国际财务管理英文9.pdfVIP

Chapter Chapter 9 9 Managing Economic Exposure Managing Economic Exposure And Translation Exposure And Translation Exposure 20111 Chapter Objectives To explain how an MNC’s economic exposure can be hedged; and To explain how an MNC’s translation exposure can be hedged. Economic Exposure Economic exposure refers to the impact exchange rate fluctuations can have on a firm’s future cash flows. Recall that corporate cash flows can be affected by exchange rate