Managing Currency Risk - Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu

Managing Currency Risk

How Japanese Firms Choose Invoicing Currency
Buch | Hardcover
288 Seiten
2018
Edward Elgar Publishing Ltd (Verlag)
978-1-78536-012-1 (ISBN)
124,70 inkl. MwSt
The yen is now one of the major currencies freely traded in the world, and yet, many Japanese exporters take on a currency risk by invoicing in US dollars.Managing Currency Risk enhances our understanding of exporters’ behaviour by analysing the key factors that influence their choice of invoice currency.
The yen is now one of the major currencies freely traded in the world, and yet, many Japanese exporters take on a currency risk by invoicing in US dollars. In this book, the authors examine why this is the case, particularly for those exporters who have a strong presence in global markets.

Managing Currency Risk enhances our understanding of exporters’ behaviour by analysing the key factors that influence their choice of invoice currency. Detailed research based on unique data sets is used to highlight how firm size, product competitiveness, intra/inter-firm trade and the geography of export destination impact this decision.

This book is a valuable resource for international finance researchers and political economists wishing to discover up-to-date information regarding currency invoicing by multinational firms. It will also be a vital tool for financial and governmental practitioners to discover more about their competitors’ behaviour.

Takatoshi Ito, Professor, School of International and Public Affairs, Columbia University, US, Senior Professor, National Graduate Institute for Public Studies, Japan and RIETI, Satoshi Koibuchi, Professor, Faculty of Commerce, Chuo University, Japan and RIETI, Kiyotaka Sato, Professor, Department of Economics, Yokohama National University, Japan, Adjunct Professor, School of Business and Law, Edith Cowan University, Australia and RIETI and Junko Shimizu, Professor, Faculty of Economics, Gakushuin University, Japan and RIETI

Contents: 1. Introduction 2. Choice of Invoice Currency in Japanese Trade: Industry- and Commodity-Level Analysis 3. Findings from Interviews with Globally Operating Japanese Firms 4. Analysis of Questionnaire Surveys on Head Offices 5. Exchange Rate Risk Management in Japanese Firms 6. Invoice Currency Choice in Global Production and Sales Networks 7. Invoicing Currency and Yen Internationalization References Index

Erscheinungsdatum
Verlagsort Cheltenham
Sprache englisch
Maße 156 x 234 mm
Themenwelt Wirtschaft Volkswirtschaftslehre Finanzwissenschaft
Wirtschaft Volkswirtschaftslehre Makroökonomie
ISBN-10 1-78536-012-4 / 1785360124
ISBN-13 978-1-78536-012-1 / 9781785360121
Zustand Neuware
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