Currency Risk Management : A Handbook for Financial Managers, Brokers, and Their Consultants

Concentrates on an important area of good business practice, the prudent and skilful management of currency risk. The book offers a simple, direct approach to understanding the basic and advanced concepts of currency risk management, aimed at a broad range of financial industry professionals. It is not news that companies and institutions compete in the worldwide arena that we call the marketplace. Every model, every theory of good business practice requires a full understanding of the various risks facing international business managers. Chief among these is the prudent and skillful management of currency risk -- and recent problems in the currencies of the four Tigers in Southeast Asia illustrate the vital importance of currency risk management.Author Gary Shoup, an expert risk management consultant, helps brokers, consultants, financial officers, managers, and other professionals understand the vital importance of currency risk management. His simple, direct approach to understanding the basic and advanced concepts of currency risk management makes this the ideal text for a broad range of financial industry professionals and corporate managers. With the advent of the World Trade Organization and NAFTA, foreign exchange now impacts the corporate world as never before. Hedging currency risk - usually through the interbank network - is now a routine treasury function. However, midsized companies (up to $100 million in annual sales) are often shut out of the interbank market because of cost and minimum size requirements. Currency Risk Management: A Handbook for Financial Managers, Brokers, and Their Consultants shows how to capture this business - from the basic concepts of foreign exchange to prospecting the corporate client. The author writes in an easy-to-read style and shows the finer points of foreign exchange and various exchange regimes recognized by the IMF. The reader will learn why exchange rates are a matter of government restrictions and controls as well as market price discovery. The International Dictionary of Accounting Acronyms is a must for busy executives and professionals involved in a wide range of accounting and financial issues. This comprehensive reference will quickly help to define confusing acronyms casually used by the media and other professionals. GAAP (Generally Accepted Accounting Principles), FMT (Fair Market Rent), PITI (Principal, Interest, Taxes and Insurance) and many more acronyms will no longer be mysteries. The International Dictionary of Accounting Acronyms contains almost 2,000 acronyms and is completely cross-referenced for ease of use. Examples and graphic illustrations are used throughout to clarify definitions and special features include an appendix of monetary symbols and an appendix of sources of information.