Cross Border Currency Exposures PDF Download
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Author | : Agustin Benetrix |
Publisher | : International Monetary Fund |
Total Pages | : 67 |
Release | : 2019-12-27 |
Genre | : Business & Economics |
ISBN | : 1513522868 |
Download Cross-Border Currency Exposures Book in PDF, ePub and Kindle
This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods. The paper illustrates current and new uses of these data, with particular focus on the evolution of currency exposures of cross-border positions.
Author | : Agustín Bénétrix |
Publisher | : |
Total Pages | : |
Release | : 2020 |
Genre | : |
ISBN | : |
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Author | : Thomas Krayenbuehl |
Publisher | : Woodhead Publishing |
Total Pages | : 222 |
Release | : 2001-07-03 |
Genre | : Business & Economics |
ISBN | : 9781855735125 |
Download Cross-Border Exposures and Country Risk Book in PDF, ePub and Kindle
The international financial system has come under strain several times in recent years, and analysis has shown that most crises originated from the risks built into cross-border exposures. Assessment and monitoring of cross-border exposures and country risk are essential activities for international lending agencies such as government bodies, banks, multinational corporations and other investors. Inadequate risk management could have a destabilising effect on both lender and borrower and could result in a major international financial crisis. This completely revised edition of Thomas E Krayenbuehl's classic handbook clearly shows how the various players can quantify and manage the complex factors involved in order to minimise the risk and avoid potentially catastrophic consequences. It provides both a rigorous analysis of the current situation and a guide to meeting the challenges of the future. Just some of the things you'll discover. How to succeed in cross-border lending and investment through good assessment, monitoring and hedging of country risk How the Tequila and Asian crises came about, and the lessons learned The likelihood of future crises and the potential causes The latest problems to beset the international financial system The recent developments in cross-border financing Why the problem of contagion occurs between seemingly unrelated markets The enormous need for global capital to bring about sustainable economic development in the developing world, and the role of the major players in fulfilling it The numerous factors that constitute and influence a specific country risk The responsibilities of all the parties involved, from the IMF and the World Bank to the industrialised and developing nations, the regulators and the rating agencies How this study helps you: This lucid and authoritative handbook will help you to: Understand the problems facing the international financial system Identify and assess new investment opportunities Optimise risk composition of cross-border lending or investment Make sound decisions, minimise risk and achieve better outcomes The definitive study of this important topic - its purpose, practice and implications
Author | : Philip R. Lane |
Publisher | : |
Total Pages | : 0 |
Release | : 2008 |
Genre | : |
ISBN | : 9783865584595 |
Download Financial Exchange Rates and International Currency Exposures Book in PDF, ePub and Kindle
Author | : Philip R. Lane |
Publisher | : |
Total Pages | : 52 |
Release | : 2007 |
Genre | : Capital movements |
ISBN | : 9783865584588 |
Download Financial Exchange Rates and International Currency Exposures Book in PDF, ePub and Kindle
Our goal in this project is to gain a better empirical understanding of the international financial implications of currency movements. To this end, we construct a database of international currency exposures for a large panel of countries over 1990-2004. We show that trade-weighted exchange rate indices are insufficient to understand the financial impact of currency movements. Further, we demonstrate that many developing countries hold short foreign-currency positions, leaving them open to negative valuation effects when the domestic currency depreciates. However, we also show that many of these countries have substantially reduced their foreign currency exposure over the last decade. Last, we show that our currency measure has high explanatory power for the valuation term in net foreign asset dynamics: exchange rate valuation shocks are sizable, not quickly reversed and may entail substantial wealth shocks.
Author | : Dan Galai |
Publisher | : International Monetary Fund |
Total Pages | : 22 |
Release | : 2009-05-01 |
Genre | : Business & Economics |
ISBN | : 1451872577 |
Download Credit Risk Spreads in Local and Foreign Currencies Book in PDF, ePub and Kindle
The paper shows how-in a Merton-type model with bankruptcy-the currency composition of debt changes the risk profile of a company raising a given amount of financing, and thus affects the cost of debt. Foreign currency borrowing is cheaper when the exchange rate is positively correlated with the return on the company's assets, even if the company is not an exporter. Prudential regulations should therefore differentiate among loans depending on the extent to which borrowers have "natural hedges" of their foreign currency exposures.
Author | : Peter W. Briggs |
Publisher | : Lexis Law Publishing (Va) |
Total Pages | : 164 |
Release | : 1987 |
Genre | : Business & Economics |
ISBN | : |
Download Foreign Currency Exposure Management Book in PDF, ePub and Kindle
Author | : Alastair Graham |
Publisher | : Routledge |
Total Pages | : 134 |
Release | : 2013-11-26 |
Genre | : Business & Economics |
ISBN | : 1135957258 |
Download Introduction to Currency Risk Book in PDF, ePub and Kindle
The Currency Risk Management series offers readers, researchers, and financial professional a time-tested training tool for understanding and working in the increasingly complex currency markets. This series breaks new ground in simplicity, clarity, and ease of application in risk management practice.
Author | : Alastair Graham |
Publisher | : Routledge |
Total Pages | : 182 |
Release | : 2014-02-04 |
Genre | : Business & Economics |
ISBN | : 1135968381 |
Download Hedging Currency Exposure Book in PDF, ePub and Kindle
The Currency Risk Management series offers readers, researchers, and financial professional a time-tested training tool for understanding and working in the increasingly complex currency markets. This series breaks new ground in simplicity, clarity, and ease of application in risk management practice.
Author | : Mr. Cian Allen |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2023-11-17 |
Genre | : Business & Economics |
ISBN | : |
Download Currencies of External Balance Sheets Book in PDF, ePub and Kindle
This paper assembles a comprehensive dataset of the currency composition of countries’ external balance sheets for 50 economies over the period 1990–2020. We document the following findings: (i) the US dollar and the euro still dominate global external balance sheets; (ii) there were striking changes in the currency composition across countries since the 1990s, with many emerging markets having moved from short to long positions in foreign currency, thus moving away from the so-called “original sin”; (iii) financial and tradeweighted exchange rates are weakly correlated, suggesting the commonly used trade indices do not adequately reflect the wealth effects of currency movements, and (iv) the large wealth transfers across countries during COVID-19 and the global financial crises increased global imbalances in the former, and reduced them in the latter.