Management of Foreign Exchange Risk

<p>This book provides a technical and specialised discussion of contemporary and emerging issues in foreign exchange and financial markets by addressing the issues of risk management and theory and hypothesis development which have general implications for finance theory and foreign exchange market management. It offers an in-depth comprehensive analysis of the issues concerning the volatility of exchange rates.</p><p>The book has three main objectives. First it applies the integrated study of exchange rate volatility in terms of depth and breadth. Second it applies the integrated study of exchange rate volatility in Malaysia as a case study of a developing country. Malaysia had imposed capital control measures in the past and has now liberalised its exchange rate market and will continue to liberalise it further in the long run. Hence the need to understand exchange rate volatility measurement and management will be even more important in the future. Third the book highlights new conditional volatility models for a developing country such as Malaysia and develops advanced econometric models which have produced results for sound risk management strategies and for achieving risk management in the financial market and the economy. Additionally the authors recommend risk management themes which may be of relevance to other developing countries.</p><p>This work can be used as a reference book by fund managers financial market analysts researchers academics practitioners policy makers and postgraduate students in the areas of finance accounting business and financial economics. It can also be a supplementary text for Ph.D. and Masters’ students in these areas.</p>