ISBN 9789351105916,Foreign Exchange, International Finance and Risk Management : Including a Section on Derivatives

Foreign Exchange, International Finance and Risk Management : Including a Section on Derivatives



Shroff Publishers & Distributors

Publication Year 2014

ISBN 9789351105916

ISBN-10 9351105911

Paper Back

Edition 5th
Number of Pages 436 Pages
Language (English)

Money & finance

The globalization and liberalization of the Indian economy since 1991 has led to an exponential rise in the currency exposures of Indian businesses. Increasing exchange rate volatility has made Indian business entities more vulnerable to the risks arising out of not only revenue and capital account transactions but also economic exposures, which often arise without direct foreign currency dealings. In such circumstances, it has become vital for nance managers to understand the functioning of currency markets. With banks o ering various hedging instruments to manage the risk, it is equally important to understand when and how to use these instruments, especially complex, structured derivative products.

The book provides a comprehensive understanding of the functioning of the forex markets, the risks and objectives pertinent to forex exposures, the derivative instruments available for hedging, as well as an insight into some of the disputes between banks and their counter-parties in relation to mis-selling of derivatives as hedging alternatives.

Apart from covering the risk management issues, the book touches upon the relevant accounting and regulatory aspects in the treatment of forex derivatives.

The book has the following sections

Section I - Foreign Exchange Market
Section II - Cross Border Finance
Section III - Derivatives
Section IV - Risk Management and Accounting

The book would be found especially valuable by Finance / Treasury professionals in banks, companies and auditors. It is also a useful primer for managers in other functional areas like purchase, sales, commercial, etc. who are involved in foreign exchange transactions.