Description: 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 II: 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 * Index 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 II: 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 * Index

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