InternationalFinancialManagement6国际财务管理学习课件.pptVIP

* Chapter 6 Managing Economic Exposure And Translation Exposure * Objectives This chapter shows how an MNC can restructure its operations to reduce economic exposure. Such a strategy is related to the firm’s long-run operations. It also briefly describes how an MNC’s translation exposure can be reduced. Yet, It is advised that the limitations of hedging translation exposure receives as much attention as the hedging strategy itself. * Economic Exposure Economic exposure refers to the impact exchange rate fluctuations can have on a firm’s future cash fl