Managed Foreign Exchange

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Emerging Market Currencies: What To Expect
Bridgewater Associates' study of emerging market currencies.

 
Decision-making and Strategy in Corporate Foreign Exchange Management
A study by Heli Hookana-Turunen of the Turku School of Economics and Business Administration.

 
Implementing a Foreign Exchange Risk Management Policy
A guide to implementing a corporate currency risk policy standard by Oz Forex.

 
Currency Exposure
Lecture notes on identifying and managing foreign exchange exposure.

 
Hedging Foreign Exchange Exposure
Lecture notes from Galen Burghart on hedging foreign-exchange exposure associated with equity and fixed-income portfolios.

 
Managing Foreign Exchange Risk
Detailed lecture notes that describe the identification, process, and instruments of foreign exchange risk management.

 
GAIN Capital: FX Risk Management
Provides solid forex risk management and operating procedures featuring dealers averaging 15 years of FX trading experience at top Wall St. firms.

 
The Management of Foreign Exchange Risk
Lecture notes by Ian H. Giddy and Gunter Dufey New York University and University of Michigan.

 
Exchange Rate Determination: Part 2
Lecture notes by Professor Linda Tesar of the University of Michigan.

 
Greenwich Treasury Advisors: Options Hedging
A comparison of active versus passive option corporate hedging strategies.

 
NAIB: Foreign Exchange Solutions
Market Making and trade executions for institutional traders in listed NASDAQ large and small cap stocks, bulletin board stocks, electronic pink sheets, and ADRs.

 
Managing Foreign Exchange Risk with Derivatives
Case study of a corporation's decision to hedge currency risk.

 
Measuring and Managing Transaction Exposure
Identification and management of foreign exchange transaction exposures.

 
The Dynamic Hedging Enigma
Bridgewater Associates' piece on dynamic currency hedging.

 
Hedging Currency Risk
Assessment of the decision to employ active or passive currency hedging strategies, by Bridgewater Associates.

 
Hedging Currency Risk with Options and Futures
Primer on using currency futures and options to hedge foreign exchange risk.

 
Economic Exposure
Lecture notes on managing economic exposure related to foreign exchange.

 
Developing An Effective Currency Overlay Program
Bridewater Associates' guidelines for creating a corporate currency hedging overlay program.

 
Exchange Rate Determination: Part 1
Lecture notes from Professor Linda Tesar of the University of Michigan.

 
The Importance of Making Independent Currency Overlay and Asset Underlay Decisions
Exploration of macroeconomic factors that may provide support for a given country's assets but be damaging for its currency. Also, assessment of strategies to exploit this divergence.

 
Riskcenter.com - Market Risk
Provider of news and articles on identifying and managing market risk.

 
The Derivatives 'Zine: Currency Derivatives and Risk Management
Provider of news, articles, discussions, and links to relevant websites on currency risk management and currency derivative structures.

 
Cross-Currency Swap Overhedging
Definition of the concepts of underhedging and overhedging in cross-currency interest rate swaps.

 
Devaluations: Emerging Market Currencies
Bridgewater Associates' study of currency devaluations in emerging markets.

 
Rouble/Dollar Event Risk Management
Discussion of a model developed to assess exposure due to event risk associated with large RUR/USD deviation.

 
The Group of 31 Report: Core Principles for Managing Multinational FX Risk
A study by Greenwich Treasury Advisors of major corporations' methods of managing foreign exchange risk.

 
Cross-Hedging: Risk Reducing or Risk Increasing?
Bridewater Associates' study of whether cross hedging, or shifting the foreign exchange exposure of a portfolio from one currency to a second, reduces or increases overall portfolio risk.

 
Currency Risk
Articles on currency risk management in the February 2000 issue of Currency Risk magazine.

 
Using Insurance to Hedge FX Risk
Article on the accounting, tax and structural benefits a transferor of risks can realize by using insurance contracts for hedging, rather than derivative contracts.

 
Measuring and Managing Translation Exposure
Lecture notes on identifying and hedging currency translation exposure.

 
Transaction Exposure
Class notes on managing corporate transaction exposure related to foreign exchange.

 
Global Forex Trading: Foreign Exchange Risk Management
Offers forex trading quotes, forex news, forex analysis and forex hedging, forex risk-management and forex managed accounts.

 
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