An Empirical Analysis of Foreign Exchange Management Strategies in International Sourcing
Examines the cost performance of various strategies for managing foreign exchange risk in international sourcing. The strategies represent a broad spectrum of approaches to exchange risk, ranging from naïve to active. Of particular interest is the comparison of those strategies which use exchange ra...
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Published in | International journal of physical distribution & logistics management Vol. 23; no. 8; pp. 38 - 45 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Bradford
MCB UP Ltd
01.08.1993
Emerald Group Publishing Limited |
Subjects | |
Online Access | Get full text |
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Summary: | Examines the cost performance of various strategies for managing
foreign exchange risk in international sourcing. The strategies
represent a broad spectrum of approaches to exchange risk, ranging from
naïve to active. Of particular interest is the comparison of those
strategies which use exchange rate forecasts with those which do not.
Focuses on movements in the German mark US dollar exchange rate for the
period January 1986 through December 1990. Employs a historical
simulation methodology to compare the performance of various strategies
over this time frame. The results suggest that active approaches to
exchange rate management warrant further attention. |
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Bibliography: | ark:/67375/4W2-9RRC2LT5-0 filenameID:0050230804 istex:7AB840E1D4995E2D220DAE01B485BB60DC1D4E5E href:09600039310049826.pdf original-pdf:0050230804.pdf ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 |
ISSN: | 0960-0035 1758-664X |
DOI: | 10.1108/09600039310049826 |