ToExchangeRateFluctuations(国际金融管理山东(39页).pptxVIP

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  • 2023-12-12 发布于湖北
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ToExchangeRateFluctuations(国际金融管理山东(39页).pptx

ChapterObjectives;IsExchangeRateRiskRelevant?;IsExchangeRateRiskRelevant?;CurrencyDiversificationArgument

·AnMNCthatiswelldiversifiedshouldnotbeaffectedbyexchangeratemovementsbecauseofoffsettingeffects.

√Thisisanaivepresumption.;StakeholderDiversificationArgument

·WelldiversifiedstakeholderswillbesomewhatinsulatedagainstlossesexperiencedbyanMNCduetoexchangeraterisk.

√MNCsmaybeaffectedinthesamewaybecauseofexchangeraterisk.;ResponsefromMNCs

ManyMNCshaveattemptedtostabilizetheirearningswithhedgingstrategies,whichconfi

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