"Exchange-Rate Planning for the International Trading Firm"
Exchange Rates and Corporate Performance
Editor(s): Yakov Amihud and Richard Levich
© Irwin,
1994
Pages: 165-80
Publication type: Chapter
Research Archive Topic: Business Economics and Public Policy, Capital Markets and Investments, Corporate Finance, World Business
Abstract
This chapter deals with the interactions between the strategic and the exchange rate hedging decisions of an international trading firm. We count as strategic the firm's pricing policies or, obversely, its output decisions. (The choice among production locations is also strategic but is not considered here.) We argue that a firm must take its possible future strategic decisions into account when designing its hedging policy.
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