volatility with ARCH-type models," ZEW Discussion Papers 91-02, ZEW - Leibniz Centre for European Economic Research.
    9. Ako Doffou & Jimmy E. Hilliard, 2001. "Pricing Currency Options Under Stochastic Interest Rates And Jump-Diffusion Processes," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 24(4), pages 565-585, December.
    10. Rob Hayward, 2018. "Foreign Exchange Speculation: An Event Study," IJFS, MDPI, vol. 6(1), pages 1-13, February.
    11. Stephen L. Taylor, 1990. "Put-Call Parity: Evidence From the Australian Options Market," Australian Journal of Management, Australian School of Business, vol. 15(1), pages 203-216, June.
    12. Geman, Hélyette, 2005. "From measure changes to time changes in asset pricing," Journal of Banking & Finance, Elsevier, vol. 29(11), pages 2701-2722, November.
    13. Marcos Escobar & Christoph Gschnaidtner, 2018. "A multivariate stochastic volatility model with applications in the foreign exchange market," Review of Derivatives Research, Springer, vol. 21(1), pages 1-43, April.
    14. Mi-Hsiu Chiang & Chang-Yi Li & Son-Nan Chen, 2016. "Pricing currency options under double exponential jump diffusion in a Markov-modulated HJM economy," Review of Quantitative Finance and Accounting, Springer, vol. 46(3), pages 459-482, April.
    15. Siddiqi, Hammad, 2015. "Explaining the Smile in Currency Options: Is it Anchoring?," MPRA Paper 63528, University Library of Munich, Germany.
    16. Foad Shokrollahi, 2016. "Subdiffusive fractional Brownian motion regime for pricing currency options under transaction costs," Papers 1612.06665, arXiv.org, revised Aug 2017.
    17. Krylova, Elizaveta & Nikkinen, Jussi & Vähämaa, Sami, 2009. "Cross-dynamics of volatility term structures implied by foreign exchange options," Journal of Economics and Business, Elsevier, vol. 61(5), pages 355-375, September.
    18. Chalamandaris, Georgios & Tsekrekos, Andrianos E., 2010. "Predictable dynamics in implied volatility surfaces from OTC currency options," Journal of Banking & Finance, Elsevier, vol. 34(6), pages 1175-1188, June.
    19. Bronka Rzepkowski, 2002. "Heterogeneous expectations, currency options and the euro/dollar," Quantitative Finance, Taylor & Francis Journals, vol. 2(2), pages 147-157.
    20. J. Mart'in Ovejero, 2022. "Vanna-Volga pricing for single and double barrier FX options," Papers 2211.12652, arXiv.org, revised Nov 2022.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:zbw:cauman:248. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/ibkiede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.