Front Matter Page
Monetary and Capital Markets
Authorized for distribution by Carlos Medeiros
Contents
I. Introduction
II. Definition and Types of Exchange Rate Risk
III. Measurement of Exchange Rate Risk
IV. Management of Exchange Rate Risk
A. Hedging Strategies
B. Hedging Benchmarks and Performance
C. Hedging and Budget Rates
D. Best Practices for Exchange Rate Risk Management
V. Hedging Instruments for Managing Exchange Rate Risk
VI. Hedging Practices by U.S. Firms
VII. Concluding Remarks
Tables
1. Notional Amounts Outstanding of OTC Derivatives by Instrument
2. Notional Amounts Outstanding of OTC Derivatives by Currency
3. Notional Amounts Outstanding of OTC Foreign Exchange Derivatives by Maturity
4. Derivative Financial Instruments Traded on Organized Exchanges by Instrument and Location
5. Use of Derivatives Instruments by U.S. Non-financial Firms
6. Objectives of Hedging Strategy by U.S. Non-financial Firms
7. Choice of Foreign Exchange Instruments by U.S. Non-financial Firms
8. Frequency of Derivative Valuations by U.S. Non-financial Firms
References