国际财务理.ppt

Chapter Outline Three Types of Exposure How to Measure Economic Exposure Operating Exposure: Definition An Illustration of Operating Exposure Determinants of Operating Exposure Managing Operating Exposure Three Types of Exposure Economic Exposure Exchange rate risk as applied to the firm’s competitive position. Transaction Exposure Exchange rate risk as applied to the firm’s home currency cash flows. The subject of Chapter 13. Translation Exposure Exchange rate risk as applied to the firm’s consolidated financial statements. The subject of Chapter 14 How to Measure Economic Exposure Economic