Exchange Rates and the Firm

RICHARD FRIBERG (born 1967) is a research associate of the Department of Economics at the Stockholm School of Economics. His research has focused on links between firm behaviour and exchange rate risk. He co-authored a background report for the Swedish government commission on EMU and he has published in the Journal of International Economics and other major journals. In 1994-95 he spent one year as a Fulbright scholar at Massachusetts Institute of Technology.

List of Figures and Table Preface Introduction and Scope of the Book PART I : THE BACKGROUND Setting the Stage What are the Elements of Exposure? Should a Firm Manage its Exposure? The Instruments Commonly Used for Hedging PART 11: ECONOMIC EXPOSURE Economic Exposure The Evidence Contractual Exposure The Mechanisms and What Can Be Done about Them - a Close Look PART III: ACCOUNTING EXPOSURE Accounting Exposure PART IV: EMU A Brief Background The Changing Face of Exchange Rate Exposure Economic Exposure Macroeconomic Issues and their Implications for Exposure References Index